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In basic use, a financial plan is a comprehensive examination of an individual's present pay as well as future financial state by making use of existing well-known variables to forecast future income, asset worths and withdrawal strategies. A financial plan is occasionally referred to as an investment plan, yet in personal finance a financial plan can concentrate on various other certain locations such as danger administration, estates, college, or retirement. Context of Business In business, a financial plan can describe the 3 primary financial statements (annual report, revenue declaration, as well as capital declaration) created within a business plan. Financial projection or financial strategy can likewise refer to an annual forecast of revenue as well as costs for a division, company or division . A financial plan can likewise be an estimate of money needs and a choice on how to raise the cash money, such as via borrowing or releasing extra shares in a company. A fin