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1. 4) Contingency Plan - Special budgets are made to address the problems of rising prices or for expenses that may occur but not counted in the cost of project implementation. -To avoid companies get caught in financial problems due to unexpected events of things. - Entreprenuers will use their own discretion in determining the amount of this provision.

2. To identify and recommend the related sources of funding (KHAIRUL SHAHID BIN MOHD KHAIR AN160247)

3. Show many reasons why profits are not cash and why cash flow is not intuitive. (MUHAMMAD ARIF BIN MOHD NASIR AN160065)

4. The balance sheet shows the balance for cash, asset, liability and equity at the end of the financial period. (Sim Yen Fang AN160218)

5. 1. Purchasing or fixed asset 2. Working capital 3. Other cash requirement 4. Contingency plan CHONG HAN ZHE (AN160229)

5.1. 1)Purchasing of fixed assets can be classified by two types: Fixed assets and Non current assets.(NURUL AIMI FARHANA BINTI AZHARI AN160009)

5.2. 2) Working capital -production/operation expenses -administrative expenses -marketing/sales expenses (muhamad aizat hakim bin roehaizan dn160071)

5.3. 3) Other cash requirements - Deposit for facilities such as utilities, business space. - Preliminary expenses : expenses incurred before starting a business such as license registration, legal fees, training, stamp duty. (Muhammad Syakir Imam Bin Mohd Fadzil DN160125)

6. Step 3 : Depreciation of asset (Quek Jia Ling AN160248)

6.1. Example:

6.2. Deposit for facilities such as utilities and business space

6.3. Preliminary expense such as license registration, legal fees, training, and stamp duty.

6.4. Wendy Yen Wee Ni AN160208

7. STEP 6 : Projected Balance Sheet (NOOR THUWAIBAH BINTI ABDUL RAZAK AN160005)

7.1. Importance of preparing a financial planning (Ho Con Nie AN160197)

7.1.1. 1. To determine the size of investment. (Fatin Nurliana binti Samsudin - AN160108)

7.1.2. 2. Having a financial plan helps you prepare for risks (Muhammad Shafiq Syahmi AN160246)

7.1.3. The balance sheet shows the balance for cash, asset, liability and equity at the end of the financial period. NURFARHANIM AZLI AN160164

7.1.4. 3. Give you a head start in meeting your financial objectives(mohd nizar bin muhammad nasir annadurai AN160123)

7.2. asset=equality+ liability Norhanifah halim an160068

8. STEP 5 : Projected financial statement AINNUR RASHIDAH BINTI MOHD HISAM AN160030

8.1. Reports the forecasts of annual revenue and expenditure to determine the net profit earned by the end of the financial year. (Leong Min Qing AN160222)

8.2. Consists of: 1. Sales - Revenue or business insights 2. Expenditure - Overall operating cost or services 3. Profit/loss - The difference between sales or expenditure. If positive, the business is profitable and vise versa (Mohd Firdaus Bin Mansor AN160152)

9. Definition: Preparation of financial plan- help entrepreneurs to evaluate their business finance (ASWINI - AN160118)

10. Summarize the cost to know the budget. (Siti Nur Syakirah AN160099)

11. Other cash requirements (muhamad fitry bin abdul jalil AN160031

11.1. Deposit for facilities such as utilities, business space (Muhammad raziq bin mohd rosli AN160245)

11.2. preliminary expenses such as expenses before start the business including; license registration, legal fees etc. (muhammad raziq bin mohd rosli AN160245)

12. Reevaluate and revise the plan you make. (Adam Mustaqim B. Azman-AN160022)

12.1. When life events affect your financial need, this financial planning process will provide a vehicle for adapting to those changes. Regularly viewing this decision-making process will help you make the priority adjustments that will bring your financial goals and activities in life with your current life situation. (Adam Mustaqim B. Azman-AN160022)

12.2. Financial planning is a dynamic process that does not end when you take a particular action. You need to regularly assess your financial decisions. Changing personal, social and economic factors may require more frequent assessments. (Adam Mustaqim B. Azman-AN160022)

13. Depreciation of fixed assets will be calculated in the profit and loss statement but not in the cash flow statement- syuhaimi

13.1. Interest will only be calculated as monthly expenses and included in the profit and loss statement-syuhaimi

14. CHAN KHAI WEN (AN160216) 2.WORKING CAPITAL -PRODUCTION/OPERATION EXPENSES (cost to produce business products) -ADMINISTRATIVE EXPENSES (associated with the company's management but not involved in production) -MARKETING/SALES EXPENSES (associated with selling products and services

15. Loan amortization is the distributiom of a single lump-sum cash flow into many smaller cash flow installments, which is determined by an amortization schedule. (Wong Teng Fung an160205)

16. value of an asset depreciates over time. The amount per year or month is calculated It is based on life expectacy of the assets. (AIDA SYAMIRA BT MOHD KAMAL AN160067)

17. Step 2 : Loan amortisation (Huan Chen Yang AN160215)

17.1. 2. Always make sure profit of product higher than loan. example: income of selling product always higher than loan of product for every month. (Amirul Aiman Bin Baharudin AN160052)

17.2. Balance Sheet Format (JIVASHINI -AN160185)

17.2.1. Step 4 :cash flow projection (wong Kar kit AN160221) Definition : estimated total cash inflow, cash outflow and balance of cash at the end of the day, week or month (Low Chu Xen AN160238)

18. Step 1: Project Implementation Cost and Sources of Fund (Faridah binti Mokhtar AN160042)

18.1. Purchasing of fixed asset (NURUL AMIRA BINTI AB RAZAK AN160111) 1) Fixed asset (Asset used to generate revenue) ex: cars,building,machines 2) Non-current assets (costs incurred for purchase of fixed assets) ex: the cost of modifying the fixed assets


19.1. By comparing the inflow and outflow of cash ( Nurul Syuhada Binti Ahmad AN160187)

20. TYPES OF FINANCIAL PLANNING Nur Izzati Nadhirah Binti Nazarudin (AN160120)

20.1. 1) Cash flow Planning

20.1.1. Predict short and long term expenses against the projected cash flow.

20.2. 2) Investment Planning

20.2.1. Based on amount of savings.

20.3. 3) Insurance Planning

20.3.1. Dependent on individual lifestyle. Eg: someone who likes travelling should opt for a travel insurance in case there are unexpected incidents during travelling.

20.4. 4) Retirement Planning

20.4.1. Start saving and invest early to avoid compromising with standard of living during retirement.

20.5. 5) Tax Planning

20.5.1. Help to maximize finance saving through benefits of exemptions of paying taxes and reduce taxes.

20.6. 6) Real Estate Planning

20.6.1. Low risk and high return investment option.

21. video of financil planing: What is Financial Planning? How can you start? norhanifah halim an160068

22. second video Financial Planning - The most important financial rule for entrepreneurs Norhanifah an160068