scholarly journals Influence of School Board of Management Ability on Financial Planning Process in Public Primary Schools in Tharaka South Sub-County, Tharaka Nithi County, Kenya

2021 ◽  
Keyword(s):  
School Board ◽  
Financial Planning ◽  
Primary Schools ◽  
Planning Process ◽  
Management Ability

scholarly journals BUDGETING IN INDUSTRIAL ENTERPRISES

2021 ◽  
Vol 2021 (1) ◽  
Author(s):  
Ya. Samusevych ◽  
A. Temchenko
Keyword(s):  
Financial Planning ◽  
Financial Management ◽  
Planning Process ◽  
Minimum Cost ◽  
Cost Effective ◽  
Planning Stage ◽  
Industrial Enterprises ◽  
Planning And Control ◽  
Rational Organization ◽  
Internal And External Factors

The key to successful and cost-effective activities of enterprises is the rational organization of the planning process, which concerns financial indicators and involves writing budgets. The article summarizes the theoretical and practical aspects of the organization and implementation of budgeting in industrial enterprises. The study of approaches of different scholars to the interpretation of the essence of the concept of budgeting allowed defining it as a complex economic process of the management cycle. It is developed at the discretion of the enterprise by determining the amount and composition of the costs of individual units of the entity and ensuring coverage of these costs by the resources of the enterprise to achieve the ultimate goal of the entity – to obtain maximum profit at minimum cost, taking into account both internal and external factors. The role of budgeting for industrial enterprises, its main purpose, the list of entities involved in budgeting, as well as the fundamental criteria for budgeting were clarified. Based on the generalization of a number of the most important criteria for the company, the possible types of budgets as well as their advantages and specifics of use depending on the objectives of the entity were generalized and described. The analysis of the basic stages of budgeting which are carried out in the course of activity of the is enterprise carried out, terms of writing and representation of budgets on an example of the monthly, quarterly and annual financial period are considered. It is determined that the budgeting system is a tool of internal financial planning and control, which significantly increases the efficiency of financial management of the enterprise, preventing the irrational use of financial resources both at the planning stage and at the stage of control over their use. Given the lack of established norms and rules for budgeting in the enterprise, optimizing the organization of the budgeting process and the effectiveness of financial planning are the tasks of the internal system of corporate governance.

Issues Of Managerial Accounting Methodology

2012 ◽  
Vol 4 ◽  
Author(s):  
Barulina E.V ◽  
Barulina M.S
Keyword(s):  
Financial Planning ◽  
Planning Process ◽  
Management Accounting ◽  
Process Research ◽  
Financial Accounting ◽  
Added Value ◽  
Economic Interest ◽  
Managerial Accounting ◽  
Economic Costs

This article deals with management accounting, its role and objectives during financial planning process. Research of on American, German and Russian scientists are also considered. Author formulates his own definitions of aims of management accounting, highlighters that object of financial accounting have to include economic costs, economic revenue and economic added value, economic interest. More  over Author defines methods of managment accounting.

scholarly journals FINANCIAL ACCOUNTING TOOLS ON DIFFERENT STAGES OF FINANCIAL PLANNING

2020 ◽  
Vol 4 (24) ◽  
pp. 89-96
Author(s):  
Alla Fatenok-Tkachuk Alla
Keyword(s):  
Financial Planning ◽  
Process Management ◽  
Planning Process ◽  
Financial Accounting ◽  
Planning Period ◽  
Investment Activity ◽  
Analytical Work ◽  
Group Information ◽  
Work Planning

The article actualizes the expediency of accounting support of the financial planning process in order to minimize costs. Accounting procedures are identified at each stage of financial planning. It was systemized the accounting registers, which are used to group information about the assets and liabilities of the enterprise during the reporting period. Such information is used in analytical work, planning, budgeting and business process management. In each group of registers was identified information that can be used in financial planning. The forecast indicators of the plan of incomes and expenses from operational, financial and investment activity of the enterprise were systematized. Emphasis is placed on the expediency of forming a plan of cash receipts and expenditures in order to monitor the provision of solvency at all stages of the planning period. It was carried out the classification of forecast indicators of the plan of receipts and expenditures of cash in the context of indicators of operating, investment and financial activities. Moreover it was performed the analysis of the structure of the balance of monetary resources as the final document of the current financial plan.

Psychological Aspects of Financial Planning

2017 ◽  
Author(s):  
Dave Yeske ◽  
Elissa Buie
Keyword(s):  
Financial Planning ◽  
Planning Process ◽  
Employee Benefits ◽  
Investment Planning ◽  
Integrated Strategies ◽  
Interdisciplinary Practice ◽  
Strategic Process ◽  
Financial Planners ◽  
Unique Domain ◽  
Personal Financial Planning

This chapter discusses personal financial planning, which is an interdisciplinary practice that employs a six-step process to develop integrated strategies for individuals and families to efficiently mobilize their human and financial capital to achieve their life goals. Financial planning draws from various disciplines, including counseling, psychology, finance, economics, and law. It includes budgeting and cash flow planning, risk management, insurance planning, investment planning, retirement and employee benefits planning, tax planning, and estate planning. The strategic process whereby financial planners develop integrated strategies that draw from all these fields in pursuit of client goals is the profession’s unique domain. Heuristics and mental biases to which clients may be prone overlay the entire financial planning process, however. Financial planners should understand and consider these issues when developing recommendations uniquely suited to each client, maximizing the probability that the client will embrace and implement the recommended strategies.

Exploring Relationships Between Technology Use and Time Spent in the Financial Planning Process

2019 ◽  
Author(s):  
Meghaan Lurtz ◽  
Derek Tharp ◽  
Kate Mielitz ◽  
Michael Kitces ◽  
D. Allen Ammerman
Keyword(s):  
Financial Planning ◽  
Technology Use ◽  
Planning Process

Integrated Business Planning Process: Link Between Supply Chain Planning and Financial Planning

2021 ◽  
pp. 149-158
Author(s):  
Mohamed Haythem Selmi ◽  
Zied Jemai ◽  
Laurent Gregoire ◽  
Yves Dallery
Keyword(s):  
Supply Chain ◽  
Financial Planning ◽  
Planning Process ◽  
Business Planning ◽  
Supply Chain Planning

scholarly journals Relationship between the perceived effects of the implementation of strategic planning process and head teachers' performance in public day primary schools in Kericho County of Kenya

2021 ◽  
Vol 19 (2) ◽  
pp. 167-176
Author(s):  
J.K. Kibett ◽  
J.G. Manduku ◽  
William Kiprotich Chepkwony
Keyword(s):  
Strategic Planning ◽  
Random Sampling ◽  
Primary Schools ◽  
Planning Process ◽  
Pearson Correlation ◽  
Sampling Technique ◽  
Research Approach ◽  
Head Teachers ◽  
Strategic Planning Process ◽  
Perceived Effects

The purpose of this study was to investigate the relationship between perceived effects of the implementation of strategic planning process and head teachers’ performance in public day primary school in Kericho County of Kenya. The study used an ex-post-facto research design. The research approach used was quantitative and qualitative. The target population comprised of 524 head teachers of public primary schools in Kericho County. The research instruments used to collect the data were questionnaires and interview schedules. A sample of 227 headteachers and Six (6) Sub County Directors was obtained using Stratified Random Sampling and Purposive sampling technique respectively. Data was collected using a questionnaire that was developed by the researcher. Simple random sampling technique was used to select schools in each sub County. A pilot study was done on 23 headteachers who were not included in the final study to determine reliability of the research instruments. Cronbach alpha formula was used to determine reliability coefficient. A score of 0.7 and above was deemed acceptable. Data was analysed for descriptive statistics (frequencies and percentages) and inferential statics (Pearson correlation and Regression analysis). The results were presented in form of tables and figures. The results show that implementation of strategic planning process did not have a statistically significant relationship with head teachers’ performance in primary day schools in Kericho County. There was a positive correlation between results of strategic planning process and head teachers’ performance at (r = 135; p = 0.056).

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