Financial Plan as a Tool for Financial Planning of the Bank Activities
Journal Title: Проблеми економіки - Year 2014, Vol 2014, Issue 2
Abstract
The purpose of the article is to study the process of formation of a financial plan as a tool for financial planning of the bank activities. Analyzing, systematizing and generalizing scientific works of many scientists and economists the essence of the financial plan of the bank, its structure and features of the formation (composition) were considered. The study focuses on eight main stages of the formation of the bank's financial plan, including: the selection of the study; payment scorecard evaluation of the current financial condition of the bank by groups of coefficients (financial stability, business activity, liquidity and management effectiveness (profitability)); identification of relevant indicators of evaluation of the current financial condition of the bank in the context of the proposed groups; Estimation of financial planning activities of the bank; determine the competitive strategy of the bank; formation (definition) of purposes; process of making the financial plan of the bank; definition and justification of possible ways to achieve the targets set by the bank's activities. It is proved that the proposed sequence of steps can reliably and objectively assess the economic environment of the bank, to identify the advantages and disadvantages of its activities, to establish such targets of the bank, the achievement of which is potentially possible.
Authors and Affiliations
Svitlana Kyrkach
Keywords
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