| Commentary

145.4 The financial plan

| Commentary

145.4 The financial plan

The information provided in a financial plan should include:

  1. 145.3.1

        a detailed list of start-up costs;

  2. 145.3.2

        projected budget statements prepared on a monthly basis to show expected income and expenditure, and cash flow1;

  3. 145.3.3

        profit projections2; and

  4. 145.3.4

        other potential sources of financing3.

The forecasts contained in the financial plan should usually run for the first three (or even five) years, with the first 12 months’ forecasts containing the most detail, and the plan should explain the assumptions relating to both costs and revenues behind the projections to enable

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