Financial planning in project oriented companies: classification and preparation

Financial plans are presented as a combination of following elements: cash, assets, expenses, income, liabilities and capital. Depending on ability to predict amounts of these elements financial planning is determined as long-, medium- and short-term. It is suggested to combine assets and expenses into the term «costs»; income, liabilities and capital - into the term «finance sources». Use of these terms will help to calculate future financial needs in a more efficient way.