Home / CPD Modules / Business / Financial Plan and Product Development
A financial plan is an inclusive evaluation of the existing and future financial state of an investor by using presently known variables to predict the future cash flows, withdrawal plans and asset values.
Mostly people work in conjunction with a financial planner and use the tax liabilities, current net worth, asset allocation, estate plans and future retirement to develop financial plans.
In product development different products are created or developed with unique characteristics which may give additional benefits to the consumers. The product development may involve the amendment process in the existing product or its presentation or the formulation of a totally new product which satisfies the new needs of the customers.
This insightful tutorial takes a detailed look at the innovation development process and financial plan implementation in business. It also addresses the most fundamental building blocks for financial statements and statement of retained earnings. It also describes the product development process, income statement and the balance sheet including a look at cash flow statement.
.After the completion of this course learners will be able to:
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This is a standalone course and assumes no prior knowledge.
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