Financial plan

 

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Financial plan

A blueprint relating to the financial future of a firm.



Financial plan

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Nonfinancial assets

Nonfinancial assets

Physical assets such as real estate and machinery.


Financial press

Financial press

Media devoted to reporting financial news.


Financial Accounting Standards Board (FASB)

Financial Accounting Standards Board (FASB)

Board composed of independent members who create and interpret Generally Accepted Accounting Principles (GAAP).


Financial adviser

Financial adviser

A professional person qualified to give advice to clients regarding investments such as life insurance, pensions, mutual funds/unit trusts and taxation etc.A financial adviser may charge a fee and/or receive a commission on a product recommended. In the UK a financial adviser is either independent - an independent financial adviser (IFA) - or a company representative (tied agent).An IFA is free to recommend products from a number of companies and his selection will be based on which company and product best suits the needs of the client. A company representative is authorised to recommend only the products of the company he represents, so his advice is inevitably and quite properly limited.


Financial strategy

Financial strategy

Practices a firm adopts to pursue its financial objectives.


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