Under financial planning, we help to determine a company's current worth and future business capabilities. Our responsibilities include assessing financial data to provide projections for a company and assist it in making educated and right choices. Apart from managing financial analysis, here is a list of responsibilities that we may undertake:

• Conduct financial planning, forecasting and budgeting. Planning, budgeting and forecasting are three key steps that can help determine and strategise a company's short and the long financial objectives.
  
  
• Evaluate current investment and assets. Evaluating organisations' current investments and assets by studying their cash flow statements, income statements and balance sheets.
  
  
• Create a financial model. A firm creates a financial model to summarise its earnings and expenses conveniently to calculate the impact of a future event or decision.
  
  
• Create variance analysis reports. Variance is the difference between the planned outcome and the actual outcome project in the budget. Comparing past accomplishments to budgets and projections and doing variance analysis to explain discrepancies in performance and achieve future improvements.
  
  
• Determine financial health. Determining the company's financial health using important financial statistics, such as the debt-to-equity ratio.
  
  
• Evaluate the cost-efficiency. Studying and analysing the cost-efficiency of each department of the organisation based on the company's overall financial resources that each department utilises.
  
  
• Create a corporate budget. Collaborate with various departments to prepare individual budgets for them and then consolidate these individual budgets into one overall budget for the organisation.
  
  
• Identify profit-making sources. Identify products or services which have the highest profit margin and which products generate the most profit and also determine which products contribute the most to the organisation's net profit.
  
  
• Recommend strategies. Recommend to management ways for improving financial performance and maintaining financial models and provide precise projections of the company's future activities.
  
  
• Prepare reports. Prepare detailed reports for the top management and assist them in making strategic and financial decisions. Plan for future growth, including capital spending, investments and expenditures and generate financial projections for the next five years.