A financial plan is a document that outlines, in financial terms, where we are now, where we want to be down the line, and ideas and strategies on how to get there. And it tends to be a little more fleshed out than, “Step One: Make a bunch of money; Step Two: Be rich.” A financial plan usually includes a rough timetable, retirement plans, asset valuations, considerations of future expenses (like that PhD we’re so totally going to get one of these days), and anything else that can impact our financial world.
As things change (like when we decide we so totally do not want a PhD), our financial plan can change, too. It’s helpful to have someone in our corner, like a certified financial planner, who can help us measure how changes we make today might impact our financial future.
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Finance: What is a Consolidated Balance ...3 Views
Finance a la shmoop what is a consolidated balance sheet? okay people
this is a tale of two balance sheets it was the best of times right here and all [Lemonade stand balance sheet appears]
that cash no debt,, yeah and it was the worst of times and pretty much the
opposite and then one magical mergy day the two companies possessing these
two divergent balance sheets decided to you know merge it was a lovely ceremony [Bride and groom holding hands]
the bride wore white the groom stepped on the glass so then the balance sheets
were consolidated that is they were merged or combined or fully brought
together liabilities plus liabilities assets plus assets so the few dollars in
cash here in the worst of times balance sheet
well that was tacked on to the cash in the best of times balance sheet and the
same happened with long term liabilities and short and eventually after the
wedding night was you know consummated these two balance sheets had merged and [Man and girl standing by their lemonade stands]
consolidated and looked like this and that's what happens when companies merge
everything including their balance sheets consolidate let's hope they
generate lots of tiny cash flows and credits in the future....Mazel Tov
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