Assessing feasibility of financial planning

A basic component of financial budgeting is the forecast of capital requirements and liquidity. Financial budgeting is crucial to save the solvency of a business. Inadequately protected solvency can lead to insolvency of the business since illiquidity or impending illiquidity count as facts, which according to the bankruptcy act compulsorily lead to a file for insolvency. In the context of financial budgeting any expected future payments are contrasted to reveal a breach of liquidity as soon as possible and arrange measures duly to protect the liquidity of the business.

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Gert Nacken

Gert Nacken

Business graduate, Master of Social and Work Psychology, Master of Arts Auditor, Tax Accountant

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Martin Kowol

Martin Kowol

Master of Laws, Auditor, Tax Consultant

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