How are business plans used and integrated in grown businesses to effectively support top management decision-making in terms of monitoring for insolvency triggers? To answer this question, the paper starts defining relevant terms and the conceptual background referring to management information systems, business planning and corporate insolvency. Afterwards, it captures how business plans should be tailored according to the top management’s needs based on the management information system. Ultimately, the paper’s target is to show the implications of business planning and critically discuss how business plans can support the top management in establishing the financial plan required for monitoring insolvency triggers.
TABLE OF CONTENTS
LIST OF ABBREVIATIONS
LIST OF SYMBOLS
LIST OF FIGURES
LIST OF TABLES
1 Introduction
2 Definitions and conceptual background
2.1 Definition and delimitation of management information systems
2.2 Definition and delimitation of business planning
2.3 Basic structure and chosen sections of business plans
2.4 Definition and delimitation of insolvency
2.5 Triggers to open insolvency proceedings
3 Implications for monitoring insolvency triggers using business plans
3.1 Chosen reasons for corporate insolvencies
3.2 Management information systems as a first source
3.3 Tailoring of business plans and relevance of financial planning
3.4 Monitoring insolvency triggers using financial planning elements
3.4.1 Control for illiquidity
3.4.2 Control for overindebtedness
3.4.3 Control for imminent illiquidity
3.5 Need for integrated financial planning as best practice
4 Conclusion
Appendix
LIST OF REFERENCES
LIST OF APPLIED STANDARDS AND JURISDICTIONS
- Quote paper
- Anonymous,, 2017, The preparation of business plans and their use in monitoring insolvency triggers, Munich, GRIN Verlag, https://www.grin.com/document/421068
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