The document provides an overview of various components of personal finance including financial statements, tax planning, adequate protection in bankruptcy, investment goals, and estate planning. It emphasizes the importance of understanding financial positions through balance sheets, cash flow, and income statements, alongside strategies for tax efficiency and estate management. The aim is to equip individuals with the knowledge to effectively manage their financial situation and future planning.

1. FINANCIAL
SYSTEM

2. PERSONAL FINANCE OVERVIEW
FINANCIAL SYSTEM
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Financial
position
Tax planning
Adequate
protection
Estate
planning
Investment and
accumulation goals
Retirement
planning

3. FINANCIAL SYSTEM
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A company's financial statement is used to show a company's performance over a certain period of time, generally every fiscal quarter. The financial statement really consists of
three different statements: balance sheets, cash flow statements and income statements.
FINANCIAL POSITION
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The status of the assets,
liabilities of an
organization, as reflected
in its financial statements.
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A Company's financial
position also includes
shareholder equity.
Overall financial position
summy forms the most
basic part of accounting
Financial statements are
all important and serve as
financial scorecard and
tool for future planning.
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4. 4
FINANCIAL SYSTEM
ADEQUATE PROTECTION
Adequate protection is the
concept that secured creditors
deserve assurance that their
interest in collateral is protected
in bankruptcy from loss of value
Lack of adequate protection can
be grounds for relief from the
automatic stay.
This practice note provides a
background on the bankruptcy
remedy of adequate protection
Adequate protection is required
under section 362, 363 r 364 of
this title of an interest of an
entity in property.

5. FINANCIAL SYSTEM
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Tax planning is the analysis of one’s financial situation from a tax efficiency point of view so as to plan one’s finances in the most optimized manner. Tax planning allows a taxpayer
to make the best use of the various tax exemptions, deductions and benefits to minimize their tax liability over a financial year. Tax planning is a legal way of reducing income tax
liabilities, however caution has to be maintained to ensure that the taxpayer isn’t knowingly indulging in tax evasion or tax avoidance.
TAX PLANNING
Tax planning is the analysis
of one's financial situation
from a tax efficiency.
Benefits to minimize
their tax liability over a
financial year.
Tax Planning can be
understood as the activity
undertaken by the assessee
to reduce the tax liability
While dealing with finances, you
may have heard some unknown
terms which you might ...
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Tax planning allows a taxpayer to
make the best use of the
various tax exemptions, deductions
Tax planning allows a taxpayer to
make the best use of the
various tax exemptions, deductions
By making optimum use of all
permissible allowances
Tax Evasion, Tax Avoidance
And Tax Planning: What's
The Difference
TAX

6. FINANCIAL ICONS
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INVESTMENT AND ACCUMULATION GOALS
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The key to successful wealth accumulation is to
set clearly defined and realistic goals
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2 Must be SPECIFIC with dollar amounts,
dates, and resources to be used in
accomplishing the goals
Objective thinking about investing and
addressing issues, opportunities, hopes
... into your wealth accumulation plan to
simplify and optimise financial realities

7. ESTATE PLANNING
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FINANCIAL ICONS
Estate planning is the
process of anticipating
and arranging, during a
person's life, for the
management and
disposal of that
person's estate during
the person's life and at
and after death, while
minimizing gift,estate,
generation skipping
transfer, and income tax.
Estate planning is the
preparation of tasks that
serve to manage an
individual's asset base in
the event of their
incapacitation or death.
The planning includes
the bequest of assets to
heirs and the settlement
of estate taxes.
Most estate plans are
set up with the help of
an attorney experienced
in estate law.

8. THANK YOU
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