A financial strategy refers to a business or individuals approach to managing and using financial resources to achieve goals. It involves planning and decision-making related to investment, budgeting, fundraising, cost management, forecasting future financial scenarios, and managing financial risks .
Financial modeling is a technique used in finance to forecast the future performance of a company. It involves combining accounting, finance, and business metrics to create a forecast of a companys future results. Financial models are used to estimate the valuation of a business or to compare businesses to their peers in the industry. They also are used in strategic planning to test various scenarios, calculate the cost of new projects, decide on budgets, and allocate corporate resources .
trategic financial modeling is the act of creating a national framework that shows where a companys financial status will be at some point in the future. It is based on data acquired from financial accounts and market research in the actual world .