Strategic planning for financial modelling is a financial forecasting tool that provides a framework for business decisions and usually involves business process reengineering. The forecast is typically based on the company’s historical performance, assumptions about the future and requires preparing an income statement, balance sheet, cash flow statement. Since almost all financial models will aid in decision-making within a variety of assumptions and forecasts, an effective model with comprehensive strategic planning and financial planning will allow users to easily modify and sensitize a variety of scenarios and present information in a variety of ways.