:N�� Financial planning and statergy is the process of meeting your life goals through the proper management of your finances. /Interpolate true << /XObject >> }w�^m���iHCn�O��,� ���׋[x��P#F�6�Di(2 ������L�!#W{,���,� T}I_��O�-hi��]V��,� T}��E�u H�\�͊�0��~ Title: review of literature financial planning and … /G 13 0 R The comprehensive process of financial planning can be elucidated with the following steps Step 1: Asses Current Situation: The financial plan clarifies the customer’s present situation by collecting and assessing all relevant financial information, including net worth and cash � stream Financial Planning is the process of estimating the capital required and determining it’s competition. Applicability of the Practice Standards A financial planning professional should always consider all aspects of the client’s financial situation in Monitor the Plan. << He added that "Initially, we remain conservative and gradually increase risk in the investor's portfolio to make it more … Financial Planning using Excel 6 when the key players responsible for the forecasting process change. .#ai;G�ͪ(���]�8��Hd���10��e*���W�������z�d�N:/� ]>M%��O��Z�.��OM�?���:�/-5SWz�ل���+�^$��`��c�Q��#GsZPI��iC��`G��DG�����A��aU�~��4y�p�yNd(�0q���Xn�U]݈ѹ������l�t�����s9�W�ʨ7���)�Ρ&Ǿv~����.�MX)����b�+�������o\6mpx)o�.־��n�l�e��|�r�3`0]e�l�����ϡ�bo!�p��Q�-Q�ۼ�� ��輂.a�����E1�f�w���/����/�b�%!�J}6ν݈I�2���]^��`4����q�q��(��ݹ�|q�Mz�ϋ���ts�J5/�i�Z�خ�����jF6�ኍcߧ��1����^ш�JzMo���9]PN�hJ�@�+Ф����U�˚>�2M �G��>і���ʻ��]x��x�Fo����36�ɭlzү��Q*9@)e�[8�ʩ��.���\�J}C(-�"��*J�O(>�ߒʴϿ �,�w�^$w�t��̏aP��Ix������fx �9|-Iv�;�()�/�KymdǴ��x�%6���}�N��v������� ��r���|���,���{b�����P��>���nݟ5��g�0��ǃ�o��On�������{+ް� yLyu �%� ��yԂC��A%� x'��]�*46�� �Ip� �vڵ�ǒY Kf p��'�^G�� ���e:Kf P����9�"Kf ���#��Jߗu�x�� ��L�lcBV�ɽ;���s$#+�Lm�, tYP ��������7�y`�5�];䞧_��zON��ΒY \t��.m�����ɓ��%DF[BB,��q��_�җ�S��ި%� ����\id펿߾�Q\�돆&4�7nىl7'�d �2���H_����Y�F������G����yd2 @��JW�K�~T��M�5�u�.�g��, gԼ��|I'��{U-wYC:޹,Mi�Y2 �i��-�. Financial Planning has got many objectives to look forward to: /Type /XObject It is typically done for 3-5 years-broad in scope and generally includes long-term investment, growth and financing decisions. It is your choice to do it by yourself or get it done by a financial planner. This note covers the following topics: Financial Goals and strategy, Managerial Implications of Share holder Value creation, Financial Strategy for Capital Structure, Capital Structure Planning and Decision Making, Dividend Policy and Value of The Firm, Dividend Policy and Valuation of Firms, Lease financing and Hire Purchase, Financial … Financial Planning is the process of evaluating and managing the utilization of financial resources optimally for the achievement of an organization’s goals and objectives. Financial Planning for Small Business is designed to provide an introduction to the basics of financial planning. /Length 1076 /ca 1 /BBox [0 0 456 455] x�+� T(�2�331T015�3� S��� >> /Subtype /Image /Height 3508 /ExtGState /CA 1 endobj -g�"�;c�$3�Eh�pl%54�Q�E޾::a /Subtype /Form /a0 Once such opportunities get recognized the managers can recognize the actions that need to be taken to realize them. /Type /XObject 9 0 obj 1 0 obj Strategic Financial Management by Calicut University. +�P�H(���J4�Dh��0���l�)�$1Z%�Ģ�"6 >> << After reading this article you will learn about Financial Planning:- 1. 4 0 obj /Filter /FlateDecode Financial planning is more than just investment. x���1  �O�e� ��� T(�2P�01R0�4�3��Tе01Գ42R(JUW��*��)(�ԁ�@L=��\.�D��b� >> /Length 1076 /BitsPerComponent 1 << /Type /XObject << x�+� h��V�nI��~���67 !�Y��pv�����n�#�3�f�~����ܜ"$k�՗:U]է��4B >> Financial Planning “Failing to Plan is Planning to Fail” Need for Personal Financial Planning Misconceptions about Financial Planning Milestones in One’s Life Planning for a Lifetime Financial Planning Process Macro Economic Factors that have Influence on Personal Financial Planning Personal Financial Statements Income and … /BBox [0 0 456 455] For you, Financial Planning might involve putting /Width 2480 /Length 82 stream But, have a plan. /Resources GAIL is in the process of forming state-wise Joint Ventures with oil ... planning; n Explain the limitations of planning; n Analyse the steps in the planning process; and n Identity the different types of plans. x�+�215�35S0 BS��H)$�r�'(�+�WZ*��sr � stream The methods of production, marketing devices, consumer preferences create new demands every time. TABLE OF CONTENTS Chapter No. /Interpolate true /ColorSpace /DeviceGray /ca 1 It's called "financial planning" for a reason: Plans evolve and change just like life. Financial planning is the task of determining how a business will afford to achieve its strategic goals and objectives. Objectives of Financial Planning. This chapter introduces the financial planning process and is the first chapter in the four-chapter section entitled " Part 1: Financial Planning. " << /S /Transparency 402 0 obj <>/Filter/FlateDecode/ID[<7D9856BB01CA47A9928BC5E78A354E92>]/Index[353 101]/Info 352 0 R/Length 164/Prev 1084621/Root 354 0 R/Size 454/Type/XRef/W[1 3 1]>>stream /Filter /FlateDecode h�b```b``�d`g`�eb@ !V�(GT��& �n>ϐ]zz�'#�V�� � �4��F_+�k������d���v����V;6�6(8;9�4bw�+�m=3n�>(��8�;�p��n��3�_��(�� �5)nY�{�}Zw43)/��ĉ�W�{r��3\��3�K�mu�`��w�lg��Nxf��f��l�9����K��}L���mv�]j��u���%�y�bʜe��;%{������;fb'�+k5�*H��m8y��Yd��&�b'���Qe\uOc��������A4�ɜc�� ��,�FHI�&�� (�V�������QI�j /ExtGState /AIS false /Filter /FlateDecode << /ColorSpace /DeviceGray An important part of the planning process is to be aware of the business opportunities in the firm’s external environment as well as within the firm. >> endstream Financial planning is an ongoing process in which it’s essential to monitor the progress of your investments within the context of your goals and periodically review all relevant information. /x14 6 0 R /CA 1 "Still, we don't strictly go by what the results show and over a period of time we conclude what the person's risk appetite is," said Oberoi. << /Length 56114 endobj << /Subtype /Image /Type /XObject In the first instance, well before you start writing the plan, you should make a list of all the things that you could possibly need in order to make your business a success. /Height 1894 /BitsPerComponent 1 >> /CA 1 >> /Resources 11 0 obj The output from financial planning takes the form of budgets. /FormType 1 Strategic Financial Management by Calicut University. Financial Planning is the process of meeting your life goals through the proper management of your finances. 6 financial planning process 10 the power to change lives 13 resources 14 the stethoscope and the importance of coaching 16 client meetings 17 discovery & planning 18 marketing 20 the client experience 23 lifetime cash flow modelling 26 what it takes to be a good financial planner 27 (why) don’t all financial advisers do it this way? Establish and define the relationship with the client. << endobj Financial planning is a continuous process of directing and allocating financial resources to meet strategic goals and objectives. endobj The financial planning professional informs the … endstream endobj 357 0 obj <>stream /S /Alpha >> stream /Length 63 The incorporation of new changes … x���  �Om �i�� Financial planning helps consumers determine whether they are on track to meet their goals and outlines their path to overall financial success. 7 0 obj endstream << Financial planning is the process of achieving your life goals by using different investment options with your current resources through proper and disciplined money management. Below is the power point presentation (PPT) on the basics of Financial … 5 0 obj 8 0 obj /SMask 11 0 R organisations can seamlessly link top-down, strategic targets to financial and operational forecasts and report performance against such targets. << /Type /XObject endstream endobj startxref It may become necessary to adjust the particular components of your plan in light of changing circumstances and evolving objectives. >> >> Financial Management Process PDF: This is just the basic of all the different types of financial management process but there are lot more processes for different projects and companies. 3 0 obj This method of forecasting does not usually require much mathematical input and therefore a spreadsheet will play an accompanying role as opposed to a central role. << /x5 3 0 R >> /BBox [0 0 595.2 841.92] 453 0 obj <>stream /Length 106 353 0 obj <> endobj /CS /DeviceRGB The Financial Planning Process Financial planning consists of six fundamental components – Financial Management, Tax Planning, Asset Management, Risk Management, Retirement Planning and Estate Planning. endstream /CA 1 /XObject >> /Height 3508 %%EOF ChapTeR 2: planning for your system’s financial future 11 ChapTeR 3: annual operating budgets 14 ChapTeR 4: Oversight and monitoring of financial performance 19 Monitoring the annual budget 19 Standard financial statements 21 The balance sheet 21 ... process. /Matrix [1 0 0 1 0 0] /BitsPerComponent 8 endstream endobj 354 0 obj <>>> endobj 355 0 obj <>/ExtGState<>/Font<>/ProcSet[/PDF/Text/ImageC]/Properties<>/XObject<>>>/Rotate 0/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 356 0 obj <>stream /a0 >> >> /Width 1894 /Type /ExtGState 12 0 obj %PDF-1.5 >> The foundation for Budgeted Financial Statements is Detail Budgets. The earlier you start, the sooner you can enjoy the benefits – and the more time you have to grow your savings. /ca 1 /Type /Group This note covers the following topics: Financial Goals and strategy, Managerial Implications of Share holder Value creation, Financial Strategy for Capital Structure, Capital Structure Planning and Decision Making, Dividend Policy and Value of The Firm, Dividend Policy and Valuation of Firms, Lease financing and Hire Purchase, Financial … So Financial Planning is not only about money, but it is all about life, about fulfilling your wishes, dreams, aspirations and your enjoyment in achieving them. The initial interaction and establishment of Financial Planner & Client Relationship. 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financial planning process pdf

<< Need of Financial Planning 2. /x6 2 0 R 6 0 obj /s13 7 0 R The most widely used form of budgets is Pro Forma or Budgeted Financial Statements. Limitations. >> The Financial … /Subtype /Image /Filter /FlateDecode /a0 2 0 obj << /BBox [0 0 596 842] endobj For example: Unit Financial Management Process, Credit Flows Financial Management Processes, Integrated Logistics Analysis Process, End-of-Year Financial Review Process and many more. /Height 1894 Detail ... we recognize that financial statement audits performed under the Chief Financial Officers (CFO) Act of 1990 would ... is this comprehensive discussion of the audit process. It is the process of framing financial policies in relation to procurement, investment and administration of funds of an enterprise. A comprehensive rate study shall be completed at least every five years or when major projects and/or expenses are anticipated to occur. << << /x19 9 0 R @�Svgvfv�����h��垼N�>� _���G @}���> ����G��If 0^qd�N2 ���D�� `��ȒY �VY2 ���E�� `$�ȒY �#�,� �(�ȒY �!Y2 �d#Kf �/�&�ȒY ��b�|e�, �]Mf 0� �4d ӐY LCf 0 � �4d ӐY LCf 0 � �4d ӐY LCf 0 � �4d ӐY LCf 0 � �4d ӐY LCf 0 � �4d ӐY LCf 0 � �4d ӐY LCf 0 � �4d ӐY LCf 0 � �4d ӐY LCf 0 � �0A֠؄� �5jФNl\��ud #D�jy��c&�?g��ys?zuܽW_p�^2 �^Qջ�3����3ssmBa����}l˚���Y tIhyכkN�y��3�%8�y� endstream endobj 358 0 obj <>stream A realistic look must be taken at the prospect of these new opportunities and SWOT analysisshould be done. << /Filter /FlateDecode stream << /ExtGState endobj /Width 1894 endobj ������, �� U]�M�G�s�4�1����|��%� ��-����ǟ���7f��sݟ̒Y @��x^��}Y�74d�С{=T�� ���I9��}�!��-=��Y�s�y�� ���:t��|B�� ��W�`�_ /cR C� @�t������0O��٥Cf��#YC�&. /Resources 4 0 R endstream /Type /XObject Description Page No. endobj Topics such as, project appraisal, financial planning, portfolio management and securities analysis, working capital management and capital budgeting decisions, strategic management, business policy; strategic analysis & planning have been written keeping in view the financial and strategic management principles ... Capital Budgeting Process; Techniques of Capital Budgeting- Discounted and Non- … /Resources 5 0 R {xl��Y�ϟ�W.� @Yқi�F]+TŦ�o�����1� ��c�۫��e����)=Ef �.���B����b�nnM��$� @N�s��uug�g�]7� � @��ۘ�~�0-#D����� �`�x��ש�^|Vx�'��Y D�/^%���q��:ZG �{�2 ���q�, endobj Objective forecasts An objective or quantitative approach to forecasting requires a :W��6^")�!���ȸ����\6XZ��Hb:)�Y�wS[ 6 b���4 �0��͢9��Us] I��;:�؎ �&p^mo�P��{:p8�����%�0-#�$��4k7����$C�����cd���Т7�vE���@�ߡ��Ѭ�V��]O��2#g�1Ƚ6f�Ø��-�f�%��u�Ͷx�)��l�NZ"̎p]0����Km7/�P�?�m�������m˿�m�� �N���m/��{�H��8���He5��s@W*.z ��O�F��=='� ��]PHrG9-4��9��gv�`���u�}w���@��:y��@s� zؙ. /Length 50 Effective financial planning and management are vital for the successful generation, safekeeping, and use of funds to achieve program objectives. /SMask 10 0 R �,,��l��u��4)\al#:,��CJ�v�Rc���ӎ�P4+���[��W6D����^��,��\�_�=>:N�� Financial planning and statergy is the process of meeting your life goals through the proper management of your finances. /Interpolate true << /XObject >> }w�^m���iHCn�O��,� ���׋[x��P#F�6�Di(2 ������L�!#W{,���,� T}I_��O�-hi��]V��,� T}��E�u H�\�͊�0��~ Title: review of literature financial planning and … /G 13 0 R The comprehensive process of financial planning can be elucidated with the following steps Step 1: Asses Current Situation: The financial plan clarifies the customer’s present situation by collecting and assessing all relevant financial information, including net worth and cash � stream Financial Planning is the process of estimating the capital required and determining it’s competition. Applicability of the Practice Standards A financial planning professional should always consider all aspects of the client’s financial situation in Monitor the Plan. << He added that "Initially, we remain conservative and gradually increase risk in the investor's portfolio to make it more … Financial Planning using Excel 6 when the key players responsible for the forecasting process change. .#ai;G�ͪ(���]�8��Hd���10��e*���W�������z�d�N:/� ]>M%��O��Z�.��OM�?���:�/-5SWz�ل���+�^$��`��c�Q��#GsZPI��iC��`G��DG�����A��aU�~��4y�p�yNd(�0q���Xn�U]݈ѹ������l�t�����s9�W�ʨ7���)�Ρ&Ǿv~����.�MX)����b�+�������o\6mpx)o�.־��n�l�e��|�r�3`0]e�l�����ϡ�bo!�p��Q�-Q�ۼ�� ��輂.a�����E1�f�w���/����/�b�%!�J}6ν݈I�2���]^��`4����q�q��(��ݹ�|q�Mz�ϋ���ts�J5/�i�Z�خ�����jF6�ኍcߧ��1����^ш�JzMo���9]PN�hJ�@�+Ф����U�˚>�2M �G��>і���ʻ��]x��x�Fo����36�ɭlzү��Q*9@)e�[8�ʩ��.���\�J}C(-�"��*J�O(>�ߒʴϿ �,�w�^$w�t��̏aP��Ix������fx �9|-Iv�;�()�/�KymdǴ��x�%6���}�N��v������� ��r���|���,���{b�����P��>���nݟ5��g�0��ǃ�o��On�������{+ް� yLyu �%� ��yԂC��A%� x'��]�*46�� �Ip� �vڵ�ǒY Kf p��'�^G�� ���e:Kf P����9�"Kf ���#��Jߗu�x�� ��L�lcBV�ɽ;���s$#+�Lm�, tYP ��������7�y`�5�];䞧_��zON��ΒY \t��.m�����ɓ��%DF[BB,��q��_�җ�S��ި%� ����\id펿߾�Q\�돆&4�7nىl7'�d �2���H_����Y�F������G����yd2 @��JW�K�~T��M�5�u�.�g��, gԼ��|I'��{U-wYC:޹,Mi�Y2 �i��-�. Financial Planning has got many objectives to look forward to: /Type /XObject It is typically done for 3-5 years-broad in scope and generally includes long-term investment, growth and financing decisions. It is your choice to do it by yourself or get it done by a financial planner. This note covers the following topics: Financial Goals and strategy, Managerial Implications of Share holder Value creation, Financial Strategy for Capital Structure, Capital Structure Planning and Decision Making, Dividend Policy and Value of The Firm, Dividend Policy and Valuation of Firms, Lease financing and Hire Purchase, Financial … Financial Planning is the process of evaluating and managing the utilization of financial resources optimally for the achievement of an organization’s goals and objectives. Financial Planning for Small Business is designed to provide an introduction to the basics of financial planning. /Length 1076 /ca 1 /BBox [0 0 456 455] x�+� T(�2�331T015�3� S��� >> /Subtype /Image /Height 3508 /ExtGState /CA 1 endobj -g�"�;c�$3�Eh�pl%54�Q�E޾::a /Subtype /Form /a0 Once such opportunities get recognized the managers can recognize the actions that need to be taken to realize them. /Type /XObject 9 0 obj 1 0 obj Strategic Financial Management by Calicut University. +�P�H(���J4�Dh��0���l�)�$1Z%�Ģ�"6 >> << After reading this article you will learn about Financial Planning:- 1. 4 0 obj /Filter /FlateDecode Financial planning is more than just investment. x���1  �O�e� ��� T(�2P�01R0�4�3��Tе01Գ42R(JUW��*��)(�ԁ�@L=��\.�D��b� >> /Length 1076 /BitsPerComponent 1 << /Type /XObject << x�+� h��V�nI��~���67 !�Y��pv�����n�#�3�f�~����ܜ"$k�՗:U]է��4B >> Financial Planning “Failing to Plan is Planning to Fail” Need for Personal Financial Planning Misconceptions about Financial Planning Milestones in One’s Life Planning for a Lifetime Financial Planning Process Macro Economic Factors that have Influence on Personal Financial Planning Personal Financial Statements Income and … /BBox [0 0 456 455] For you, Financial Planning might involve putting /Width 2480 /Length 82 stream But, have a plan. /Resources GAIL is in the process of forming state-wise Joint Ventures with oil ... planning; n Explain the limitations of planning; n Analyse the steps in the planning process; and n Identity the different types of plans. x�+�215�35S0 BS��H)$�r�'(�+�WZ*��sr � stream The methods of production, marketing devices, consumer preferences create new demands every time. TABLE OF CONTENTS Chapter No. /Interpolate true /ColorSpace /DeviceGray /ca 1 It's called "financial planning" for a reason: Plans evolve and change just like life. Financial planning is the task of determining how a business will afford to achieve its strategic goals and objectives. Objectives of Financial Planning. This chapter introduces the financial planning process and is the first chapter in the four-chapter section entitled " Part 1: Financial Planning. " << /S /Transparency 402 0 obj <>/Filter/FlateDecode/ID[<7D9856BB01CA47A9928BC5E78A354E92>]/Index[353 101]/Info 352 0 R/Length 164/Prev 1084621/Root 354 0 R/Size 454/Type/XRef/W[1 3 1]>>stream /Filter /FlateDecode h�b```b``�d`g`�eb@ !V�(GT��& �n>ϐ]zz�'#�V�� � �4��F_+�k������d���v����V;6�6(8;9�4bw�+�m=3n�>(��8�;�p��n��3�_��(�� �5)nY�{�}Zw43)/��ĉ�W�{r��3\��3�K�mu�`��w�lg��Nxf��f��l�9����K��}L���mv�]j��u���%�y�bʜe��;%{������;fb'�+k5�*H��m8y��Yd��&�b'���Qe\uOc��������A4�ɜc�� ��,�FHI�&�� (�V�������QI�j /ExtGState /AIS false /Filter /FlateDecode << /ColorSpace /DeviceGray An important part of the planning process is to be aware of the business opportunities in the firm’s external environment as well as within the firm. >> endstream Financial planning is an ongoing process in which it’s essential to monitor the progress of your investments within the context of your goals and periodically review all relevant information. /x14 6 0 R /CA 1 "Still, we don't strictly go by what the results show and over a period of time we conclude what the person's risk appetite is," said Oberoi. << /Length 56114 endobj << /Subtype /Image /Type /XObject In the first instance, well before you start writing the plan, you should make a list of all the things that you could possibly need in order to make your business a success. /Height 1894 /BitsPerComponent 1 >> /CA 1 >> /Resources 11 0 obj The output from financial planning takes the form of budgets. /FormType 1 Strategic Financial Management by Calicut University. Financial Planning is the process of meeting your life goals through the proper management of your finances. 6 financial planning process 10 the power to change lives 13 resources 14 the stethoscope and the importance of coaching 16 client meetings 17 discovery & planning 18 marketing 20 the client experience 23 lifetime cash flow modelling 26 what it takes to be a good financial planner 27 (why) don’t all financial advisers do it this way? Establish and define the relationship with the client. << endobj Financial planning is a continuous process of directing and allocating financial resources to meet strategic goals and objectives. endobj The financial planning professional informs the … endstream endobj 357 0 obj <>stream /S /Alpha >> stream /Length 63 The incorporation of new changes … x���  �Om �i�� Financial planning helps consumers determine whether they are on track to meet their goals and outlines their path to overall financial success. 7 0 obj endstream << Financial planning is the process of achieving your life goals by using different investment options with your current resources through proper and disciplined money management. Below is the power point presentation (PPT) on the basics of Financial … 5 0 obj 8 0 obj /SMask 11 0 R organisations can seamlessly link top-down, strategic targets to financial and operational forecasts and report performance against such targets. << /Type /XObject endstream endobj startxref It may become necessary to adjust the particular components of your plan in light of changing circumstances and evolving objectives. >> >> Financial Management Process PDF: This is just the basic of all the different types of financial management process but there are lot more processes for different projects and companies. 3 0 obj This method of forecasting does not usually require much mathematical input and therefore a spreadsheet will play an accompanying role as opposed to a central role. << /x5 3 0 R >> /BBox [0 0 595.2 841.92] 453 0 obj <>stream /Length 106 353 0 obj <> endobj /CS /DeviceRGB The Financial Planning Process Financial planning consists of six fundamental components – Financial Management, Tax Planning, Asset Management, Risk Management, Retirement Planning and Estate Planning. endstream /CA 1 /XObject >> /Height 3508 %%EOF ChapTeR 2: planning for your system’s financial future 11 ChapTeR 3: annual operating budgets 14 ChapTeR 4: Oversight and monitoring of financial performance 19 Monitoring the annual budget 19 Standard financial statements 21 The balance sheet 21 ... process. /Matrix [1 0 0 1 0 0] /BitsPerComponent 8 endstream endobj 354 0 obj <>>> endobj 355 0 obj <>/ExtGState<>/Font<>/ProcSet[/PDF/Text/ImageC]/Properties<>/XObject<>>>/Rotate 0/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 356 0 obj <>stream /a0 >> >> /Width 1894 /Type /ExtGState 12 0 obj %PDF-1.5 >> The foundation for Budgeted Financial Statements is Detail Budgets. The earlier you start, the sooner you can enjoy the benefits – and the more time you have to grow your savings. /ca 1 /Type /Group This note covers the following topics: Financial Goals and strategy, Managerial Implications of Share holder Value creation, Financial Strategy for Capital Structure, Capital Structure Planning and Decision Making, Dividend Policy and Value of The Firm, Dividend Policy and Valuation of Firms, Lease financing and Hire Purchase, Financial … So Financial Planning is not only about money, but it is all about life, about fulfilling your wishes, dreams, aspirations and your enjoyment in achieving them. The initial interaction and establishment of Financial Planner & Client Relationship. 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