Why is financial planning an art?
Without building a plan, the simplest problems can hurt financial success. You have to be able to deal with the ebb and flow of life and it's easiest when there is money in the bank and target to aim at. This ultimately why Financial Planning is an ART and a SCIENCE.
Why finance is considered as an art and science of managing money?
Finance is concerned with the art and science of managing money. The finance discipline considers how business firms raise, spend, and invest money and how individuals divide their limited financial resources to achieve personal and family goals.
Is financial analysis an art or a science?
Item Detail - Art ɪmp; Science of Financial Risk Analysis. Financial risk can be described as both an Art and a Science. Various ratio calculations and number crunching exercises represent the Science.
Is budgeting more of an art or science or both?
Answer and Explanation: Budgeting is a craft and not a scientific activity because it's a projection based on assumptions and expectations rather than pre-existing evidence.