Financial planning describes the process of investigating the financial situation of a person, business, or organization, and identifying financial goals and strategies to achieve them. Financial plans can include both short term and long term goals.
Which best defines financial planning?
Financial planning is the process of assessing the current financial situation of a business to identify future financial goals and how to achieve them. The financial plan itself is a document that serves as a roadmap for a company's financial growth.
What is meant by financial planning?
Financial planning is the task of determining how a business will afford to achieve its strategic goals and objectives. Usually, a company creates a Financial Plan immediately after the vision and objectives have been set.
What is financial planning quizlet?
Financial planning. THE PROCESS OF SETTING SPENDING PRIORITIES, DEFINING GOALS AND DEVELOPING A PLAN TO ACHIEVE THEM, AND THEN PUTTING THE PLAN INTO ACTION.