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Which of the following best defines financial planning


Definition of Financial Planning Financial Planning is the process of estimating the capital required and determining it's competition. It is the process of framing financial policies in relation to procurement, investment and administration of funds of an enterprise.

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.

Which of the following best defines personal finance?

According to Investopedia, Personal finance defines all financial decisions and activities of an individual or household, including budgeting, insurance, mortgage planning, savings and retirement planning. Understanding these terms can help you better control your funds and prepare for future financial success.

What is financial planning?

Financial Planning - Definition, Objectives and Importance Definition of Financial Planning Financial Planning is the process of estimating the capital required and determining it’s competition. It is the process of framing financial policies in relation to procurement, investment and administration of funds of an enterprise.

When are personal financial planning skills applicable only?

Personal financial planning skills are applicable only in the early years of a person's life. True of False? Which of the following is the best definition of personal finance? a.) the study of individual investment planning.

Why financial planning is important before starting a new business?

Before initiating a new business, the organization puts an immense focus on the topic of Financial Planning. Financial planning is the plan needed for estimating the fund requirements of a business and determining the sources for the same. It essentially includes generating a financial blueprint for company’s future activities.


It is the process of framing financial policies in relation to procurement, investment and administration of funds of an enterprise. Objectives of Financial Planning. Financial Planning has got many objectives to look forward to: Determining capital requirements-This will depend upon factors like cost of current and fixed assets, promotional expenses and long- range planning. Capital requirements have to be looked with both aspects: short- term and long- term requirements.




[PDF] C02-Fundamentals of financial accounting

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[PDF] Chapter 1 Questions Multiple Choice - Harper College

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[PDF] Financial Statements for the Year Ended 31 December 2020

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[PDF] Elements of the Financial Statements of National Governments - IFAC

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[PDF] Financial Literacy Quiz ~ ANSWERS - eRural Families

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