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Limitations of Financial Planning Assignment Help: Way to Fetch Excellent Grades
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What are the major limitations of Financial Planning?
Financial Planning is the framing of a plan to outline the goals and objectives of a firm, and deciding the source of capital for meeting those objectives. It influences the budget and policies of the firms.
Now, there are also certain obstacles that the Financial Plan might face. Our Limitations of Financial Planning Assignment Help team presents to you an idea about the major limitations of financial planning:
- If there is a lack of proper co-ordination and communication between various officials of the firm, even the most perfect financial plan would not work out efficiently and is bound to fail.
- Sudden changes in the government policies or the economic environment might adversely affect the financial plan.
- If the financial plan is rigid and does not allow for adjustments according to the changing government policies and economic environment, an efficient financial plan might also become ineffective for a lack of necessary adjustments.
- Since financial plans are based on assumptions, that is, financial forecasting, there remains a scope for wrong predictions. Therefore, the plan must be reviewed from time to time and required adjustments should be made with respect to the business environment.
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Excellent Grades with Minimum Effort
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