Useful Need for Financial Planning Homework Help for Students
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Financial Planning and the Need for Financial Planning
With respect to Financial Management, Financial Planning is the process of determining the capital required to meet the company’s goals and objectives. As soon as the strategic goals and objectives are determined, the Financial Planning begins. It is the method of deciding financial policies with regard to investments, procurements and management of the funds of the company.
Financial Planning involves framing the policies, objectives and the budget of financial activities of the firm. It ensures efficient financial and investment policies. The needs for Financial Planning can be cited as:
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