The financial planning process in the short and long term.
What is financial planning?
- Determine the best options and resources available, considering factors such as time, activity is performed, risk factors and growth and investment.
- is an important part of the company's operations because it provides schemes for guiding, coordinating and monitoring its activities in order to achieve their goals.
There are two key aspects of financial planning process:
- Planning effective: it involves the preparation of cash budget of the company.
- Planning Profits: concerns the preparation of pro forma financial statements.
Long-term financial plans (strategic) & Determine the actions of a financial Planned
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