Financial Planning - Definition, Objectives and Importance
Definition of Financial Planning
Financial Planning is the process of estimating the capital required and determining its competition. 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:
Importance of Financial Planning
Financial Planning is process of framing objectives, policies, procedures, programmes and budgets regarding the financial activities of a concern. This ensures effective and adequate financial and investment policies. The importance can be outlined as-
- Financial Management - Introduction
- Finance Functions
- Role of Finance Function
- Role of a Financial Manager
Authorship/Referencing - About the Author(s)
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