BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is the correct order of financial management process?I) Carrying out financial planII) Setting goalsIII) Reviewing and revising the progressIV) Evaluating financial statusV) Creating financial plan
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II, IV, V, I, III
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II, V, IV, III, I
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IV, I, II, V, III
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IV, II, V, I, III
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Explanation:
Detailed explanation-1: -Financial Management refers to the application of general management principles to the various financial resources which are projecting. This encompasses planning, organizing, directing and controlling of the financial activities.
Detailed explanation-2: -Preparation of a sales forecast, Preparation of financial statements, Estimation of expected profit is the correct sequence of the financial planning process.
There is 1 question to complete.