GK
PUBLIC ADMINISTRATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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“To determine the financial plan of achieving the strategic goals and objectives". This statement refers to the ____ process of financial administration.
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Budgeting
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Planning
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Accounting
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Auditing
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Explanation:
Detailed explanation-1: -A financial plan is the most important thing a small business needs. It’s a road map, a guideline, a reminder of what your goals are–what you are trying to achieve in the short-term and the long-term. It lays out what your possible costs are, and it seeks out to address avenues for how to manage these costs.
Detailed explanation-2: -Ans. Financial planning helps in determining the objectives, policies, procedures, programmes and budgets to deal with the financial activities of an enterprise.
Detailed explanation-3: -Strategic financial planning is the process of determining how a business manages itself financially to ensure it achieves its goals and objectives for both the short-term and long-term.
There is 1 question to complete.