MANAGEMENT

Detailed explanation-1: -Financial planning is essentially the preparation of a financial blueprint of an organisation’s future operations. the objective of financial planning is to ensure that enough funds are available at the right time.

Detailed explanation-2: -’Financial Planning is a financial blueprint of an organisation’s future operations’.

Detailed explanation-3: -Explanation: Financial planning is undertaking the responsibility of deciding how a business will stand to accomplish its primary objectives and goals.

Detailed explanation-4: -Ans. Financial planning is the preparation of financial blueprint, which foresees entire fund requirement in respect to quantum as well as the timing. It is the process of estimating the fund requirements of business and specifying the sources of funds.

Detailed explanation-5: -The process is Financial Planning. IMPORTANCE OF FINANCIAL PLANNING. It helps the organisation to prepare for the future.