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The main objective of financial planning are:
(a) To ascertain the amount of fixed capital as well as the working capital required in a given period
(b) to determine the amount to be raised through various sources using a judicious debt equity mix
(c) to ensure that the required amount is raised on time at the lowest possible cost
(d) to ensure adequate liquidity so that there are no defaults in payments and all contingencies (any unforeseen expenditure) are met without difficulty; and
(e) To ensure optimal use of funds so that the business is neither starved of funds not has unnecessary surplus funds at any point of time
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What are the Objectives of financial institutions?
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Any objective that is market based is strategic objective. Any objective that can be derived from financial statements is financial objective.
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What are the Objectives of financial institutions?
iu76iu75tru765ewhg7
What is the difference between financial objectives and strategic objectives?
Any objective that is market based is strategic objective. Any objective that can be derived from financial statements is financial objective.
What does a certified financial planner actually do?
Financial Planners are the ones who deal in resolving financial issues by making a financial plan like cash flow management, education planning, retirement planning, investment planning, estate planning, tax planning, insurance planning, risk management, and business succession planning for business owners. A financial planner must already finished his/her CFP certification program so he/she can practice his/her skills and knowledge in the field of financial planning.
Functions and objectives of international financial management?
functions of financial management
What is the first step in the financial planning process?
The first step in the financial planning process is to determine your current financial situation.
