Practicing Success
Arrange the following steps involved in the process of financial planning in the correct sequence. |
Estimation of expected profit, Preparation of a sales forecast, Preparation of financial statements Preparation of a sales forecast, Preparation of financial statements, Estimation of expected profit Preparation of a sales forecast, Estimation of expected profit, Preparation of financial statements Preparation of financial statements, Estimation of expected profit, Preparation of a sales forecast |
Preparation of a sales forecast, Preparation of financial statements, Estimation of expected profit |
Financial Planning Process 1) Identify your Financial Situation. 2) Determine Financial Goals. 3) Identify Alternatives for Investment. 4) Evaluate Alternatives. 5) Put Together a Financial Plan and Implement. 6) Review, Re-evaluate and Monitor The Plan. |