Practicing Success
A proper matching of funds requirements and their availability is sought to be achieved by ______. |
Financial planning Financial control Capital budgeting Investment decisions |
Financial planning |
The correct answer is Option (1) → Financial planning Financial planning is 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 right time. Financial planning strives to achieve the following twin objectives- A proper matching of funds requirements and their availability is sought to be achieved by financial planning. This process of estimating the fund requirement of a business and specifying the sources of funds is called financial planning. Financial planning takes into consideration the growth, performance, investments and requirement of funds for a given period. Financial planning includes both short-term as well as long-term planning. |