Financial Planning in Financial Management: Aspects and Roles Financial planning is the first step in finance management It involves making financial forecasts that help manage an organization’s finances Financial planning sets the stage by looking at past performance, current activities, and future goals to provide management with an idea of how much money will be needed over a given time frame
Financial Planning - Management Study Guide Financial Planning is the process of estimating the capital required and determining its competition It is the process of framing financial policies in relation to procurement, investment and administration of funds of an enterprise
Financial Planning: What It Is and How to Make a Plan A financial plan is a document detailing a person’s short- and long-term goals and the spending, saving, and investing strategies that can be followed to achieve them