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What is Financial Planning?
Financial Planning deals with framing of plan that can outline goals and objectives of particular organization. This finally helps to decide the available sources of capital which can allow meeting up with specified objectives. Such planning might also influence budget and policies of organization. You might come across with certain obstacles while dealing with financial plan. With our team of experts you will get to know about Limitations of Financial planning:
- Lack of communication among different officials can lead to failure of financial plan.
- Financial plans depend on financial forecasting and so there is a chance of wrong predictions. Therefore, it becomes essential to review plan from time to time and do necessary adjustments depending on business environment.
- Changes in government policies or economic environment can also have bad affect on financial plan.
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