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About financial planning
It is the course of planning the required financial capital essential in running the organization and judging its competition. It is the procedure where financial policies are framed as per the firm’s investment, objectives, vision and administration of funds.
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The need for financial planning assignment help
No matter how brilliant you are in academics, you are bound to get stuck while solving a sum on financial planning. These difficulties are-
- Calculating the entire cost of each resource in financial planning
- Identifying the resources essential to achieve the objectives
- Understanding the principles of financial planning
- Evaluating the right business environment
- Planning the budget with possible risks and issues
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Types of financial planning
- Short term planning
It is a one year plan to look after the needs of working capital of the organization.
- Medium term planning
With a duration of 5 years, such a plan deals with the maintenance and replacement of the company’s resources.
- Long term planning
A plan prepared for more than 5 years, it caters to the long-lasting financial objectives of the organization. This involves plans like company expansion activities, capital formation, etc.
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