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What are short term financial plans?
When a firm wants to meet their financial objectives and goals within a single fiscal or financial year, the planning which is made by them is known as short term financial plans. From startups to established companies, short term financial plans are of extreme importance.
Divisions of short term financial plans
We know that short term financial plans have a vast syllabus. Few of its important divisions include,
This cycle initiates when you pay for materials or commodities and gets completed on cash collection from cash receivables.
The duration between inventory arrival and date regarding cash collection from receivables is known as operating cycle.
Under this, there are 4 divisions which include,
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