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Concept of financial planning
It is a continual process which helps a business organization to take effective monetary decisions which help the company to fulfill its financial objectives. These decisions are taken according to the investment and availability of funds of the organization.
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Steps in financial planning
- Establishing and defining the relationship between the planner and client
- Collecting the client’s data to assess goals and expectations
- Determining the financial status of the client
- Developing the financial planning recommendations with the alternatives
- Implementing the recommendations
- Review the situation as per the recommendations
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Difficulties leading to steps in financial planning assignment help
- Inability to understand the establishment of goals
- Differentiating between the assets and liabilities
- Calculating the cost while solving the sum
- Understanding the principles of financial planning
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