Question

Components of financial planning .

Answer 1

Goals & Objectives: Goals and objectives should be listed by priority and should be as specific as possible. ...
Income Tax Planning: ...
Balance Sheet: ...
Issues & Problems: ...
Risk Management and Insurance: ...
Retirement, Education, and Special Needs: ...
Cash Flow Statement: ...
Investment Planning

Answer 2

Answer:

Explanation

Financial planning is an overall lookup toward the money matters of the running business whose main motive is to earn profit viva rendering the goods and services.

Financial planning is an important concept for the business due to the dependency of a firm working over the money issues.

Component of Financial Planning is -

Income Tax Planning

Preparation of Balance Sheet

Risk Management and Insurance for firm uncertainty and assets.

Cash Flow Statement assessment.

Investment Planning for the current period and for the future.