Question

discuss the characteristics of an ideal financial plan​

Answer 1

Answer:

Characteristics of an ideal financial plan.

____________________________

●Simplicity

●Foresight

●Economy

●Profitability

●Financial Planning is one of the important planning that is required to be conducted by a management. Financial Planning includes all the activities which are related to the procurement of funds, investing those funds, and the return expected from the investment done.

●Financial planning is undertaking the responsibility of deciding how a business will stand to accomplish its primary objectives and goals.

✪Cost is not a feature of financial planning as the plan deals with determining the cash flow of the organisation.

✪Determination of sources of funds, i.e., the pattern of securities to be issued.

Answer 2

Some of the important characteristics of a sound financial planning are: (1) Simplicity (2) Foresight (3) Flexibility (4) Optimum use of funds (5) Liquidity (6) Anticipation of contingencies and (7) Economy.

Explanation:

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