Question

State ony three points of importance of financial Planning.​

Answer 1

Answer:

(a) It helps the company to prepare for the future. (b) It helps in avoiding business shocks and surprises. (c) It helps in co-ordinating various business functions. (d) It helps in reducing waste, duplication of efforts, gaps in planning and confusion.

Answer 2

Answer:

Financial planning is basically concerned with preparation of financial blueprint of an organisation's future operations. Importance of financial planning is as follows: (a) It helps the company to prepare for the future. (b) It helps in avoiding business shocks and surprises. ... (c) It links the present .