Question

Types of financial plan

Answer 1

Types of Financial Plans

Short-term financial plan is prepared for maximum one year. This plan looks after the working capital needs of the company.

Medium-term financial plan is prepared for a period of one to five years. ...

Long-term financial plan is prepared for a period of more than five years.

Answer 2

Answer:

• Short-term financial plan is prepared for maximum one year. This plan looks after the working capital needs of the company.
• Medium-term financial plan is prepared for a period of one to five years.
• Long-term financial plan is prepared for a period of more than five years.