Question

What is strategic financial Planning? Explain the objectives and steps of strategic financial planning.

Answer 1

Answer:

Strategic Financial Planning Financial planning is the task of determining how a business will afford to achieve its strategic goals and objectives. ... The financial plan describes each of the activities, resources, equipment and materials that are needed to achieve these objectives, as well as the timeframes involved.

Answer 2

Objectives of financial planning are :-

• To ensure availability of funds whenever required.

• To see that firm does not raise resources unnecessarily.