Financial planning is a process of estimating and determining the source of funds.

False

No worries! We‘ve got your back. Try BYJU‘S free classes today!

True

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

Suggest Corrections

Similar questions

___ is the process of estimating the financial requirements of an organisation specifying the sources of funds and ensuring that enough funds are available at the right time.

For a manager what are the importance of financial planning:

1. Owners funds are the source of permanent capital

2. Helps in forecasting situations that are probable in the future

3. Helps in avoiding business shocks and surprises

Q. 'Financial management is the activity concerned with planning, raising, controlling and administering of funds used in the business' are the words of ________.

Q. Identify the type of financial market through which the company is planning to raise fund.

Financial planning arrives at:

(a) Minimising the external borrowing by resorting to equity issues

(b) Entering that the firm always have significantly more fund than required so that there is no paucity of funds

(c) Ensuring that the firm faces neither a shortage nor a glut of unusable funds

(d) Doing only what is possible with the funds that the firms have at their disposal

Join BYJU'S Learning Program