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
All of the above
For a manager 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