How many types of financial planning are there explain Class 12?

Financial planning involves two types of Planning: Short term planning – Financial plan for a comparatively short period, i.e, upto 1 year. It is called budgeting. Long term planning – Financial Planning covers long term investment plans of the enterprise i.e, 3 years to 5 years.

How many types are financial planning?

Various types of financial planning include: Cash flow management. Debt Management. Tax Management.

Which of the following are types of financial planning?

What are the types of planning class 12?

What is meant by financial planning class 12?

Financial planning is the preparation of financial blueprint, which foresees entire fund requirement in respect to quantum as well as the timing. It is the process of estimating the fund requirements of business and specifying the sources of funds.

Class 12 Business Studies Chapter 9 | Financial Planning - Financial Management

What is financial planning Ncert?

Financial planning takes into consideration the growth, performance, investments and requirement of funds for a given period. Financial planning includes both short-term as well as long-term planning. Long-term planning relates to long term growth and investment. It focuses on capital expenditure programmes.

What is the financial planning?

A financial plan is a comprehensive picture of your current finances, your financial goals and any strategies you've set to achieve those goals. Good financial planning should include details about your cash flow, savings, debt, investments, insurance and any other elements of your financial life.

What are the types of planning explain?

There are three major types of planning, which include operational, tactical and strategic planning. A fourth type of planning, known as contingency planning, is an alternative course of action, which can be implemented if and when an original plan fails to produce the anticipated result.

What are the 4 types of planning?

What are the 5 types of planning?

What are the two major types of financial plan?

What are the types of financial management?

What are the different types of financial statements?

There are four main financial statements. They are: (1) balance sheets; (2) income statements; (3) cash flow statements; and (4) statements of shareholders' equity. Balance sheets show what a company owns and what it owes at a fixed point in time.

What are the three steps in financial planning?

How many types of planning are there on the basis of time?

Based upon time, the plan is classified as (i) Long Range Planning, (ii) Medium Range Planning and (iii) Short Range Planning. On the basis of managerial levels, the plans may be (i) Strategic plans, (ii) Administrative plans and (iii) Operational plans.

What are the types of planning PDF?

What are the types of planning in Indian economy?

In general, there are two types of economic planning: (1) collectivist planning, also known as economic planning by direction, and (2) suggestive planning, also known as economic planning by inducement.

What are the 8 types of planning?

What are three types of planning?

Three major types of plans can help managers achieve their organization's goals: strategic, tactical, and operational.

What are 10 types of planning?

What is financial planning Mcq?

“Financial Planning is the process of meeting one's life goals through the proper management of personal finances.”

What are financial planning parts?

What is financial planning explain its features?

Financial Planning includes all the activities that apply general management standards to the financial resources of a firm such as planning, directing, organizing, procurement of funds, investment, and return of the funds.

What is financial planning explain the principles governing a sound financial plan?

Some of the important characteristics of a sound financial planning are: (1) Simplicity (2) Foresight (3) Flexibility (4) Optimum use of funds (5) Liquidity (6) Anticipation of contingencies and (7) Economy. Sound financial planning is necessary for the success of any business enterprise.

What are the 4 types of finance?