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Essay On Importance Of Financial Planning

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Introduction
Financial planning is an ongoing process that can help you make informed decisions to help you achieve your goals in life. This is not just like a pension or an ISA buy such products. This may involve placing the proper will to protect your family, consider your home without your income, if you are sick or premature death, different money, but it involves all these things, such as your "plan". You can plan on their own, or if your needs are more complex, you might need a financial planner to help. Financial planning is the process of estimating the required funds and to determine the competition. This is the company making process related to the procurement, investment and financial management of financial policies.
The goal of the financial plan …show more content…

Determine the capital structure - Capital structure is the composition of capital, that is the kind of business and desired relative proportions of capital. These include determining the debt-equity ratio - short and long term.
c. Enactment of cash management, lending, borrowing and other financial policies
d. Finance Manager to ensure that the best possible way to maximize the use of scarce financial resources, least cost to get the maximum return on investment.

Importance of Financial Planning
Financial planning is a process of concern about the financial activities of the objectives, policies, procedures, plans and budgets. This ensures effective and adequate financial and investment policies. The importance can be summarized as:
• The need to ensure adequate funding.
• Financial planning helps to ensure a reasonable balance between the inflow and outflow of funds, in order to maintain stability.
• Financial planning to ensure that funds providers to easily invest in the financial planning of the company.
• Financial planning help to achieve growth and expansion plans, help the company's long-term survival.
• Financial planning can reduce uncertainty by sufficient funds, thus changing market

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