“Sound Financial Planning is essential for the success of any business enterprise.” Explain this statement by giving any six reasons.

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What do you mean by ‘Financial Planning’? Discuss the importance of financial planning in financial management.

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“Financial planning does not serve any useful purpose”. Comment.

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To avoid the problem of shortage and surplus of funds what is required in financial management? Name the concept and explain its any three points of importance.

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To tackle the uncertainty in respect of availability and timings of funds what is required? Name the concept involved and explain its three points of importance.

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What is required to tackle the uncertainty in respect of availability and timings of funds? Name the concept involved and explain any three points of its importance.

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Name the process which helps in determining the objectives, policies, procedures, programmes and budgets to deal with the financial activities of an enterprise. Explain its three points of importance.

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State any two reasons why financial planning is important.