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Importance or Benefits of Financial Planning
Benefits of financial planningThe benefits of financial planning are depicted below.Image credits © Prof. Mudit Katyani.The financial planning is beneficial in terms of following points:Forecast of cash flows.
Raising finances.
Managing the flow of internal funds.
Facilitate cost control.
Facilitate pricing of product.
Forecasting profits.
Measuring required returns.
Managing assets.
Managing
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