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Financial planning starts with the preparation of: ?(a) Master Budget,(b) Cash Budget,(c) Balance Sheet, (d)None of the above.

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Question added by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date Posted: 2014/10/21
Sara Naeem
by Sara Naeem , Trainee Finance officer , Wah Brass Mill

C) Balance sheet

Malik Khalid Mahmood
by Malik Khalid Mahmood , Regional Finance Manager , Leosons International FZ LLC

Master Budget, Cash Budget, Profit and Loss, Balance Sheet, Cash Flow Statement

In some how, you can say Cash Budget. But Financial planning is started with preparation of Sales Budget first. 

So Answer is None of the Above

Tanveer Qureshi
by Tanveer Qureshi , Director , Qureshi Associates

Master Budget.

manaf almas
by manaf almas , Auditor , DAR AL NUZUM PUBLIC ACCOUNTANTS

balancesheet

Mohammed Rahmathullah Khan
by Mohammed Rahmathullah Khan , Help Desk Operator , Engie Solutions Middle East

I think preparing financial planning have it's own process which includes many other things with balance sheet.

Ayman Esa Mustafa Farrag
by Ayman Esa Mustafa Farrag , مدير مالي , شركة الصفوف

C is the correct 

Aly Farouk Zamzam, (CMA)
by Aly Farouk Zamzam, (CMA) , Accounting Manager , F.M.S Trading

D

Ashkar Ali
by Ashkar Ali , Auditor , ACCTECH MANAGMENT PVT LTD

C- Balance sheet

first step in financial planning : Identify your current financial situation. collect all information about your sources of income, debts, assets, liabilities etc. You would have a clear idea of your current financial situation and you could then study it.

 

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Answer option (d) >>>>>>>>>>  None of the above

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

D. None of the above The Financial Planning Process consists of6 steps that will assist you in assessing and planning your current and future financial requirements and developing a Financial Plan to meet your specific needs. The purpose of the Financial Plan is to create the perfect strategy that will meet your goals.Step1 - Establish and Define a Professional RelationshipThe financial planner will clearly explain the services to be provided to you and define both his and your responsibilities. The planner should explain fully how he will be paid and by whom. You and the planner should agree on how long the professional relationship should last and on how decisions will be made.

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