Financial planning refers to a mean for evaluating the present as well as future financial position of a company based on the current variables, so as to predict cash flow, withdrawal plans, future asset values, etc. in other words, it is considered as an appropriate strategy for investing and budgeting. The board of financial planning provides knowledge for six major areas of financial planning. This includes:
- Cash flow management
- Investment planning
- Risk management
- Income tax
- Tax planning
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