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Name and State the Aspect of Financial Management that Enables to Foresee the Fund Requirements Both in Terms of 'The Quantum' and 'The Timings'. - Business Studies

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Name and state the aspect of financial management that enables to foresee the fund requirements both in terms of 'the quantum' and 'the timings'.

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Solution

‘Financial Planning’ is the division of financial management which makes an organisation to predict the need of business finance and the time required to generate the same. It attempts to develop a predetermined structure for the provision of finance in the business for its ventures.

Concept: Concept of Financial Planning
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