BANK SEBI Grade A Phase 1 & Phase 2 Mock Test 2024 Accounting and Auditing Cost and Management Accounting
Financial Planning is an important technique used under management accounting to help management in achieving the desired goals. In this regard, choose the incorrect statement about financial planning.
1
Financial planning is the process of deciding in advance about the financial activities necessary for the organization to achieve the desired objectives.
2
Financial Planning is concerned only with long term objectives and plans of the company
3
Financial planning helps in determination of the optimum level of investment in various areas
4
It includes formulating financial policies and developing the financial procedures
5
None of the above