Explain which of the five steps in a financial plan is most critical and why.

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter2: Using Financial Statements And Budgets
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Explain which of the five steps in a financial plan is most critical and why.

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Step 1

  Financial plan means the plan determined for achieving the financial goals and objectives of an organisation. These are the strategies used for the achievement of the goals formulated by b business. These plan will helps to know a clear understanding of the economic activities.

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