Why planning is important in finance management

WHY PLANNING IS IMPORTANT IN FINANCE MANAGEMENT?

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Financial planning helps you to decide what to spend on and how much according to the funds available for your company. With proper planning, you will simply know about profit-loss statistics of your business and you will get to know that if you are taking the right decisions at the right time. The most important aspect in financial management is planning which refers to planning for the usage of company’s financial resources to achieve business goals and return maximum value to shareholders.

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