What
is a plan?
What
is a financial plan?
What
does financial planning begin with?
State
the difference between goals and objectives.
List
the three steps involved in financial planning?
In
what case financial planning cannot proceed?
State
the meaning of the word “budget”.
Give
the examples of various types of expenses which must be considered
in budgeting process?
How
can budgeting accuracy be improved?
What
is the peculiarity of the traditional approach to budgeting?
What
is the problem with this approach?
What
is the difference between the traditional budgeting approach and
zero-base budgeting?
What
is the problem with zero-base budgeting?
List
the four primary sources of funding.
For
what purpose is equity capital used?
Is
selling assets a normal step?
In
what case selling assets may be a seasonable last resort?
For
what purpose may interim budgets be prepared?
