Financial Planning

It is the practice of sharing financial information with employees. What is it?

• Financial Transparency

• Financial Accountability

• Financial Planning

• Financial Growth

At its full potential, it prompts a transformative shift in culture, equipping employees with the knowledge and tools to participate in company financials and productivity metrics. What does the statement refers to?

• Financial Transparency

• Financial Planning

• Financial Accountability

• Financial Controls

Financial accountability results from holding an individual accountable for effectively performing a financial activity, such as a key control procedure within a financial transaction process.

• True

• False

All the following statements are true about Financial Planning except:

• Financial Planning provides appropriate balance between the incoming and outgoing funds.

• Financial planning decreases the uncertainty regarding to market changes which the organization may face with.

• Financial planning decreases the uncertainty which could affect the organization’s growth.

• Financial planning provides appropriate balance between the incoming and increases outgoing funds.

It refers to the responsibility for the way money or the budget is used and managed. What is it?

• Financial Planning

• Financial Controls

• Financial Accountability

• Financial Needs

Which of the following images exhibits financial planning?

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This image is an example of financial planning and control process. Which of the following statements give a good insight about the image?

• Financial planning is a cyclical process.

• Clients and Stakeholders are important in making decisions about financial planning.

• Investments are crucial in a good financial plan.

• All of the above

_________ ________ refer to the development of policies and procedures by an organization to manage its financial resources and operate efficiently

(a)  

_________ ________ is essential for cash flow management, budgeting, and the prevention of any fraud or theft.

(a)  

It also means predicting, directing, synchronizing and premeditated distribution of the elements of organization’s finance function.

• Financial Planning

• Financial Supervisory

• Financial Controls

• Financial Accountability