| Finance in relation to business is
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| | opportunities available to a firm and
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| concerned with the task of providing
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| | selecting the best one from the available
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| funds needed by the enterprise in terms
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| | options.The planning requires a long-term
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| that are most favorable in the light of
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| | estimate of profits which in turn
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| its objectives. The finance function of a
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| | involves a projection of sales and costs
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| business is concerned with procurement of
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| | of operation for a period of years.
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| funds and its effective utilization in
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| | Accordingly, long range financial
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| business. It covers financial planning,
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| | planning becomes essential for a company
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| forecasting of cash receipts and
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| | that wishes to grow. The company has to
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| disbursements, realizing of funds, using
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| | establish objectives and goals as part of
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| and allocation of funds and financial
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| | a master plan for long range survival and
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| control. Financial planning helps in
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| | growth. Coordinated thinking forms the
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| defining financial goals, setting
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| | basis of financial planning for making an
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| objectives and developing a plan to
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| | optimum utilization of funds,
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| achieve them. Planning is not
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| | particularly of cash balances.Unneeded
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| master-minding the future, and any
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| | cash can be invested in income-producing
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| attempt to do so is foolishness. Human
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| | securities. Financial planning is used as
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| beings can neither predict nor control
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| | a control device to fix standards of
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| the future. For this reason, management
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| | performance and evaluation of the
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| has to clarify their objectives and
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| | results. It is used to pre-test the
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| determine what actions must be taken,
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| | financial feasibility of various programs
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| when, by whom, and at what cost to
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| | and in that sense it is of crucial
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| achieve the cherished goals. Financial
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| | importance because action once taken
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| planning is the process of evaluating
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| | becomes difficult to retract.
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| different investing and financing
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