Financial Planning Calculators in Microsoft POWER BI - WHAT IF ANALYSIS
Originally published: 22/03/2022 13:45
Publication number: ELQ-17191-1
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Financial Planning Calculators in Microsoft POWER BI - WHAT IF ANALYSIS

Financial Planning is the process of framing objectives, policies, procedures, programs, and budgets regarding the financial activities of a concern.

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Financial Planning Calculators in Microsoft POWER BI - WHAT IF ANALYSIS

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A financial plan is a comprehensive evaluation of an individual's current pay and future financial state by using current known variables to predict future income, asset values, and withdrawal plans.

Financial Planning is the process of framing objectives, policies, procedures, programs, and budgets regarding the financial activities of a concern. This ensures effective and adequate financial and investment policies. The importance can be outlined as-

Adequate funds have to be ensured.

Financial Planning helps in ensuring a reasonable balance between outflow and inflow of funds so that stability is maintained.

Financial Planning ensures that the suppliers of funds are easily investing in companies that exercise financial planning.

Financial Planning helps in making growth and expansion programs that help in the long-run survival of the company.

Financial Planning reduces uncertainties with regards to changing market trends which can be faced easily through enough funds.

Financial Planning helps in reducing the uncertainties which can be a hindrance to growth of the company. This helps in ensuring stability and profitability in concern.

Financial Planning Calculators in Microsoft POWER BI - WHAT IF ANALYSIS
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