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    Emmanuel Deo Borgonia
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    The document outlines the 5 fundamental steps of the financial planning process: determine goals, identify investment alternatives, evaluate alternatives, implement a plan, and review/monitor the plan. It also discusses illustrating the business cycle, defining opportunity cost as the benefit forgone from options not chosen, and explaining that the time value of money concept means a sum is worth more now than in the future due to earnings potential.

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    The document outlines the 5 fundamental steps of the financial planning process: determine goals, identify investment alternatives, evaluate alternatives, implement a plan, and review/monitor the plan. It also discusses illustrating the business cycle, defining opportunity cost as the benefit forgone from options not chosen, and explaining that the time value of money concept means a sum is worth more now than in the future due to earnings potential.

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    17 views1 page

    Untitled

    Uploaded by

    Emmanuel Deo Borgonia
    The document outlines the 5 fundamental steps of the financial planning process: determine goals, identify investment alternatives, evaluate alternatives, implement a plan, and review/monitor the plan. It also discusses illustrating the business cycle, defining opportunity cost as the benefit forgone from options not chosen, and explaining that the time value of money concept means a sum is worth more now than in the future due to earnings potential.

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    © All Rights Reserved
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    Emmanuel Deo Borgonia BSBA-FM

    1.Search for the 5 Fundamental Steps of Financial Planning Process

    - Determine Financial Goals

    - Identify Alternatives for Investment

    - Evaluate Alternatives

    - Put Together a Financial Plan and Implement

    - Review, Re-evaluate and Monitor The Plan.

    2.Illustrate the Business Cycle

    3.What is opportunity cost

    - Opportunity cost is the forgone benefit that would have been derived from an option not chosen.

    4.Time Value of Money

    - TVM is the concept that a sum of money is worth more now than the same sum will be at a future
    date due to its earnings potential in the interim.

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