JAIPUR NATIONAL UNIVERSITY

SCHOOL OF BUSINESS AND

MANAGEMENT(SIILAS)
SUBMITTED BY-MONIKA
TOPIC- FINANCIAL PLANNING
R NO. –R32999
UNDER THE SUPERVISION OF-MRs.
INDRA MAM
Introduction to Financial
Planning
Financial planning is the process of
managing your money to achieve life goals.
It's an ongoing process that involves
assessing your financial situation,
determining your objectives, and setting a
Ma

plan for the future.

Need Of Financial Planning-

1)It expedites raising of funds

2) It helps in avoiding business shocks
3) It helps in growth and expansion of business
4) Allocation of funds at right place
Advantages of financial planning-

1)Provides direction to financial decision

2)Optimum utilization of resource
3) Helps in reducing cost
4) Helps in raising funds easily
Process of financial planning-
1)Determine current financial situation-company determines
the current situation with respect to income, savings,
expenses, etc.

2)Develop financial goals- Establishing goals is the

foundation for financial planning process.

3)Identification of alternative action- For making good

decisions, developing alternatives is very important
4)Creation and implementation of financial plan-
Creation of financial plan is done
to achieve goals
5) Monitor the progress and revise the plan if
required-
Monitoring and reviewing the
plan regularly
Conclusion-
Financial planning ensures that the accurate balance is
maintained between the inflow and outflow of funds.
Financial planning is something that says about how a
company can efficiently manage the money it earns
keeping goals in mind..