Which of the following is not a feature of a financial plan?
The financial plan portrays all of the activities, assets, machinery, and materials that are required to accomplish these targets, within a stipulated time frame. Cost is not a feature of financial planning as the plan deals with determining the cash flow of the organisation.
What are the features of financial planning?
The main elements of a financial plan include a retirement strategy, a risk management plan, a long-term investment plan, a tax reduction strategy, and an estate plan.
Which of the following is not part of the financial planning process?
The correct answer is Visualize winning the lottery. While all the other options are part of the financial planning process, visualizing winning the lottery is not. Financial planning involves setting goals, creating a budget, identifying resources, and developing a plan to achieve those goals.
Which is not financial planning?
If all you get is a portfolio review, that's not financial planning. If all you get is an insurance analysis, that's not financial planning. If all you get is a retirement assessment, that's not financial planning.
What are financial features?
Financial features are characteristics of financial products or instruments that determine their value, risks, and benefits. Here are some common types of financial features: Interest rate: The interest rate is the cost of borrowing money or the return on investment.
Which of the following are not functions of a financial system?
Reducing unemployment and helping speculators to bet on price movements are not functions of a financial system.
Which of the following is not a part of financial services?
b) Underwriting the issuance of a financial product is not a financial service. Financial services include any kind of service involving the exchange of currency or management of assets. Accepting deposits, and providing payment services means a person is offering or lending money to another person.
Which of the following is not an element of the financial?
Answer and Explanation:
The elements of the financial statements are the assets, liabilities, revenue, gain, losses, etc. The balance sheet is a financial statement not an element of the financial statement.
Which one of the following is not the type of finance?
Loans against shares cannot be considered as finance.
Which of the following is not a financing?
Buying and selling investments are considered investing activities and not financing activities. This is NOT a financing activity.
What is the financial planning process?
Financial planning is the process of taking a comprehensive look at your financial situation and building a specific financial plan to reach your goals. As a result, financial planning often delves into multiple areas of finance, including investing, taxes, savings, retirement, your estate, insurance and more.
What are the 6 parts of a financial plan?
A business financial plan typically has six parts: sales forecasting, expense outlay, a statement of financial position, a cash flow projection, a break-even analysis and an operations plan. A good financial plan helps you manage cash flow and accounts for months when revenue might be lower than expected.
What is any one feature of financial statement?
Qualitative characteristics are the attributes that make the information provided in financial statements useful to users. The four principal qualitative characteristics are understandability, relevance, reliability and comparability.
What is the meaning of financial plan?
Financial planning is the process of assessing the current financial situation of a business to identify future financial goals and how to achieve them. The financial plan itself is a document that serves as a roadmap for a company's financial growth.
What is the role of financial planning?
Financial planning is the process of defining different financial goals, quantifying these goals factoring in inflation and having an investment plan to meet these goals. Financial planning also prepares you for unexpected risks e.g. untimely death, serious illnesses, sudden loss of employment etc.
What are the four main 4 types of financial planning?
The four main types of financial planning are cash flow planning, tax planning, investment planning, and retirement planning. Each of these types of financial planning has different goals, concerns, and objectives.
What are the 4 main functions of finance?
Finance functions cover Investment (allocating funds to assets for growth), Dividend (deciding on profit distribution to shareholders), Financing (raising capital through equity or debt), and Liquidity (ensuring sufficient cash flow for operations).
What is not a basic function of an accounting system?
The correct answer is: c) To ensure that a business organization will be managed profitably. Accountants are supposed to reveal the true financial situation of a company to external users so that they can make business decisions. The function of an accounting system is NOT to ensure that a business will be profitable.
Which of the following are financial functions?
The seven financial functions in Excel are PV (Present Value), FV (Future Value), NPV (Net Present Value), IRR (Internal Rate of Return), PMT (Payment), RATE, and NPER (Number of Periods). These functions are specifically perform various financial calculations and analyses.
What is not financial service?
The non-financial services sector includes economic activities, such as computer services, real estate, research and development, legal services and accounting.
What are non-financial services?
What are non-financial services? Often called business-support services, enterprise development or value-added services, non-financial services complement the financial offerings of a bank. The table below shows examples of such services. IFC Non-Financial Advisory. Services for SMEs.
Which of the following is not a part of financial analysis?
The correct answer to the given question is b. Circular analysis. There is no method called circular analysis in financial statement analysis. This is a method that can be used in statistics, however.
Which of the following is not a basic financial statement?
Answer and Explanation:
A revenue statement is not a basic financial statement.
Which of the following is not one of the primary financial statements?
Answer and Explanation:
The correct option is (c) Retained earnings statement. So, we can see that options (a), (b) and (d) are part of financial statement but not the retained earnings statement.
Which of the following is not a finance cost?
The correct answer is OPTION A: Bank Charges.
