Which of the following is not an objective of long-term financial plans? (2024)

Which of the following is not an objective of long-term financial plans?

Ensuring excess availability of funds at the right time is not an objective of financial planning.

Which of the following is not a financial goal?

Purchasing is not considered a financial goal, whereas decreasing expenses, increasing assets, and decreasing liabilities are valid financial goals.

What are the three objectives of financial planning?

Determining your future needs in terms of investment, resources, funds. Determining the sources of funds. Managing or utilizing these funds efficiently. Identifying risks and issues in the plan.

Which of the follow refers to the cash flow a firm generates from its normal operations?

A company creates value for shareholders through its ability to generate positive cash flows and maximize long-term free cash flow (FCF). FCF is the cash from normal business operations after subtracting any money spent on capital expenditures (CapEx).

Which of the following is not an asset your car that you financed?

The vehicle is an asset with a cash value if you need to sell it. However, the car loan is a liability, and the loan should be deducted from the car's value.

Which of the following is a long term financial goal?

Long term financial goals are the ones you want to achieve in more than five years, such as buying a house, saving for retirement, or leaving a legacy.

Which of the following is not a component of 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 four important objectives of financial planning?

It involves assessing your current financial situation, setting clear objectives, creating a budget, and implementing investment and savings strategies to meet those goals. The key is to align your financial decisions with your long-term aspirations while ensuring financial security.

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 two objectives of financial planning?

Thus, financial planning ensures that right amount of funds are available at the right time. Financial planning also points out the probable sources of funds. ii) Proper Utilisation of Funds. Financial Planning aims at full utilisation of funds.

Which of the following are common financing activities?

Which of the following is an element of financial position?

It includes information on the three elements of financial position - assets, liabilities and equity.

Which of the following are the main components of cash flow management?

The three main components of a cash flow statement are cash flow from operations, cash flow from investing, and cash flow from financing.

Which of the following will most affect your financial plan?

The answer is a) cost of living. The cost of living refers to the amount of money needed to cover basic expenses such as housing, food, transportation, and healthcare in a specific area. It is a significant factor that can greatly impact your financial plan.

Which of the following is not a asset?

Answer and Explanation: The correct answer is b. owner's equity as explained below. An asset is an item which will provide future benefit to its owner.

Which of the following are financial assets?

Cash, stocks, bonds, mutual funds, and bank deposits are all are examples of financial assets.

What are long-term financial plans?

Long-term financial planning involves projecting revenues, expenses, and key factors that have a financial impact on the organization.

Which of the following is the long-term financial decisions?

Long-term financial decisions relate to investment practices. All decisions related to raising capital, repaying debts and using funds for operating and investment activities will be of a financial nature.

What is a long-term term goal?

A long-term goal is something you want to accomplish in the future. Long-term goals require time and planning. They are not something you can do this week or even this year. Long-term goals are usually at least several years away. Sometimes it takes many steps to complete a long-term goal.

Which is not objective of financial planning?

Ensuring excess availability of funds at the right time is not an objective of financial planning.

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 the main components of a financial plan?

What are the 7 key components of financial planning?

What are the four elements of financial management planning?

Most financial management plans will break them down into four elements commonly recognised in financial management. These four elements are planning, controlling, organising & directing, and decision making.

Which of the following is the most important objectives of financial management?

The paramount objective of the financial management is maximising the shareholders' wealth.