Compared to the short-term focus of cash planning,profit planning has a broader emphasis that encapsulates the firm's overall financial position.

Question

Quizplus · Accepted Answer

Profit planning takes into account the long-term financial goals and objectives of the firm, whereas cash planning focuses on short-term cash flow needs. Therefore, profit planning has a broader emphasis that includes the overall financial position of the firm.

Compared to the Short-Term Focus of Cash Planning,profit Planning Has