Financial planning involves the projection of sales, income, and assets as well as the determination of the resources needed to achieve these projections.

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Financial planning is a process of assessing an individual or organization's current financial situation, determining financial goals and objectives, and then creating a plan to achieve those goals through the management of resources such as income, expenses, assets, and liabilities. The projections of sales, income, and assets are essential components of financial planning.

Financial Planning Involves the Projection of Sales, Income, and Assets