A beneﬁt of compiling a short-term ﬁnancial plan is knowing ahead of time when your ﬁrm will
probably require external ﬁnancing.

Question

Quizplus · Accepted Answer

Compiling a short-term financial plan would involve forecasting cash flows, expenses, and revenue for the upcoming months. This would help identify any potential cash shortages or surpluses, and plan for external financing needs if necessary.

A Beneﬁt of Compiling a Short-Term ﬁNancial Plan Is Knowing