Which of the following is NOT a step in the financial planning process?
A)Deciding how additional required assets will be financed
B)Estimating various cost categories as per the income statement
C)Preparing projected funds-flow statement
D)Ordering supplies in anticipation of future sales

Question

Quizplus · Accepted Answer

Ordering supplies in anticipation of future sales is not a step in the financial planning process. The financial planning process typically includes steps such as analyzing current financial status, setting financial goals, creating a budget and cash flow analysis, estimating future income and expenses, deciding how to finance required assets, and preparing financial statements such as income statements and funds-flow statements.

Which of the Following Is NOT a Step in the Financial