Every financial planning problem ends with forecasting future income statement, balance sheet, and statement of cash flows.

Question

Quizplus · Accepted Answer

Financial planning involves a wide range of activities beyond forecasting future financial statements. It includes setting goals, assessing current financial health, budgeting, risk management, tax planning, retirement planning, and investment strategies, among others. Forecasting future financial statements is an important part, but not the end of financial planning.

Every Financial Planning Problem Ends with Forecasting Future Income Statement