Short-term financial planning results in

Question

Quizplus · Accepted Answer

Short-term financial planning involves creating a cash budget for the next few months or year, which outlines expected inflows and outflows of cash. This allows businesses to manage their cash position effectively and make necessary adjustments to their operations in the short term. Pro forma financial statements may also be a result of short-term financial planning, but they are not specific to short-term cash management. Sales forecasts and general narratives may be part of the planning process, but they do not directly result in a cash budget.

Short-Term Financial Planning Results in