2. The following issues are related to the accuracy and reliability of financial plans. Explain the process/issues

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2. The following issues are related to the accuracy and reliability of financial plans.

Explain the process/issues related to each.

• Top-down versus bottom-up planning

• Plans as statements of goals versus plans as predictions of what’s going to happen

• Planning assumptions

• Aggressive optimism versus underforecasting

• Scenario analysis

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