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please help me to write an easy way to understand Short term financial plans are prepared by the company to meet the budget and investment
please help me to write an easy way to understand
Short term financial plans are prepared by the company to meet the budget and investment goals that is to be achieved within one fiscal year. Short term financial planning are done to meet the short term cash defeciet that may arise. Some sources of short term finance are ; trade credit short term loans factoring, invoice discounting e.t.c. the objective of short term financial planning includes :-to manage the spending that arises on recurring basis, to have proper balance of inflow and outflow of cash, to have adequacy of fund in times of need arise, to have sufficient fund available for financial research, to ensure properper balancing of budget. To meet fluctuation in in working capital and other operating expenses ongoingStep by Step Solution
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