Author Question: Which of the following is NOT one of the steps taken in the financial planning process? (Read 13 times)

byomi · **on:** Aug 7, 2023

Question 1

Which of the following is NOT a step of the FFS method?

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forecast the statement of cash flows

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forecast the income statement

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forecast the balance sheet

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analyze the forecast

Question 2

Which of the following is NOT one of the steps taken in the financial planning process?

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Forecast financial statements and use these projections to analyze the likely effects of the operating plan on profits and various financial ratios.

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Forecast the funds that will be needed to support the 5-year plan.

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Develop a cash budget for use in determining when funds will be needed or when surplus funds will be available for investment.

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Consult with key competitors about the optimal set of prices to charge, i.e., the prices that will maximize profits for our firm and its competitors.

xinyiff · **Reply #1 on:** Aug 7, 2023

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