(i) Name the process the finance manager is involved in. |
(ii) Explain any two essential requirements of a sound financial plan. |
Answer:
(i) The financial manager is involved in financial planning. (ii) Following are the two essential elements of a sound financial plan: [a] A sound financial plan should help in facilitating the collection of optimum funds. [b] It should be able to tap appropriate sources at the appropriate time. Thus, it helps-in fixing the most appropriate capital structure.
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