Financial planning
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Financial planning is process that prepares the annual financial and operational budgets. It defines the deeds to be done in the year ahead; it translates those deeds into money—revenue, costs, and profits; and it determines the financial benefits of doing all those deeds.
Definition
According to Juran's Quality Handbook by Defeo (7th edition),
- Financial planning. Process that prepares the annual financial and operational budgets. It defines the deeds to be done in the year ahead; it translates those deeds into money—revenue, costs, and profits; and it determines the financial benefits of doing all those deeds.
