Respuesta :
Answer:
Establishing and defining the client-planner relationship is the first step in the financial planning process.
Explanation:
Financial planning is a technique that determines how a business or an organization plans to achieve its goal and objectives. This plan enables the necessary activities, resources, and materials used to achieve the objectives of a business.
The financial planning process typically involves 6 major steps to clear the organization objectives.
- First step is used to determine the financial status of an organization based upon incomes, savings and profits earned.
- The second step defines the needs and wants of an individual in framing his goal.
- The third step is used to develop alternate methods in solving problems.
- The fourth step evaluates the alternate methods and it suggest the best alternative to be followed.
- The fifth step suggest the individual to take necessary action to achieve their goals.
- The sixth step implements the method of revising and rescheduling the actions as per the plan to clear the objectives.
