In using a systems approach to financial planning, it is necessary develop a
A) pro forma income statement.
B) cash budget.
C) pro forma balance sheet.
D) all of the other answers are correct

Question

Quizplus · Accepted Answer

Developing a financial plan using a systems approach involves considering all aspects of the financial system, including cash flow, income, and assets/liabilities. Therefore, it is necessary to develop a pro forma income statement, cash budget, and pro forma balance sheet to fully understand and plan for the financial system. Hence, all of the other answers are correct (option D).

In Using a Systems Approach to Financial Planning, It Is