In using a systems approach to financial planning,it is not necessary to develop a:
A) pro forma income statement.
B) cash budget.
C) pro forma balance sheet.
D) contingent liability plan.

Question

Quizplus · Accepted Answer

Developing a contingent liability plan is not necessary when using a systems approach to financial planning. However, creating a pro forma income statement, a cash budget, and a pro forma balance sheet are essential components of the systems approach to financial planning.

In Using a Systems Approach to Financial Planning,it Is Not