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 these.

Question

Quizplus · Accepted Answer

A systems approach to financial planning requires the consideration of all financial statements, including the pro forma income statement, cash budget, and pro forma balance sheet. These statements are used to project future financial performance and ensure that all financial decisions align with overall goals and objectives. Therefore, all three options (A, B, and C) are necessary to develop a comprehensive financial plan using a systems approach.

In Using a Systems Approach to Financial Planning, It Is