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Financial Planning involves analyzing the financial flows of a firm; forecasting the
consequences of various investment, financing, and dividend decisions; and
considering the effects of different alternatives.
2. Key inputs to short-term financial plans include sales forecast and various forms of operating
and financial data.
3. The idea of financial planning is to know the past, present, and future of the firm.
4. Themost comprehensive means of doing financial planning and forecasting is to come up
with pro-forma financial statements.