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Why is financial planning an iterative process? How often should financial plans be re-cast? What considerations impact the need to re-cast financial plans? (At least 200 word).

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The solution discusses why financial planning is an iterative process.

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Financial planning is an iterative process because for each financial period, financial planning process has to be repeated to ensure that the organization does not face shortage of funds and the existing funds are deployed in the most efficient manner. As financial conditions of an entity is not same every ...

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Sheetal Jain, PGDM
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  • BComm, University of Delhi
  • Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
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