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Two key aspects of financial planning are cash planning and profit planning. Cash planning involves the preparation of the cash budget and profit planning involves preparation of pro forma statements. To make cash budget and pro forma statements for a firm, accounting knowledge is needed. Accounting helps you better understand how to make a cash budget and pro forma income statement and balance sheet?
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![[Solved] Two key aspects of financial planning are cash planning and profit... (1)](https://i0.wp.com/assets.coursehero.com/ssi/ea5c046bb42457085ad9.png "[Solved] Two key aspects of financial planning are cash planning and profit... (1)")
![[Solved] Two key aspects of financial planning are cash planning and profit... (2)](https://i0.wp.com/assets.coursehero.com/ssi/6175a57d9e664b4db71c.png "[Solved] Two key aspects of financial planning are cash planning and profit... (2)")
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![[Solved] Two key aspects of financial planning are cash planning and profit... (3)](https://i0.wp.com/assets.coursehero.com/ssi/e1fce8c39b60498b7f57.png "[Solved] Two key aspects of financial planning are cash planning and profit... (3)")
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