Which of the following is the least useful in the professional financial planning process? Set...

Which of the following is the least useful in the professional financial planning process?
1. Set both short and long-term goals.
2. Prepare financial statements to see where you are now.
3. Prepare budgets to see if you can meet your short-term goals.
4. Prepare budgets to see if you can meet your short and long-term goals.

Solutions

Expert Solution

Financial Planning is done especially for long term goals. Therefore, Financial Planning will take care of Long Term goals, there is no need to prepare budget for that.

Therefore, (d) is least useful

jeff jeffy answered 2 years ago

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