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6. Conclusion to Financial Management and Planning

6. Conclusion to Financial Management and Planning

Financial Planning and Management is a vital aspect of the continuous operation of any entity that intends to achieve longevity and perform well. Accuracy and attention to detail are critical. Although much information in the planning tends to be futuristic, data helps it to be realistic. It is better to under-project gains and over-perform than over-project gains and under-perform.

Financial Planning and Management has to be managed by man, and this can have implications. Honest, trustworthy people with strong values must be in charge, and these traits should be confirmed in detail. There should be no assumptions made as a unit progresses in size.

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