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  • Tutorial 1 - Pfinance

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    Lim Qqian
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    The document contains review questions from a chapter on the financial planning process. It asks about the five steps of financial planning, which are establishing goals, assessing financial status, identifying challenges, developing and implementing a plan, and monitoring progress. It also asks about common concerns like income, taxes, inflation, and risk that should guide plans, and defines short-term as under 1 year, intermediate as 1-5 years, and long-term as over 5 years. Finally, it asks why financial goals are important to a financial plan.

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    Question for chapter 1

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    The document contains review questions from a chapter on the financial planning process. It asks about the five steps of financial planning, which are establishing goals, assessing financial status, identifying challenges, developing and implementing a plan, and monitoring progress. It also asks about common concerns like income, taxes, inflation, and risk that should guide plans, and defines short-term as under 1 year, intermediate as 1-5 years, and long-term as over 5 years. Finally, it asks why financial goals are important to a financial plan.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    4 views2 pages

    Tutorial 1 - Pfinance

    Uploaded by

    Lim Qqian
    The document contains review questions from a chapter on the financial planning process. It asks about the five steps of financial planning, which are establishing goals, assessing financial status, identifying challenges, developing and implementing a plan, and monitoring progress. It also asks about common concerns like income, taxes, inflation, and risk that should guide plans, and defines short-term as under 1 year, intermediate as 1-5 years, and long-term as over 5 years. Finally, it asks why financial goals are important to a financial plan.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    TUTORIAL 1

    CHAPTER 1 : THE FINANCIAL PLANNING PROCESS

    REVIEW QUESTION :

    Question 3 : Summarize the five steps that make up the financial planning process.

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    Question 5 : List and explain he four common concerns that should guide all financial plans.

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    Question 7 : Explain the time horizon for short-term, intermediate-term, and long-term goals.
    Give an example of each.

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    Question 8 : Why are financial goals the cornerstone of a financial plan?

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