300-400 words, APA citation and reference. Define the financial planning process List the elements of a good...

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Finance

300-400 words, APA citation and reference.
Define the financial planning process
List the elements of a good financial plan.
Identify and discuss the three most important personal factorsand the three most important economic factors that affect yourfinancial planning decisions.

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a Financial planning process consist of step by step process to effectively analyze evaluate and implement financial plan in order to utilize the available financial resources of the organization in the most efficient way possible Wright 2014 The key steps involved in making a effective financial plan is as follows Determining current financial situations Developing financial goals Identifying alternative course of actions Evaluation of alternatives Creation and implementation of financial action plan Koh 2012 Revaluation as well as revision of plans b See Answer

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300-400 words, APA citation and reference.Define the financial planning processList the elements of a good financial plan.Identify and discuss the three most important personal factorsand the three most important economic factors that affect yourfinancial planning decisions.