6B17 COM
KANNUR UNIVERSITY
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Class notes
Financial management
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---4July 20242023/2024
- • Financial planning means deciding in advance the amount of capital needed, the 
sources from which such capital has to be procured, and the time at which funds 
have to be obtained. 
• The complete process of preparing financial outline is called financial planning. 
• Thus, financial planning is concerned with future decisions relating to finance.
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