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what is financial planning and accounting system

Asked by: 551 days ago - 1 Answers - 729 views

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    Financial Planning:
    A business plans what financial revenues and expenses it will have for a specific period. Furthermore Financial Planning also includes Investment for Machinery or the like. Financial Planning could have a planning horizon of a few month up to several years.

    Accounting System:
    The Accounting System is used for documentation of already completed business transactions. It is the Basis for Taxation and is widely used as an Information System for the Management as well.

    Answer by abenetis 500 days ago


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