The correct answer is D. All of the above.
Financial planning is the process of determining how to meet financial goals, such as retirement, education, or a down payment on a house. It involves setting financial goals, developing a budget, and creating a plan to achieve those goals. Financial planning can also include investment planning, estate planning, and tax planning.
Preparation of financial statements is one aspect of financial planning. Financial statements are documents that provide information about a company’s financial position, performance, and cash flows. They are used by investors, creditors, and other stakeholders to assess a company’s financial health.
Planning for a capital issue is another aspect of financial planning. A capital issue is the sale of new shares of stock or bonds to raise money. Companies may issue new shares of stock to raise money for expansion, research and development, or to repay debt.
Preparing budgets is another aspect of financial planning. A budget is a financial plan that outlines how much money you will earn and spend in a given period of time. Budgets can help you track your spending, reach your financial goals, and avoid debt.
Financial planning is an important part of personal finance. It can help you make informed financial decisions, reach your financial goals, and protect your assets.