1. Unit I - Foundation for Finance - Basic Concepts.pptx
1. 28-August-2023 Dr. Lakshminarayana K.S
SDM College (Autonomous), Ujire
FOUNDATION FOR FINANCE
INTRODUCTION TO BASIC CONCEPTS
DR. LAKSHMINARAYANA K.S
ASST. PROFESSOR
DEPT. OF COMMERCE
1
2. 28-August-2023 Dr. Lakshminarayana K.S
SDM College (Autonomous), Ujire
Financial Planning
2
• Financial planning is a step-by-step approach to meet one's life
goals. A financial plan acts as a guide as you go through life's
journey. Essentially, it helps you be in control of your income,
expenses and investments such that you can manage your money
and achieve your goals.
• In general usage, a financial plan is a comprehensive evaluation of
an individual's current pay and future financial state by using
current known variables to predict future income, asset values and
withdrawal plans.