Financial Managers Identify Three Steps to Financial Planning

Multiple Choice

Financial managers identify three steps to financial planning.Which of the following is not one of the three key steps to financial planning?

A) Preparing the income statement and balance sheet.
B) Establishing financial control to see how well the company is following the financial plans.
C) Forecasting both short-term and long-term financial needs.
D) Developing budgets to meet anticipated needs.