Introduction to Financial Planning
The process of estimating the capital required for a business is called financial planning, it determines the goals and objectives set for achieving the targets in the business. Financial planning is created when a company is established after its vision and objectives are set. The financial planning describes all the activities, resources, equipment's and materials required for its operations. The activities included in financial planning are assessments of business settings, business vision and its objectives. It identifies the types of resources required, resource amount needed, total cost for resources, creating budget costs and identifying the risks. Financial planning is vital for any organization to achieve success. It provides objectives that are set to be achieved for financial aspects. It enables the executive officers to set financial targets for the organizations. The objectives of financial planning also covers rewarding the staff for achieving the targets within the time frame and set budget.There are three categories of financial planning, they are strategic role, objectives of financial management and planning cycle.
The students who have completed their bachelors degree from a recognized university are eligible. They need to possess strong mathematical knowledge and planning process. They should have analytical thinking abilities and be realistic in approaches.
Course description of Financial Planning
The program diploma in financial planning is two year full time course. The program is designed to prepare students to become financial planners in the financial settings. The course aims at providing in-depth knowledge and hands on experiences to face challenges in sectors.The comprehensive program enables the students to develop solutions for problem solving issues in financial matters. Training prepares them for proper management of finance for meeting life goals and their organizations. The program equips them with concepts and direction to plan and for making financial decisions. The course exposes them to the aspects of how financial planning affects the business growth and its development. Learning focuses on understanding of how to set specific target to achieve the objectives of the organizations. Emphasis is laid to understand the effects of financial decisions and equip with knowledge of reevaluating financial situations. Curriculum includes lectures, assignments, practical sessions, assessments and examinations.
Role of a financial planner
A financial planner looks into varied areas, such as budgeting, saving, taxes, investment, insurance and retirement planning. They focus on risks of investments and develop financial planning for the organization to achieve the objectives.
The qualified students find jobs in financial sectors, business firms, finance consultancy, government and private financial departments, corporate sectors and educational institutions. The jobs are as financial planner, finance consultant, budget planner, risk manager etc.
Diploma Financial Planning Admissions for 2023 - 2024 Academic Year
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