Which of the following best represents the financial planning cycle? (A) Retain profits, acquire equity finance, minimise risks, plan the marketing strategy (B) Address the present financial position, source funds, analyse reports, establish a cost centre (C) Address the present financial position, prepare budgets, analyse financial reports, plan financial controls (D) Conduct a situational analysis, lead structural change, maintain record systems, develop budgets and cash flows - HSC - SSCE Business Studies - Question 6 - 2007 - Paper 1

This option encapsulates the essential components of the financial planning cycle. First, it emphasizes addressing the current financial position of an organization, which is crucial for understanding its financial health. Next, preparing budgets is a key step in planning and controlling financial resources effectively. Analyzing financial reports ensures that the organization can make informed decisions based on its financial data. Lastly, planning financial controls is necessary to monitor and regulate financial activities, ensuring that the organization adheres to its financial goals and objectives.