The financial segment of a business plan will cover a specific period of time. The length of this projected period may be: a. for 1 year, which may be too short to show true outcomes.
b. for 10 years, which may be too long to meaningfully forecast.
c. over a range of 1 year to as many as 10 years.
d. All of these are correct.

d. All of these are correct.

Explanation:

Financial analysis can be defined as the process of analyzing the stability, profitability, accuracy and viability of a business entity through its financial statements.

Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.

Financial reporting can be defined as the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors.

The objective of financial reporting include all of the following to provide information that:

1. Is useful to those making investment decisions. This information would help creditors to determine whether they should lend to a client or not; or assist investors in deciding whether they should invest in a business or not.

2. Is useful to those lending out money to business entities. When investors and creditors are well furnished with financial information about an organization, they would be able to assess the amounts of cash, timing, and uncertainty of cash flows from dividends or interest.

3. Is useful to creditors in making decisions about providing resources to business entities.

In conclusion, the financial segment of a business plan will cover a specific period of time. The length of this projected period may be;

a. for 1 year, which may be too short to show true outcomes.

b. for 10 years, which may be too long to meaningfully forecast.

c. over a range of 1 year to as many as 10 years.

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