Different people and cultures believe different things for the answer to this question. The meaning of life as we perceive it is derived from philosophical and religious contemplation of, and scientific inquiries about existence, social ties, consciousness, and happiness.
A long-term financial plan should include these elements. Time Horizon. A plan should look at least  five to ten years into the future. Scope. A plan should consider all appropriated funds, but especially those funds that are used to account for the issues of top concern to elected officials and the community. Frequency.
Note 2. The above schedule is by no means exhaustive and the financial records required will vary from company to company. Further, the schedule does not cover the registers you must keep if your company holds a securities or futures licence. Note 3. Section 286(2) of the Corporations Act requires financial records to be kept for seven years.