Financial Planning and Control

Financial Planning is the practice of approximating the capital needed and establishing its competition (Snowdon, 2019). It is the practice of outlining financial strategies in association with procurement, investment, and management of capital of a business. On the other hand, financial controls are the processes, strategies, and techniques by which an enterprise monitors and controls the course, distribution, and usage of its monetary capital (Snowdon, 2019).
Therefore, financial planning and controls are the very basics of reserve administration and operational competence in any enterprise. This is because they both offer the foundation for comprehensive administration and permit managers to create rules and guidelines that empower the corporate to prosper and develop (Snowdon, 2019). In this book, we are going to understand financial planning and control.