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Financial planning is essentially the preparation of a financial blueprint of an organisation's future operations. the objective of financial planning is to ensure that enough funds are available at the right time. 

(a) What will happen if enough funds are not available at the right time? 

(b) State any one importance of financial planning. 

(c) Identify the value which is being emphasized in financial planning. 

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(a) The firm will not be able to honour its commitments and carry out it's plans. 

(b) Financial planning helps in forecasting what may happen in future under different business situations. 

(c) Co-ordination. 

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