BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The financial management has function to estimate the requirements for capital which the organization needs. Financial planning is process of formulation of goals, policies, procedures, programs and budget that refer to organization’s finance function.

Detailed explanation-2: -prediction of revenue and expenditure. financial estimate. estimated expenses. financial blueprint. fiscal estimate.

Detailed explanation-3: -Having a financial Plan serves the basic purpose of understanding and being aware of the situation so you know why what and how to act on? whereas Financial planning also takes care of the dynamic and unexpected part of the Plan which has not been accounted for or has changed in the Plan.