The impact of financial planning and controlling on functioning & Position of the business

This paper focuses on the impact of financial planning and control on effectiveness of business organizations in the twenty-first century. The study employs descriptive survey as its method of research and finds out that financial planning and control not only affects the growth of a company but also improves the profitability and cash management, leading to increase in liquidity for the organization. The paper therefore recommends that financial planning and control should be pro-active and implementers should be involved in the planning stage. Management should follow laid-down programme of action judiciously and it is obvious that effective and efficient financial planning and control of Nigerian organizations is feasible within minimum sacrifice.