Strategic Role of Financial Planning and Analysis

This research paper is focused on importance of financial planning analysis. The fundamental success of a strategy depends on three critical factors: a firm's alignment with the external environment, a realistic internal view of its core competencies and sustainable competitive advantages, and careful implementation and monitoring. This paper tells the process of decision making, formulation, implementation, monitoring and analyzing an organization's long term financial strategy. Financial planning is, fundamentally, the process of establishing a budget based on information about expenses and income.