Some considerations on financial planning

Dear readers, financial planning according to Flores (2015), allows to evaluate the future liquidity of a company, for this the decisions taken projecting into the future must be susceptible and fast to avoid dangers as much as possible, as well as always having the disposition to anticipate in different areas that will require for the welfare of the organization of future decisions.

On the other hand, Núñez (2020) mention that adequate financial planning is of great importance, since it is a factor that will enable a more efficient management of resources. It can be said then that financial planning is that which is responsible for evaluating the liquidity of a company and in some way provides great benefits at the time of decision making, since it allows determining how the company's equity situation is. It is also necessary to take into account that planning helps to better manage the entity's resources, since it is used to develop all its activities and has the advantage of being able to know in time any error that may occur as each of the activities are carried out and to remedy it in the best possible time.

On the other hand, some of the benefits that a company that applies planning for the fulfillment of its activities can have, is the achievement of the objectives in the best possible time, it also allows to know the different risks that the company could have and in this way to achieve the total control of the entity's patrimony.

It is worth mentioning that by not complying with the necessary procedures to have a better control of the company, it is possible that the risk increases since not having knowledge of the resources of the entity causes a great financial destabilization, and the objectives will take much longer to be fulfilled and in some cases they are not fulfilled at all. It is for this reason that it is important to understand how necessary it is to plan the procedures and activities of a company because it guarantees its profitability and evaluates its liquidity.

Flores, J. (2015). Financial analysis for accountants and its impact on NIIF. Pacifico editores S.A.C

Núñez, P. (2015). Financial planning a key tool for the achievement of business objectives. Rev. Universidad y Sociedad.