Forum 3A - Bonus Points

Planning is very important for us to pursue our future goals in life. It will guide us in everything we do
today, and it will serve as a road map to get us from here to our future. But if your plan is not according
to the will of God, then it will not happen. Same also when it comes to business. We have this what we
called financial planning which is preparing also for the future. Without financial planning, we cannot
prepare if ever the business encounters a difficult situation and with that, we cannot achieve the goal of
a company. So from now on, let us do planning in everything we do and surrender it all to our God for
He knows what’s best for us.

STEVEL PACITE

Forum 3B – Activity 6: FINANCIAL MANAGEMENT

Financial planning is a tool which can help you enhance and measure the performance of the
company. It provides the numerical logic for making decisions and it can help you identify what’s going
on in the company. It has a big role that can help one's company to be a productive one.

Forum 3C – Activity 7:

There are different budgets used in financial planning which can help forecast the income and
expenditure of the firm. It can also help monitor the business performance and control the expenses.
Lastly, it can also compute financial ratios in which if unfavorable financial condition occur, the firm can
easily change it.