Financial planning and control is a dynamic process that guides organizations in achieving their financial goals while maintaining operational efficiency. It encompasses creating comprehensive budgets, forecasting future financial needs, and monitoring actual performance against these plans. By setting targets, identifying variances, and implementing corrective actions, financial planning and control enable businesses to make informed decisions, allocate resources optimally, and ensure financial stability. This process serves as a crucial tool for aligning strategic objectives with financial realities, enhancing accountability, and fostering sustainable success.