FINANCIAL PLANNING AND CONTROL, A KEY TO MANAGEMENT EFFICIENCY IN LARGE SCALE ORGANIZATION. (A CASE STUDY OF PZ CUSSONS PLC ENUGU).

INTRODUCTION 1.1BACKGROUND OF THE STUDY  It is obvious that we are living in a an era of planning and control, be it the petty trader with his booking or the industrials with his responsibilities to shareholders, planning and control are a part and parcel of our daily lives need and it is an essential factors in nation, business and private life.  In a competitive world where the key factors are cost, price, turnover and profit planning and control enables every individual to have a sound appreciation of the financial implications of his plans and action.  Financial planning and control can be use by any size or type of organization and in degrees varying, covering decentralized department to organization with only a single procedure. As a tool of management, it can increase the efficiency of the organization as a whole since all the departments are involved.   More so, no business can prosper unless all functions of accounting, finance, marketing, personnel and so forth are fully staffed with competent individuals. The efficiency and effectiveness of any organization therefore depends on a number of factors which may be categorized as clarity of purpose, management, planning, control and communication.   According to Eugene F. Brigham, financial management involves planning for acquiring and utilizing funds in a way that maximizes the efficiency and value of the firm.  Most especially, finance is the evaluation and disbursement of funds, it involves for basic issue which 
functions of the financial officers and their functions are as follow.  -Raising  -Employment of these finds raised in viable projects.  In addition, planning and control are the essence of profit planning and act as a device that enables management to antipasti No business can exist without some form of this      concepts and success in business is proportionate to its planning and the skills with which it is controlled.  According to B.C lemke and J.D Edward, financial planning and control can therefore be said to be “the name given to a system which is being used to increase overall management efficiency”. It is concerned with planning for the allocation of resources the usage of these resources to assist in achieving the objectives of effectiveness and efficiency in both large and small scale organization.