ABSTRACT
Planning is about resource levels and utilisation. Money is both a key resource in its own right and also a means of quantifying other resources. Financial management concerns the planned utilisation of money, including other resources measured in money terms, in order to meet corporate objectives themselves expressed through the planning process. It is necessarily a forward-looking discipline, although its traditionally most well-understood applicationaccounting-has significant responsibilities for the accurate reporting of past activity and the establishment of a framework for current activity.
