Planning is bringing the future into present so that you can do something about it now", this words convey the importance of planning in life. Even a small mistake in the planning process may cause large destruction in business world.
The same thing is applied in the finance sections also. Financial planning is all about managing the money and other resources in the organization with a future outlook.
For more information on Financial Planning ,
http://www.schoolanduniversity.com/study-programs/business/financial-planning
http://www.trafficgeyser.net/lead/financial-planning