Relationship between Strategic and Financial Planning Essay

Relationship among Strategic and Financial Planning - Essay Exampleloyees observe the ethical code of conduct, which requires employees to practice legality of highest level in ensuring that no act of corruption and embezzlement is practiced. Adherence to this code of conduct ensures that, truthful and accurate information is reported and this ensures correct financial planning. In essence, proper financial planning of an government activity like Lowes immensely depends on accurate and transparent strategic processes (Dellaportas, Thomsen, & Conyon, 2012). For instance, when fraudulent financial report is presented overdue to improper strategic procedures, it results to improper financial planning and this implies that, the financial report posted for the investors represented the colored position of the organization. This may results to losses to the firm itself and the investors.In terms of cost, the opening of implementing the strategic plan that involves ethical motive and compliance procedures in line with the financial reporting control system requires extra working capital. This is necessary for morals related capacity building meetings, constructing integrating financial reporting systems and training the staff on the benefits of the initiative (Lowes, 2014). However, it is realizable that, the organization will reap immense gains in the end. This initiative is classified under capital expenditure and once it has been implemented, no recurrent expenditure is expected. This means that, the initialization and implementation is cost is