Assertion: Financial Management is essentially the preparation of a financial blueprint of an organization's future operations.
Reasoning: The objective of financial planning is to ensure that enough funds are available at right time.

Assertion (A) is not true but Reasoning (R) is correct.

Financial planning (Not financial management)  is essentially the preparation of a financial blueprint of an organisation’s future operations. The objective of financial planning is to ensure that enough funds are available at right time. If adequate funds are not available the firm will not be able to honour its commitments and carry out its plans. On the other hand, if excess funds are available, it will unnecessarily add to the cost and may encourage wasteful expenditure.