Explain the purpose of planning in terms of finance
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purpose of planning – MANAGEMENT INNOVATIONS

explain the purpose of planning in terms of finance

Explain the purpose of planning work and being. The purpose of creating teams is to provide a framework that will increase the ability of employees to participate in planning, problem-solving, and decision-making to better serve customers. Increased participation promotes:, Financial Management: Definition, Aims, Scope and Functions! Financial Management is a related aspect of finance function. In the present business administration financial management is an important branch..

Explain the purpose and benefits of planning an event

Business Finance Definition Financial Needs of Business. Financial Management: Definition, Aims, Scope and Functions! Financial Management is a related aspect of finance function. In the present business administration financial management is an important branch., View Homework Help - Explain the purpose and process of workforce planning.docx from MANAGEMENT Management at Business Management & Finance High School. AC1.2: Explain the purpose and process of.

Strategic Planning Definition: Strategic Planning can be understood as a systematic long-range planning activity, that an organization uses to fix priorities, strengthen operations, ascertain objectives and focus on the resources required and are to be allocated in order to pursue the strategy and attain the objectives. Budgeting is a critically important part of the business planning process. Business owners and managers need to be able to predict whether a business will make aprofit or not. The purpose of budgeting is basically to provide a model of how the business might perform, financially speaking, if certain strategies, events, plans are carried out.

Financial Planning and Analysis (FP&A) is an important function at a corporation. FP&A professionals support executive decision making for the CEO, CFO and Board of Directors with planning, analysis, and modeling. Learn what the job of an FP&A analyst, manager, or director entails - … Increasingly, companies rely on finance departments for strategic planning and risk analysis before making investment decisions. Before a company invests in new property or equipment, for instance, the finance department might prepare a risk analysis report. Finance departments also play a key role in advising on business investment activities.

These important terms aren’t that hard to learn and understand. You owe it to yourself and your business. Like it or not, some very common terms including capital, assets, liabilities, costs, and expenses have very exact meanings in accounting and finance; but they are often used in conversation with much more flexible and fuzzy meanings. Wall Street Oasis Finance Dictionary Below you will find an extensive and ever-growing list of finance terms and definitions, as well as financial abbreviations, often found in the forums of Wall Street Oasis and in the finance community. Wall Street Oasis aims to provide succinct definitions and

4/25/2016 · Business finance refers to money and credit employed in business. Finance is the basic of business. It is required to purchase assets, goods, raw materials and for the other flow of economic activities. Business finance can be defined as “The provision of money at the time when it is needed by a business”. Financial Needs of Business The business planning department is also commonly referred to as strategic planning. This function analyzes the long-term goals of the company which, in turn, informs the development of organizational resources and strategic initiatives. For example, a company may be …

A SMART goal is used to help guide goal setting. SMART is an acronym that stands for Specific, Measurable, Achievable, Realistic, and Timely. Goals are part of every aspect of life and provide a sense of direction, motivation, a clear focus, and clarifies importance. By … Planning means looking ahead and chalking out future courses of action to be followed. It is a preparatory step. It is a systematic activity which determines when, how and who is going to perform a specific job. Planning is a detailed programme regarding future courses of action.

Can you explain the purpose of planning work and being accountable to others for their own work? 5/1/2016В В· Types of Business Finance . All businesses require an adequate finance. They need money for investment in fixed asset such as land, building, machinery etc. Once business is in operation, money is needed for Working Capital, such as purchase of raw material, payment of wages, utility bills etc..

Any Project that needs to be executed has to be planned. Any tasks that was begun without proper planning and due diligence is almost always a failure. So, as a responsible project manager you have to plan your project properly to ensure that, your baby is a success. 1/22/2019В В· The purpose of planning is to ensure the growth, profitability and longevity of your business. Good plans get everyone on the same page as they work in the direction of the vision and mission of your company. It creates a road map to achievable success and defines everyone's role in the process.

Definitions of general housing terms GOV.UK. The Purpose of Financial Reporting; the financial statements and other information in their financial reports are fairly knowledgeable about business and finance, in general, and understand basic accounting terminology and measurement methods, in particular. Don’t expect to find friendly hand holding and helpful explanations in financial, 3/1/2012 · ERP finance module: An ERP (enterprise resource planning) finance module is a software program that gathers financial data and generates reports such as ledgers, trail balance data, overall balance sheets and quarterly financial statements..

What is budgeting planning and forecasting (BP&F

explain the purpose of planning in terms of finance

What Is the Purpose of Budgeting? Reference.com. These important terms aren’t that hard to learn and understand. You owe it to yourself and your business. Like it or not, some very common terms including capital, assets, liabilities, costs, and expenses have very exact meanings in accounting and finance; but they are often used in conversation with much more flexible and fuzzy meanings., 1. Explain the purpose of using standard accounting techniques to identify the. extent of debt and equity financing. (5 marks) 2. What is likely to be the main problem in achieving the goal of having one set.

Financial management Wikipedia

explain the purpose of planning in terms of finance

Purpose of Planning in an Organization Bizfluent. Explain the importance of business planning to the survival and growth of organisations. A business plan should always for a business start up, the use of the business plan should not stop there, and businesses should be planning constantly in order to run their business effectively and efficiently. https://en.m.wikipedia.org/wiki/Materiality_(auditing) 7/12/2018В В· Debt finance - money provided by an external lender, such as a bank or building society. Debtor - a person or business that owes you money. Debtors finance - See Factoring. Default - a failure to pay a loan or other debt obligation. Depreciation - the process of offsetting an asset over a period of time. You can depreciate an asset to spread.

explain the purpose of planning in terms of finance


Corporate finance consists of the financial activities related to running a corporation, usually with a division or department set up to oversee the financial activities. Corporate finance is 2/27/2018В В· What is financial planning for a business? Financial planning is simply the process of allocating funds to and determining how a business will achieve it different goals and objectives outlined by the business. Financial planning is almost as important as setting up a business. This is a necessity for any business belonging to any industry. Not all businesses adopt financial planning

Financial planning is the task of determining how a business will afford to achieve its strategic goals and objectives. Usually, a company creates a Financial Plan immediately after the vision and objectives have been set. The Financial Plan describes each of the activities, resources, equipment and materials that are needed to achieve these objectives, as well as the timeframes involved. 11/1/2012 · Best Answer: Makes me wonder what you learn at level 1 ?! Are there not books that go along with the course, available from the library for example? I (and others) will have opinions as to what the answer should be, but what will get you good marks is what …

The purpose of creating teams is to provide a framework that will increase the ability of employees to participate in planning, problem-solving, and decision-making to better serve customers. Increased participation promotes: Explain: Planning functions are used in the context of BI Integrated Planning to create and edit data, supported by the system. A planning function describes how the transaction data of a particular aggregation level is to be changed.

Financial planning is the task of determining how a business will afford to achieve its strategic goals and objectives. Usually, a company creates a Financial Plan immediately after the vision and objectives have been set. The Financial Plan describes each of the activities, resources, equipment and materials that are needed to achieve these objectives, as well as the timeframes involved. Housing associations in England are independent societies, bodies of trustees or companies established for the purpose of providing low-cost social housing for people in housing need on a non

2/1/2019В В· Budgeting, planning and forecasting (BP&F) is a three-step process for determining and detailing an organization's long- and short-term financial goals. The process is usually managed by an organization's finance department under the Chief Financial Officer's ( CFO's ) guidance. The purposes of budgeting are for resource allocation, planning, coordination, control and motivation. It is also an important tool for decision making, monitoring business performance and forecasting income and expenditure. With proper budgeting, limited resources are managed efficiently. Budgeting is critical in the business planning process.

The purpose of creating teams is to provide a framework that will increase the ability of employees to participate in planning, problem-solving, and decision-making to better serve customers. Increased participation promotes: A Explanation Of Different Financial Terms Finance Essay. 5209 words (21 pages) Essay in Finance. and the long term purpose (capital investments). Forecasting the requirements of funds involves the use of budgetary control and long-range planning.

3/1/2012В В· ERP finance module: An ERP (enterprise resource planning) finance module is a software program that gathers financial data and generates reports such as ledgers, trail balance data, overall balance sheets and quarterly financial statements. 3/1/2012В В· ERP finance module: An ERP (enterprise resource planning) finance module is a software program that gathers financial data and generates reports such as ledgers, trail balance data, overall balance sheets and quarterly financial statements.

Explain the importance of business planning to the survival and growth of organisations. A business plan should always for a business start up, the use of the business plan should not stop there, and businesses should be planning constantly in order to run their business effectively and efficiently. A number of mergers and consolidations take place in the present competitive industrial world. A finance manager is supposed to assist management in making valuation etc. For this purpose, he should understand various methods of valuing shares and other assets so that correct values are arrived at. Finance Manager: Function # 5.

explain the purpose of planning in terms of finance

2/1/2019 · Budgeting, planning and forecasting (BP&F) is a three-step process for determining and detailing an organization's long- and short-term financial goals. The process is usually managed by an organization's finance department under the Chief Financial Officer's ( CFO's ) guidance. Here are ten powerful reasons why financial planning – with the help of an expert financial advisor – will get you where you want to be. Income: It's possible to manage income more effectively through planning. Managing income helps you understand how much money you'll need for tax payments, other monthly expenditures and savings.

What is the Purpose of the Business Planning Department

explain the purpose of planning in terms of finance

Explain the purpose and process of workforce planning.docx. planning: 1. A basic management function involving formulation of one or more detailed plans to achieve optimum balance of needs or demands with the available resources. The planning process (1) identifies the goals or objectives to be achieved, (2) formulates strategies to achieve them, (3) arranges or creates the means required, and (4), Project planning begins by setting the scope of a project and eventually working through each level of dependent actions, tasks, checkpoints and deadlines. All of this information is integrated into Gantt charts, or other types of scheduling charts, to provide a project overview for all involved parties..

Purpose of Production Planning and Control TutorsOnNet

Importance of Financial Planning in Business. A Explanation Of Different Financial Terms Finance Essay. 5209 words (21 pages) Essay in Finance. and the long term purpose (capital investments). Forecasting the requirements of funds involves the use of budgetary control and long-range planning., Financial Planning and Analysis (FP&A) is an important function at a corporation. FP&A professionals support executive decision making for the CEO, CFO and Board of Directors with planning, analysis, and modeling. Learn what the job of an FP&A analyst, manager, or director entails - ….

A Explanation Of Different Financial Terms Finance Essay. 5209 words (21 pages) Essay in Finance. and the long term purpose (capital investments). Forecasting the requirements of funds involves the use of budgetary control and long-range planning. We have the best tutors in Finance in the industry. Our tutors can break down a complex Purpose of Production, Planning and Control problem into its sub parts …

Some of the important objectives and importance of financial planning for an organization are as follows: Financial planning means deciding in advance how much to spend, on what to spend according to the funds at your disposal. Explain the importance of business planning to the survival and growth of organisations. A business plan should always for a business start up, the use of the business plan should not stop there, and businesses should be planning constantly in order to run their business effectively and efficiently.

Project planning begins by setting the scope of a project and eventually working through each level of dependent actions, tasks, checkpoints and deadlines. All of this information is integrated into Gantt charts, or other types of scheduling charts, to provide a project overview for all involved parties. These important terms aren’t that hard to learn and understand. You owe it to yourself and your business. Like it or not, some very common terms including capital, assets, liabilities, costs, and expenses have very exact meanings in accounting and finance; but they are often used in conversation with much more flexible and fuzzy meanings.

12/8/2008В В· The protective purpose of planning is to minimize risk by reducing the uncertainities surrounding business conditions and clarifying the consequences of related management actions. The affirmative purpose is to increase the degree of organizational success. 5/1/2016В В· Types of Business Finance . All businesses require an adequate finance. They need money for investment in fixed asset such as land, building, machinery etc. Once business is in operation, money is needed for Working Capital, such as purchase of raw material, payment of wages, utility bills etc..

1. Explain the purpose of using standard accounting techniques to identify the. extent of debt and equity financing. (5 marks) 2. What is likely to be the main problem in achieving the goal of having one set 1. Explain the purpose of using standard accounting techniques to identify the. extent of debt and equity financing. (5 marks) 2. What is likely to be the main problem in achieving the goal of having one set

Project planning begins by setting the scope of a project and eventually working through each level of dependent actions, tasks, checkpoints and deadlines. All of this information is integrated into Gantt charts, or other types of scheduling charts, to provide a project overview for all involved parties. A financial plan is a comprehensive statement of an individual's long-term objectives for security and well-being and a detailed savings and investing strategy for achieving those objectives. A

Project planning begins by setting the scope of a project and eventually working through each level of dependent actions, tasks, checkpoints and deadlines. All of this information is integrated into Gantt charts, or other types of scheduling charts, to provide a project overview for all involved parties. Financial planning is the task of determining how a business will afford to achieve its strategic goals and objectives. Usually, a company creates a Financial Plan immediately after the vision and objectives have been set. The Financial Plan describes each of the activities, resources, equipment and materials that are needed to achieve these objectives, as well as the timeframes involved.

Explain the importance of business planning to the survival and growth of organisations. A business plan should always for a business start up, the use of the business plan should not stop there, and businesses should be planning constantly in order to run their business effectively and efficiently. We have the best tutors in Finance in the industry. Our tutors can break down a complex Purpose of Production, Planning and Control problem into its sub parts …

The purpose of creating teams is to provide a framework that will increase the ability of employees to participate in planning, problem-solving, and decision-making to better serve customers. Increased participation promotes: Financial Management: Definition, Aims, Scope and Functions! Financial Management is a related aspect of finance function. In the present business administration financial management is an important branch.

Project planning begins by setting the scope of a project and eventually working through each level of dependent actions, tasks, checkpoints and deadlines. All of this information is integrated into Gantt charts, or other types of scheduling charts, to provide a project overview for all involved parties. Some of the important objectives and importance of financial planning for an organization are as follows: Financial planning means deciding in advance how much to spend, on what to spend according to the funds at your disposal.

4/25/2016 · Business finance refers to money and credit employed in business. Finance is the basic of business. It is required to purchase assets, goods, raw materials and for the other flow of economic activities. Business finance can be defined as “The provision of money at the time when it is needed by a business”. Financial Needs of Business 2/27/2018 · What is financial planning for a business? Financial planning is simply the process of allocating funds to and determining how a business will achieve it different goals and objectives outlined by the business. Financial planning is almost as important as setting up a business. This is a necessity for any business belonging to any industry. Not all businesses adopt financial planning

11/21/2011В В· Best Answer: Planning is the first part of managing an event. This applies to all events starting from a small get-together of friends to a large rock concert. Managing an event is necessary to ensure smooth conduct of an event and ensure that time, money and material is used effectively by all the people involved (attendees, service providers, civic authorities etc.). Project planning begins by setting the scope of a project and eventually working through each level of dependent actions, tasks, checkpoints and deadlines. All of this information is integrated into Gantt charts, or other types of scheduling charts, to provide a project overview for all involved parties.

Housing associations in England are independent societies, bodies of trustees or companies established for the purpose of providing low-cost social housing for people in housing need on a non Financial management for IT services, financial management of IT assets and resources; Financial Planning Association, an organization for finance and economics students and professionals; Financial Management Service, a bureau of the U.S. Treasury which provides financial services for the government

Budgeting is a critically important part of the business planning process. Business owners and managers need to be able to predict whether a business will make aprofit or not. The purpose of budgeting is basically to provide a model of how the business might perform, financially speaking, if certain strategies, events, plans are carried out. Planning means looking ahead and chalking out future courses of action to be followed. It is a preparatory step. It is a systematic activity which determines when, how and who is going to perform a specific job. Planning is a detailed programme regarding future courses of action.

Financial Management: Definition, Aims, Scope and Functions! Financial Management is a related aspect of finance function. In the present business administration financial management is an important branch. A financial plan is a comprehensive statement of an individual's long-term objectives for security and well-being and a detailed savings and investing strategy for achieving those objectives. A

Explain: Planning functions are used in the context of BI Integrated Planning to create and edit data, supported by the system. A planning function describes how the transaction data of a particular aggregation level is to be changed. forecasting: A planning tool that helps management in its attempts to cope with the uncertainty of the future, relying mainly on data from the past and present and analysis of trends. Forecasting starts with certain assumptions based on the management's experience, knowledge, and judgment. These estimates are projected into the coming months

The Objectives and Importance of Financial Planning for an

explain the purpose of planning in terms of finance

purpose of planning – MANAGEMENT INNOVATIONS. Project planning begins by setting the scope of a project and eventually working through each level of dependent actions, tasks, checkpoints and deadlines. All of this information is integrated into Gantt charts, or other types of scheduling charts, to provide a project overview for all involved parties., 2/27/2018 · What is financial planning for a business? Financial planning is simply the process of allocating funds to and determining how a business will achieve it different goals and objectives outlined by the business. Financial planning is almost as important as setting up a business. This is a necessity for any business belonging to any industry. Not all businesses adopt financial planning.

explain the purpose of planning in terms of finance

What is the Purpose of the Business Planning Department. A financial plan is a comprehensive statement of an individual's long-term objectives for security and well-being and a detailed savings and investing strategy for achieving those objectives. A, Some of the important objectives and importance of financial planning for an organization are as follows: Financial planning means deciding in advance how much to spend, on what to spend according to the funds at your disposal..

Importance of Financial Planning in Business

explain the purpose of planning in terms of finance

What is Strategic Planning? definition characteristics. Tweet The main objective of the Finance Manager is to manage funds in such a way so as to ensure their optimum utilization and their procurement in a manner that the risk, cost and control considerations are properly balanced in a given situation. To achieve the objective the Finance Manager performs the following functions in […] https://en.m.wikipedia.org/wiki/Materiality_(auditing) 4/25/2016 · Business finance refers to money and credit employed in business. Finance is the basic of business. It is required to purchase assets, goods, raw materials and for the other flow of economic activities. Business finance can be defined as “The provision of money at the time when it is needed by a business”. Financial Needs of Business.

explain the purpose of planning in terms of finance

  • What is forecasting? definition and meaning
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  • Financial Management: Definition, Aims, Scope and Functions! Financial Management is a related aspect of finance function. In the present business administration financial management is an important branch. Financial Management: Definition, Aims, Scope and Functions! Financial Management is a related aspect of finance function. In the present business administration financial management is an important branch.

    Financial management for IT services, financial management of IT assets and resources; Financial Planning Association, an organization for finance and economics students and professionals; Financial Management Service, a bureau of the U.S. Treasury which provides financial services for the government The purposes of budgeting are for resource allocation, planning, coordination, control and motivation. It is also an important tool for decision making, monitoring business performance and forecasting income and expenditure. With proper budgeting, limited resources are managed efficiently. Budgeting is critical in the business planning process.

    Project planning begins by setting the scope of a project and eventually working through each level of dependent actions, tasks, checkpoints and deadlines. All of this information is integrated into Gantt charts, or other types of scheduling charts, to provide a project overview for all involved parties. Budgeting is a critically important part of the business planning process. Business owners and managers need to be able to predict whether a business will make aprofit or not. The purpose of budgeting is basically to provide a model of how the business might perform, financially speaking, if certain strategies, events, plans are carried out.

    1. Explain the purpose of using standard accounting techniques to identify the. extent of debt and equity financing. (5 marks) 2. What is likely to be the main problem in achieving the goal of having one set The business planning department is also commonly referred to as strategic planning. This function analyzes the long-term goals of the company which, in turn, informs the development of organizational resources and strategic initiatives. For example, a company may be …

    Tweet The main objective of the Finance Manager is to manage funds in such a way so as to ensure their optimum utilization and their procurement in a manner that the risk, cost and control considerations are properly balanced in a given situation. To achieve the objective the Finance Manager performs the following functions in […] The business planning department is also commonly referred to as strategic planning. This function analyzes the long-term goals of the company which, in turn, informs the development of organizational resources and strategic initiatives. For example, a company may be …

    2/27/2018В В· What is financial planning for a business? Financial planning is simply the process of allocating funds to and determining how a business will achieve it different goals and objectives outlined by the business. Financial planning is almost as important as setting up a business. This is a necessity for any business belonging to any industry. Not all businesses adopt financial planning 1. Explain the purpose of using standard accounting techniques to identify the. extent of debt and equity financing. (5 marks) 2. What is likely to be the main problem in achieving the goal of having one set

    forecasting: A planning tool that helps management in its attempts to cope with the uncertainty of the future, relying mainly on data from the past and present and analysis of trends. Forecasting starts with certain assumptions based on the management's experience, knowledge, and judgment. These estimates are projected into the coming months The purpose of creating teams is to provide a framework that will increase the ability of employees to participate in planning, problem-solving, and decision-making to better serve customers. Increased participation promotes:

    The purpose of creating teams is to provide a framework that will increase the ability of employees to participate in planning, problem-solving, and decision-making to better serve customers. Increased participation promotes: The Purpose of Financial Reporting; the financial statements and other information in their financial reports are fairly knowledgeable about business and finance, in general, and understand basic accounting terminology and measurement methods, in particular. Don’t expect to find friendly hand holding and helpful explanations in financial

    Financial management for IT services, financial management of IT assets and resources; Financial Planning Association, an organization for finance and economics students and professionals; Financial Management Service, a bureau of the U.S. Treasury which provides financial services for the government Any Project that needs to be executed has to be planned. Any tasks that was begun without proper planning and due diligence is almost always a failure. So, as a responsible project manager you have to plan your project properly to ensure that, your baby is a success.

    A Explanation Of Different Financial Terms Finance Essay. 5209 words (21 pages) Essay in Finance. and the long term purpose (capital investments). Forecasting the requirements of funds involves the use of budgetary control and long-range planning. 2/1/2019В В· Budgeting, planning and forecasting (BP&F) is a three-step process for determining and detailing an organization's long- and short-term financial goals. The process is usually managed by an organization's finance department under the Chief Financial Officer's ( CFO's ) guidance.

    Here are ten powerful reasons why financial planning – with the help of an expert financial advisor – will get you where you want to be. Income: It's possible to manage income more effectively through planning. Managing income helps you understand how much money you'll need for tax payments, other monthly expenditures and savings. Here are ten powerful reasons why financial planning – with the help of an expert financial advisor – will get you where you want to be. Income: It's possible to manage income more effectively through planning. Managing income helps you understand how much money you'll need for tax payments, other monthly expenditures and savings.

    5/1/2016 · Types of Business Finance . All businesses require an adequate finance. They need money for investment in fixed asset such as land, building, machinery etc. Once business is in operation, money is needed for Working Capital, such as purchase of raw material, payment of wages, utility bills etc.. The business planning department is also commonly referred to as strategic planning. This function analyzes the long-term goals of the company which, in turn, informs the development of organizational resources and strategic initiatives. For example, a company may be …

    A financial market is a market in which people trade financial securities and derivatives at low transaction costs.Securities include stocks and bonds, and precious metals.. The term "market" is sometimes used for what are more strictly exchanges, organizations that facilitate the trade in financial securities, e.g., a stock exchange or commodity exchange. The business planning department is also commonly referred to as strategic planning. This function analyzes the long-term goals of the company which, in turn, informs the development of organizational resources and strategic initiatives. For example, a company may be …

    Explain: Planning functions are used in the context of BI Integrated Planning to create and edit data, supported by the system. A planning function describes how the transaction data of a particular aggregation level is to be changed. A financial market is a market in which people trade financial securities and derivatives at low transaction costs.Securities include stocks and bonds, and precious metals.. The term "market" is sometimes used for what are more strictly exchanges, organizations that facilitate the trade in financial securities, e.g., a stock exchange or commodity exchange.

    Strategic Planning Definition: Strategic Planning can be understood as a systematic long-range planning activity, that an organization uses to fix priorities, strengthen operations, ascertain objectives and focus on the resources required and are to be allocated in order to pursue the strategy and attain the objectives. forecasting: A planning tool that helps management in its attempts to cope with the uncertainty of the future, relying mainly on data from the past and present and analysis of trends. Forecasting starts with certain assumptions based on the management's experience, knowledge, and judgment. These estimates are projected into the coming months

    Any Project that needs to be executed has to be planned. Any tasks that was begun without proper planning and due diligence is almost always a failure. So, as a responsible project manager you have to plan your project properly to ensure that, your baby is a success. Tweet The main objective of the Finance Manager is to manage funds in such a way so as to ensure their optimum utilization and their procurement in a manner that the risk, cost and control considerations are properly balanced in a given situation. To achieve the objective the Finance Manager performs the following functions in […]

    These important terms aren’t that hard to learn and understand. You owe it to yourself and your business. Like it or not, some very common terms including capital, assets, liabilities, costs, and expenses have very exact meanings in accounting and finance; but they are often used in conversation with much more flexible and fuzzy meanings. The purpose of creating teams is to provide a framework that will increase the ability of employees to participate in planning, problem-solving, and decision-making to better serve customers. Increased participation promotes:

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