--%>
Assignment Help - homework help

Define Financial Controls

Financial Controls: Any measure of how fine a company or department controls its costs, at times stated as how far beneath or over budget it is. Financial controls are a critical portion of any financial system. They make sure that the resources are being appropriately and efficiently employed and that activities are appropriately and precisely reported.

Good financial control is significant in a business as it helps to keep the company solvent, and thus trading. It too aids the business to fulfill its financial obligations like paying its invoices to suppliers, tax and obviously, it's obligation to pay staff on time and the accurate amount.

   Related Questions in Finance Basics

  • Q : Exdplain how does continuous

    Normal 0 false false

    		•
  • Q : Define Overhead Unit Overhead Unit :

    Overhead Unit: The organizational unit which benefits the production of an article or a service however that can’t be directly related with an article or service to share out all of its expenditures to elements and/or work authorizations. The co

    		•
  • Q : What is an Element Element : It is a

    Element: It is a subdivision of a budgetary program and the second stage of the program structure in the Uniform Codes Manual.

    		•
  • Q : Firm risk of any capital budgeting

    Describe how to measure the firm risk of any capital budgeting project. The firm risk of a capital budgeting project measures the effect of adding a new project to the present projects of the firm.

    		•
  • Q : Define Reimbursements Reimbursements :

    Reimbursements: The amount received as a payment for the cost of services executed, or of other expenditures made for, or on behalf of, other entity (example, one department reimbursing the other for administrative work executed on its behalf). Reimbu

    		•
  • Q : Graphically combined transactions and

    Normal 0 false false

  • Q : Governments fiscal policy options for

    Normal 0 false false

  • Q : Formula for the payment required for a

    Normal 0 false false

    		•
  • Q : What is Reference Code Reference Code :

    Reference Code: A three-digit code recognizing whether the item is from the Budget Act or some other source (example, legislation), and its character (example, state operations). This is the middle segment of the budget item or appropriation number.

    		•
  • Q : Define Federal Fiscal Year Federal

    Federal Fiscal Year (FFY): The twelve month accounting period of the federal government, starting on October 1 and ending the following September 30. For illustration, a reference to FFY 2013 means the period starting October 1, 2012 and ending at Sep

    		•