Financial control - the establishment as well as use of, Ask an Expert

Finance

Financial Control: - The establishment as well as use of financial control devices is an important function of financial management. These devices comprise:

Budgetary Control
Cost Control
Ratio Analysis etc.

Process of Financial Control:-

Setting the standards
Measurement of genuine Performance
Comparison of genuine Performance with standards
Finding deviations as well as taking remedial actions.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M9575213

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