The financial reports utilized by a company to monitor, measure, and manage its financial resources. The primary financial controls a company uses are its balance sheet, its profit/loss or income statement, and its cash flow statement. By comparing actual business results against financial forecasts, management can assess the effectiveness of its business strategy.
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Avoid unnecessary headaches with these practices to keep your assets safe and your records clean and up to date.
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The management of a firm's costs and expenses in relation to budgeted amounts. Financial Control. Any measure of how well a company or department controls ...