Financial Controls

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Definition: Financial Controls

Financial Controls
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Full Definition of Financial Controls

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.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/financial-controls/
Modern Language Association (MLA):
Financial Controls. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 19, 2024 https://payrollheaven.com/define/financial-controls/.
Chicago Manual of Style (CMS):
Financial Controls. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/financial-controls/ (accessed: December 19, 2024).
American Psychological Association (APA):
Financial Controls. PayrollHeaven.com. Retrieved December 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/financial-controls/

Definition Sources

Definitions for Financial Controls are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.