Financial Control

Financial control refers to the processes and systems that organizations use to manage their financial resources effectively. It involves budgeting, monitoring spending, ensuring compliance with regulations, and analyzing financial performance to make informed decisions. By establishing financial controls, businesses can safeguard their assets, prevent fraud, and optimize their income and expenses. This systematic approach helps ensure that an organization operates within its financial means, achieves its goals, and maintains overall financial health. Essentially, it's about making sure that money is managed wisely and strategically to support the organization's objectives.