Financial control - part of management and financial administration
AbstractOn the basis of these exhaustive considerations we ascertain that the control is an attribute of the company’s management, a function of the management and, at the same time, it is an independent activity. As a management function, the control endorses the parameters maximisation that refers to the results obtained, and to the increment of their attainment speed. Due to its importance, the financial control system can be considered as a needful instrument for the management for a regular surveillance of the activity of the administrative entity, with the purpose of taking on time the needed decisions.
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Bibliographic InfoArticle provided by University of Craiova, Faculty of Economics and Business Administration in its journal Finance - Challenges of the Future.
Volume (Year): 1 (2008)
Issue (Month): 8 (December)
financial control; management; financial administration;
Find related papers by JEL classification:
- G00 - Financial Economics - - General - - - General
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
- G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
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