Essay Available:
Pages:
1 pages/≈275 words
Sources:
2
Style:
APA
Subject:
Management
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 4.32
Topic:
Financial Controls in Managing Operations
Essay Instructions:
What is the primary financial control tool used to manage the operations of an organization and how can it equip managers with the information they need to make decisions? How are financial controls different for a global organization? Provide three examples. Please use the attachments as one of the sources.
Essay Sample Content Preview:
Financial Controls
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Financial Controls
Organizations majorly control their operations using budgeting as a financial tool that enables adequate anticipation and control of resources. Budgeting is essential because it enables a firm to allocate funds appropriately to each function, thus allowing optimal operations throughout a financial year (Bierman et al., 2018). Using budgeting as a financial control tool can assist managers in determining the appropriate objectives in a particular period that can guide the allocation of funds to different departments (Bierman et al., 2018). Furthermore, any environmental cha...
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