Financial Controls in Managing Operations

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...