Please answer it in detail as much as you can with a clear explanation.

Illustrate situations where effective financial control systems should be used.

 

1. Focus on describing effective control systems and identifying situations where financial control systems should be used rather than non-financial control systems.
2. For a business you are familiar with:
   • Describe how this business uses financial and non-financial controls.
   • Provide an example of each and discuss how effectively each achieved the desired results.

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