What does financial control mean?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (11 reviews)
Financial control is the formal evaluation of some financial facet of an organization or a ...View the full answer
Answered By
Ehsan Mahmood
I’ve earned Masters Degree in Business Studies and specialized in Accounts & Finance. Couple with this, I have earned BS Sociology from renowned institute of Pakistan. Moreover, I have humongous teaching experience at Graduate and Post-graduate level to Business and humanities students along with more than 7 years of teaching experience to my foreign students Online. I’m also professional writer and write for numerous academic journals pertaining to educational institutes periodically.
4.90+
248+ Reviews
287+ Question Solved
Related Book For
Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
Question Posted:
Students also viewed these Accounting questions
-
What does "assurance" mean in the financial reporting context? What qualities must an "assurer" have in order for you to feel that their statement has high credibility?
-
What does it mean to hedge a financial transaction?
-
What does it mean when a financial instrument is used to hedge the cost of items that must be purchased for the manufacturing process?
-
An analyst predicted the following: 1. Sales of $1,276 million. 2. Core profit margin of 5 percent. 3. Asset turnover of 2.2. 4. Core other operating income and unusual items are zero. The firm's...
-
Monk Company, a dealer in machinery and equipment, leased equipment with a 10-year life to Leland Inc. on July 1, 2017. The lease is appropriately accounted for as a sale by Monk and as a purchase by...
-
You are contemplating replacing your conventional hot water heater with a solar hot water heater system at a cost of $4,000. How should you define the potential benefits that you need to estimate?
-
Draw energy diagrams for the person and the package in Figure 10.21 . Figure 10.21 Two equivalent situations in which an object is accel- erated by static friction. (a) Person steps forward from...
-
Naylor Company had $210,000 of net income in 2016 when the selling price per unit was $150, the variable costs per unit were $90, and the fixed costs were $570,000. Management expects per unit data...
-
(a) Explain the following terms as used in international finance: (i) Floating rate notes (FRNs). (1 mark) (ii) Forfaiting. (1 mark) (iii) Crowd funding. (1 mark) (iv) Green bond. (1 mark) (b) One of...
-
Any organizational design has traditionally had a chain of command. How does a chain of command work?
-
1. What is an extrinsic reward? 2. What is a cash bonus?
-
What is the difference between internal financial control and external financial control?
-
In terms of finding an object that is missing or hidden: a a structural account points to stages of development and object permanence b a behavioral account points to a particular history of...
-
For a particular product or service, such as Crest toothpaste or the Toyota Scion, how would you evaluate the countries that would represent the best prospects? Be specific. What information would...
-
Think of some brands that have high energy. What gives them that energy? Will that continue into the future?
-
Playtime Ltd produces jigsaws for sale in model shops. The following information relates to the sales and costs of producing the jigsaws. Selling price per unit is 20 Variable cost per unit is 10...
-
How is the idea of full costing extended when long-term environmental costs are considered?
-
What conditions may help to make outsourcing of labour successful?
-
The U.S. Commercial Service prepares reports known as the Country Commercial Guide for countries of interest to U.S. investors. Utilize the Country Commercial Guide for Russia to gather information...
-
Privitera and Freeman (2012) constructed a scale to measure or estimate the daily fat intake of participants; the scale was called the estimated daily intake scale for fat (EDIS-F). To validate the...
-
Since a Social Security card does not contain your photo, it is impossible to have your identity stolen by merely losing your Social Security card. (True/False)
-
According to Keith Hallin, program affordability manager (target costing) for Boeing s MMA Program in Integrated Defense Systems, reaching target costs is a challenge for the companys entire value...
-
Today you are planning to see a motion picture, and you can attend either of two theaters. You have only a small budget for entertainment so prices are important. You have attended both theaters...
-
Suppose the historical costs for the manufacture of a calculator by Radio Shack were as follows: direct materials, $5.00 per unit; and direct labor, $6.00 per unit. Management is trying to decide...
-
The Casings Plant of Wyoming Machines makes plastics shells for the company's calculators. (Each calculator requires one shell.) For each of the next two years, Wyoming expects to sell 640,000...
-
River Walk Tours is expected to have an EBIT of $184,000 next year. Depreciation, the increase in net working capital, and capital spending are expected to $11,000, $1,500, and $13,000, respectively....
-
Coronado Corporation purchased a depreciable asset for $576000 on January 1, 2023. The estimated salvage value is $54000, and the estimated useful life is 9 years. The straight-line method is used...
Study smarter with the SolutionInn App