Why Is Financial Control Methods Are So Important To Managers?


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amber Jhon answered
Financial control methods are very important for the managers either financial managers or non-financial managers. First reason is that managers are accountable for the financial transactions therefore, they should have enough details to show them to the shareholders. Secondly, it helps to monitor the income and expenses of the budget. Thirdly, financial control methods are very necessary for the accountability and transparency. Use of financial control methods is also necessary to make important financial decisions. Moreover, for the financial management of the company financial control methods must be used. I am giving the link on which a toolkit of financial control methods is available:

Financial control methods

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