IndigoLearn

Forums

Financial control

Is financial control not an element of financial management?


Divya Naik

Divya Naik

CA Inter

7K+

28-Jul-20 18:17

50

Answers (4)

Yes, Financial control is an element of Financial Management. There are three key elements to the process of financial management: 1) Financial Planning Management need to ensure that enough funding is available at the right time to meet the needs of the business. 2) Financial Control Financial control is a critically important activity to help the business ensure that the business is meeting its objectives. Financial control addresses questions such as: o Are assets being used efficiently? o Are the businesses assets secure? o Do management act in the best interest of shareholders and in accordance with business rules? (3) Financial Decision-making The key aspects of financial decision-making relate to investment, financing and dividends.


Madhuri Veluri

Madhuri Veluri

CA Inter

2K+

29-Jul-20 17:18

According to question no 2 of ICAI module it is not an element so which answer to refer?

Attachments

d52af4a8-acb9-4255-a779-59b545ec3f55.jpg


Thread Starter

Divya Naik

Divya Naik

CA Inter

7K+

29-Jul-20 17:52

Ok sir ,thanku mam...


Thread Starter

Divya Naik

Divya Naik

CA Inter

7K+

30-Jul-20 10:08

Dusherra Offer
Inter Testimonials
Testimonials CA Foundation July 21