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Financial control refers to the processes, policies, and procedures implemented by a business or organization to ensure that its financial resources are used effectively and efficiently. Financial control aims to ensure that the financial transactions of a business are accurate, complete, and timely. Effective financial control helps businesses achieve their financial goals, maintain financial stability, and meet regulatory requirements.
Effective financial control is essential for the long-term success of any business or organization. It helps businesses manage financial risks, optimize their financial resources, and achieve their financial goals.