financial control
Monetary decision authority
Financial control refers to the systems and practices organizations use to manage money—budgeting, monitoring expenses, authorizing payments, and ensuring funds go where intended.
A company with strong financial controls prevents waste and fraud.
The term also describes dominance over economic resources: He maintained financial control of the estate even after stepping down as executor.
- balance sheetAssets-liabilities-equity report
- forecastingEstimating future conditions
- tight budgetSeverely limited funds
- fraud detectionUncovering deceptive schemes
- bookkeepingRecording financial transactions systematically
allocation · bottom line · profit margin · red ink · reconciliation · audits · benchmarking · cost analysis · risk assessment · tax reporting · contingency planning · performance metrics · journal entries · number crunching · bean counting · legal compliance · spending limits · expense report
- red flagsred flags, warning signs, warning, caution, alarm
- fiscal crisisdebt crisis, fiscal crisis, fiscal emergency, insolvency, budget deficit
- manipulationgaslighting, guilt tripping, blame-shifting, brainwashing, guilt trip
- generation gapsgeneration gap, digital natives, cultural shifts, communication gaps, youth culture
- stock ownershipshares, stock, shareholder, shareholders, stockholder
financial controlfree spending
profligacy · extravagance · overspending · wastefulness · squandering
financial, finance, finances, financed, financing, financier, financiers, financially, control