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Financial Controls: A guide for business executives

Financial Controls: A guide for business executives


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About the Book

"Financial Controls: A Guide for Business Executives" offers a comprehensive and accessible guide to understanding and implementing robust financial practices. Designed specifically for executives without a formal accounting background, this book demystifies complex concepts and provides practical tools for managing and monitoring financial health. It explores the crucial role of financial controls in ensuring accuracy, transparency, and accountability, forming the bedrock for sound decision-making, strategic planning, and sustainable growth. Learn how to protect your business from risks like errors, fraud, and inefficiencies, and discover how strong financial controls translate into reliable data, protected assets, and efficient operations. This book delves into the essential elements of building a strong control environment, including managing financial risks, segregating duties, and establishing authorization and approval processes. It also covers the importance of meticulous documentation, safeguarding both tangible and intangible assets, and implementing best practices for cash handling, inventory management, and accounts receivable/payable. Further chapters explore payroll controls, budgeting and forecasting, variance analysis, and the role of internal audits in maintaining and improving controls. Gain a practical understanding of how to interpret financial reports, leverage technology to enhance controls, prevent and detect fraud, and navigate ethical considerations and regulatory compliance. More than just a guide to preventing negative outcomes, this book empowers executives to leverage financial controls as tools for driving positive change. It emphasizes the importance of continuous improvement, adapting to a dynamic business environment, and building a culture of financial integrity. Gain the knowledge and confidence to manage your business's financial health effectively, mitigate risks, and make informed decisions that lead to sustained success.


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Product Details
  • ISBN-13: 9798306617527
  • Publisher: Independently Published
  • Publisher Imprint: Independently Published
  • Height: 229 mm
  • No of Pages: 174
  • Returnable: N
  • Sub Title: A guide for business executives
  • Width: 152 mm
  • ISBN-10: 8306617525
  • Publisher Date: 11 Jan 2025
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Spine Width: 9 mm
  • Weight: 290 gr


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