| gen. |
fiscal controls; financial oversight (financial oversight–encompasses an array of responsibilities, from establishing the. CEO's compensation, to approving the annual budget, to assessing whether the. organization should diversify its income stream. Financial oversight includes these components: Account-level Monitoring (includes reconciliations, where appropriate) Financial Forecasting Reserve and Contingency Account Management Alexander Demidov); financial supervision (Tanya Gesse); financial management (financial control = financial management. The actions of the management of an organization taken to ensure that the costs incurred and revenue generated are at acceptable levels. Financial control is assisted by the provision of financial information to management by the accountant and by the use of such techniques as budgetary control and standard costing, which highlight and analyse any variances. OB&M Alexander Demidov) |
