Table of Contents
What is financial controlling?
Financial controlling combines the process of planning, control and management with the information supply in the financial sector.
Its tasks are:
Planning based on various objectives in finance, such as: B. Securing the liquidity and profitability of the capital, increasing the turnover rate of the capital. As part of the Financial planning it is determined how these goals are to be achieved as target values.
Budget planning is also becoming increasingly important because the budget values for financial management are of a default nature, e.g. B. Amount of capital costs or financial resources. These budgets are reviewed and approved by management.
The control, which as financial control consists of the monitoring of the target values and the investigation of the target-actual deviations in the financial area. The target values are also compared with the actual values as part of the budget control.
The supply of information, which is to be understood as the transfer or communication of data. With the help of a reporting system, the financial management is informed of those early warning indicators that have a positive or negative impact on the financing process. Early warning variables are e.g. B. Liquidity ratios, cash flow and profitability ratios. The reporting system should present financing issues and financing problems as objectively, clearly, completely, up-to-date, simply and still sufficiently detailed as possible.
The control, which has to take concrete measures to combat disruptions in the financial sector on the basis of the control results, e.g. B. Adjustment of financial resources, changes in Payment transactions, Changes in payment terms and / or payment behavior, use of cheaper credit types.