Abstract
In today’s business world, local businesses are under constant pressure to reduce costs and streamline operations. As the Chairman of the Board of a medium-sized German company, I experience on a daily basis how important financial controlling has become in the financing of companies of different sizes. In the first part, I will discuss financial control as a part of the company and list its tasks. In the second part of this short paper, I will present the tools that can be used in financial controlling, followed by the different practices in small, medium and large companies, supported by short practical examples.
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