Comenius University in Bratislava, Faculty of Management, Loessnitz, Germany
Volume 2024 (6),
Article ID 4320224,
Accounting Practices - Valuation, Liquidity, and Financial Reporting: 43ACC 2024
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.
Keywords: Finance, controlling, management, companies, SMEs, investment and financing ratios, financial reporting and value reporting, cash flow statement and financial analysis