Tobias BUETTNER

Comenius University in Bratislava, Faculty of Management, Loessnitz, Germany

 

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
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