[多项选择]Financial Management: the importance of maintaining financial control across all departments

参考答案:Suggested answers:
a．Nobody would overlook the importance of maintaining financial control across all departments. Financial control involves examination of the fiscal affairs and the monetary values of organizational policies, plans, and programs. It involves examination of the inflow of money and other resources to the organization, the internal classification and utilization of these resources, and the outflow of money. Financial control across all departments may be considered a subset of administration or management. It deals in varying degrees with the processes of policy, planning, programming, budgeting, authorizing and appropriating, executing and auditing and evaluating. Each of these processes involves some aspects of financial management in its broadest scope.
b．Financial control is very important, because it is the activity directed toward planning, programming, and controlling of an organization’s provisions and use of its financial resources in order to achieve, effectively and efficiently, the specific objectives against which expenditures have been authorized. If one fails to do financial control well, he/she cannot determine organizational goals. Without a strict financial control, you cannot devise programs to achieve the stated goals. Without a good financial control, it is impossible to obtain financial and other resources to support the programs. Without a strict financial control, it is impossible to make an accurate evaluation of the results to assure effectiveness in reaching goals and efficiency in the use of resources.
c．Nobody would challenge the importance of financial control. Financial management is directly applicable to decision-making, problem solving, and policy-making activities at all levels of administration. The main purpose of financial control is to assist and support those in top management in exercising their responsibilities and authorities in meeting the organization’s goals and objectives and fulfilling their account-abilities for the use of public funds. Financial control is an inherent part of top management’s responsibilities. Productivity is closely linked to financial management. Without a good financial control, there’ll be no healthy money flow in an organization. Therefore, financial control is indispensable to top management.
答案解析:[解析] accountability负有责任，应作解释。overlook忽略，宽容，俯瞰，察看，监视。inflow流入。outflow流出。devise设计，策划。effectiveness有效力，