Financial Control

Table of contents
Introduction………………………………………………………………… 2
Relationship between the financial system and other systems……………... 2
Learning outcome 1.2………………………………………………………. 3
Learning outcome 1.3………………………………………………………. 4
Learning outcome 2.1 Creating a budget…………………………………. 5
Learning outcome 2.2 Budgetary control system...…………………………. 6
Learning outcome 2.3 Budgetary variations......……………………………. 7
Learning outcome 2.4 Conflicts in management control system…………….. 8
Learning outcome 3.1 Sources of finance …………………………………… 9
Learning outcome 3.2 Distribution of finance……….……………………… 10
Learning outcome 3.3Monitoring and control….…………………………… 11
Conclusion
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Financial control

Introduction:
Finance is the basic for any business, without having revenues or profit no one can operate their business, without capital no entrepreneur can start a business. If you have great idea in mind for a business and you want to implement it, the first thing you would ever need is the finance, which may be in the form of money, cash, or credits etc.
Within an organisation finance ensures that there are adequate capital and funds are available in the organisation to support the activities of the business. (Mcgowan, 2008)
Company over view:
Suppers’ & Co, is a regional retail store, located in the main city of London, the store was founded by Josephs stone in 1990, He opened the store as a bakery operating himself as a baker in one of the multinational retailer, expanded it later on to a retail store. I work as a manager in the following organisation and have assigned to manage the accounts of the store for the next fiscal year.

1.1) Relationship between a financial system and other systems:
Financial system:
A firm’s financial system is a set of events which keeps record of the financial operations of and organisation. At a local level it is a system which enables borrowers and lenders to exchange funds.   It can be properly defined...