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Improving the Financial Control – A Priority of Corporate Management Nowadays

Author

Listed:
  • Viorel Lefter
  • Costantin Roman
  • Cleopatra Sendroiu
  • Aureliana Geta Roman

    (Academy of Economic Studies, Bucharest)

Abstract

The control serves for dynamic, preventive and real-time delivery of information and increases the quality of decisions. It reaches the essence of the phenomena, notices the negative aspects when they appear as tendency and intervenes operatively for preventing and canceling the causes. The control evaluates the results in comparison with the established norms and objectives, but it also contributes to preventing tendencies and phenomena that need corrective decisions. The control represents a form of improving the manner in which the patrimony is administrated, a form of organizing and conducting the activity of patrimonial units.

Suggested Citation

  • Viorel Lefter & Costantin Roman & Cleopatra Sendroiu & Aureliana Geta Roman, 2007. "Improving the Financial Control – A Priority of Corporate Management Nowadays," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 4(4(509)), pages 29-36, April.
    • Handle: RePEc:agr:journl:v:4(509):y:2007:i:4(509):p:29-36
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