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Practical Aspects Of Financial Controlling In A Company

Author

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  • Lyudmil Krastev

    (D. A. Tsenov Academy of Economics)

Abstract

Financial controlling facilitates the managers of companies in making the right managerial decisions. The process of controlling includes planning, control and analysis. Planning is associated with setting goals and developing planned budgets, control – with detecting deviations from the goals, whereas analysis is associated with disclosing the reasons for these deviations. The information system occupies a central place in financial controlling. It includes a system of indicators; the leading indicator being considered as an objective. The role of information systems in controlling is to link planning activities, control and analysis. This article presents the application of the information system of financial controlling in a particular company – an insurance company operating in the sector of General Insurance.

Suggested Citation

  • Lyudmil Krastev, 2018. "Practical Aspects Of Financial Controlling In A Company," Economic Archive, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 1 Year 20, pages 3-17.
    • Handle: RePEc:dat:earchi:y:2018:i:1:p:3-17
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    File URL: http://hdl.handle.net/10610/3873
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    More about this item

    Keywords

    controlling; financial statements; financial analysis;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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