Financial Education - Financial and material resources for the manufacturing sectors

in financial •  2 months ago 

I have already mentioned in my previous posts, that internal control contributes to the organization of financial and material resources destined to the manufacturing sectors.

Source ( pwc )

Hence, its impact in the field of monitoring the assets of the entities plays an indispensable role to ensure the speed and reliability of the same.

In this sense, there are systems of integral structuring of internal control for the inventory areas of the manufacturing sector, which aim to identify the weaknesses and strengths that exist for the implementation of an accounting system.

As well as to describe the components of internal control and design systems adapted to the integrated framework of internal control at international level.

Source ( ey )

In this sense, entities must implement plans focused on internal control in order to examine accounting procedures and policies that allow effective decision making.

Transformational leadership and contextual performance
are the main factors that most influence organizational culture.

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