Financial control refers to the processes and practices that organizations use to manage their financial resources effectively. This includes budgeting, monitoring expenses, and ensuring that financial activities align with the overall goals of the organization. By implementing financial control measures, businesses can track their income and expenditures, helping to prevent overspending and financial mismanagement. Effective financial control also involves regular reporting and analysis of financial data. This allows organizations to identify trends, assess performance, and make informed decisions. Tools such as financial statements, budgets, and audits are commonly used to maintain financial control and ensure accountability within the organization.