Financial Control definition

Financial Control. Means the procedures and policies by which the Union monitors and controls the direction, allocation, and usage of its financial resources
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Financial Control shall have the meaning set forth in Section 3.2.
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Financial Control means any form of control relating to the management of pubic resources and activities, which is exercised by virtue of special powers and procedures, including budget control, financial inspection control, tax control, customs control, etc.
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Examples of Financial Control in a sentence

  • The Bureau of Financial Control of the State shall not approve any account nor order and direct payment of any account for the purchase of any commodity covered by this contract certification when the purchase price is in excess of the maximum price fixed in this purchasing regulation.

  • The State Bureau of Financial Control shall not approve any account nor order and direct payment of any account for the purchase of any commodity covered by this Contract when the purchase price is in excess of the maximum price fixed in this Agreement.

  • Sales Tax Revenues are the revenues collected from the Sales Tax less (i) administrative expenses of the New York State Financial Control Board and the Office of the State Deputy Comptroller (the “State Oversight Retention Requirements”), and (ii) State administrative costs.

  • These functions include Credit Risk, Market Risk, Operational Risk, Financial Control and Internal Audit.

  • State Bureau of Financial Control shall not approve any account nor order and direct payment of any account for the purchase of any commodity covered by this Contract when the purchase price is in excess of the maximum price fixed in this Agreement.

  • Therefore, under the direction of the State Controller / Financial Control Division Director, the Financial Control Division (FCD) of the New Mexico Department of Finance & Administration undertook action to address the situation.

  • Internal Financial Control And Their Adequacy The Board has adopted policies and procedure for ensuring the orderly and efficient conduct of its business, including adherence to the company’s policies, the safeguarding of its asset, the prevention and detection of fraud and error, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial disclosure.

  • The Company has its Internal Financial Control systems commensurate with operations of the Company.

  • The head of the Financial Control Department shall be the head of the Audit Authority.

  • The Financial Control Department of the Ministry of Finance of the Republic of Estonia shall act as the Audit Authority.


More Definitions of Financial Control

Financial Control means the public financial management as described in the Third Schedule;
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Financial Control. On the Closing Date, Total shall have the exclusive right to control MR's finances and shall immediately assume responsibility for handling all financial affairs of MR including, without limitation, collecting accounts receivable and assuring that all accounts payable and other debts are timely paid. Total shall take responsibility for the finances, accounting, administration, personnel and all management functions and shall be responsible for the operation of MR except to the extent such duties may be delegated to Michel and Xxxxx pursuant to their Employment Agreements.
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Financial Control. The responsibility for overseeing the proper management of funds lies first with the Swiss Beneficiary. The Swiss Beneficiary must ensure that expenditure reflects the realities and is consistent with the work done, this also for the part claimed by the Romanian beneficiary. Subsequently, SNSF examines the financial reports of the whole JRP first in connection with the project progress and also on the basis of the supporting documents (receipts, reports, etc..) attached to the reports. UEFISCDI, in turn, check in the same way the Romanian part of the financial report. The financial report must be accompanied by original receipts for any single expense. The accounting shall be done according to the approved budget categories (Annex B of the Grant Agreement). Rebates, discounts and the like shall be regarded as cost reductions and must be declared as such in the financial report.
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Financial Control. The responsibility for overseeing the proper management of funds lies with the “Swiss and Croatian PI”. The SNSF only checks the reports for the expenses contributed by Switzerland (86.91%), while the CSF is responsible for checking the Croatian contribution (13.09%). Subsequently, the SNSF and the CSF examine the financial reports of the whole JRP first in connection with the project progress and also on the basis of the supporting documents (receipts, reports, etc.) attached to the reports. Rebates, discounts and the like shall be regarded as cost reductions and must be declared as such in the financial report.
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Financial Control means a religious institution or place of worship shall be 10
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Financial Control means the set of activities carried out to verify the economy, effectiveness, efficiency and purposefulness of financial transactions or their parts prior to and when carried out, until their full settlement and clearance and the achievement and maintenance of the results and objectives of the financial transactions or their parts;
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Related to Financial Control

  • Financial Contract of a Person means (i) any exchange-traded or over-the-counter futures, forward, swap or option contract or other financial instrument with similar characteristics or (ii) any Rate Management Transaction.

  • Financial Counterparty has the meaning given to such term in, and shall be interpreted in accordance with, 12 C.F.R. 252.81, 12 C.F.R. 382.1 and 12 C.F.R. 47.2.

  • Qualified Financial Contract means a qualified financial contract as defined in 12 U.S.C. Section 1821(e)(8)(D).

  • Financial Report means the annual financial report prepared under Chapter 2M of the Corporations Act for the Company and its controlled entities;

  • Financial Quarter means the period commencing on the day after one Quarter Date and ending on the next Quarter Date.

  • Financial Reporting Measure means any measure determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and any measures derived wholly or in part from such measures, including GAAP, IFRS and non-GAAP/IFRS financial measures, as well as stock or share price and total equityholder return.

  • Financial Reporting Measures means measures that are determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and all other measures that are derived wholly or in part from such measures. Stock price and total shareholder return (and any measures that are derived wholly or in part from stock price or total shareholder return) shall, for purposes of this Policy, be considered Financial Reporting Measures. For the avoidance of doubt, a Financial Reporting Measure need not be presented in the Company’s financial statements or included in a filing with the SEC.