Financial control definition

Financial control shall have the meaning set forth in Section 3.2.
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;
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.

Examples of Financial control in a sentence

  • The execution of the Task will comprise the following activities: [– Financial control and time management – Delegation of work – Status meetings and preparation of one or more reports] AU has appointed the following individuals to carry out the Task: [indicate name of individual and the department of AU at which the person is employed].

  • The NewProt Project Management will have the following tasks: • Management of communication • Organisation of meetings • Project reporting • Financial control and reporting Intensive communication is instrumental for the success of a collaborative project.

  • Annex – "Hand on the Tap" for e-mobility Financial control: if developments cause the situation to move at a faster or slower pace than the agreed financial framework, we will adjust the incentive package.

  • Financial control: The responsibility for overseeing the proper management of funds lies with the Swiss and Ukrainian Beneficiaries.

  • Financial control Independent contractors are especially likely would have.

  • Financial control - In carrying out its duties hereunder, the Contractor will be responsible for: all business expenses incurred; any facilities or equipment it requires; managing its resources to meet obligations to the State and any other parties; all employment or contract issues with its staff; and managing any fluctuations in the cost of providing services.

  • Financial control costs incurred by APUC include costs for audit services and tax services.

  • Date: 21 June 2019 Schedule 1: The Project (including Allocated Work) Schedule 2: The Award (award letter) Schedule 3: Breakdown of costs to Collaborating Organisations Schedule 4: Executive Group Schedule 5: Financial control matters, Anti-Bribery and Anti-Corruption The Lead shall pay to Oxford, the funded amount detailed in the table below, subject to receipt from the Funder.

  • Financial control is foreseen in the form of periodic financial reports and bank statements exchanged between Balkan Federation and the Balkan Federation 2007 Congress Organising Committee on transactions and activities handled by each of the two parties denominated in this Letter of Agreement.

  • Financial control shall be entrusted to one or more individuals chosen from among the personnel of the members.


More Definitions of Financial control

Financial control means the public financial management as described in the Third Schedule;
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 ▇▇▇▇▇ pursuant to their Employment Agreements.
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.
Financial control means a religious institution or place of worship shall be 10
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.

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 shall have the meaning given in subsection 2.3.1 of this Agreement.