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CIRCULAR 12/2008: FINANCIAL MANAGEMENT AND CONTROL PROCEDURES FOR THE EU STRUCTURAL FUNDS Programs 20072013. Secretary General, 1. I am directed by the Minister for Finance to advise Managing Authorities,
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Financial management and control involves the processes and activities undertaken by an organization to ensure effective and efficient use of its financial resources. It includes planning, budgeting, monitoring, and reporting of financial activities.
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The information reported on financial management and control typically includes financial statements such as balance sheet, income statement, and cash flow statement. It may also include details of expenses, revenues, assets, liabilities, and any relevant financial metrics or ratios.
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