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[2] Financial statements may be used by users for different purposes: Owners and managers require financial statements to make important business decisions that affect its continued operations. Financial analysis is then performed on these statements to provide management with a more detailed understanding of the figures.
A variety of checks against abuse are usually present to prevent embezzlement by accounts payable personnel. Separation of duties is a common control. In countries where cheques payment are common nearly all companies have a junior employee process and print a cheque and a senior employee review and sign the cheque.
Financial management is the business function concerned with profitability, expenses, cash and credit. These are often grouped together under the rubric of maximizing the value of the firm for stockholders.
Textbooks used in universities offering financial planning-related courses also generally do not define the term 'financial plan'. For example, Sid Mittra, Anandi P. Sahu, and Robert A Crane, authors of Practicing Financial Planning for Professionals [9] do not define what a financial plan is, but merely defer to the Certified Financial Planner Board of Standards' definition of 'financial ...
Domestically, Al-Ahli has won 9 Saudi Professional Leagues, and also holds the record of 8 Kings Cups, six Crown Prince Cups, one General League Shield, and one Super Cup 3 Federations Cup 3 Masuaf In international club football, they have won a record equal of 3 GCC Champions League and 1 Arab Club Championship. Al-Ahli was the first Saudi ...