The collection of accounting processes and procedures that allow a business to keep accurate financial records, monitor accounts, prevent fraud and mistakes, and catch any discrepancies. A financial system allows a company to maintain accountability for expenditures and revenues, and to control their finances to minimize waste and loss.
Related information about financial system:
- Financial system - Wikipedia, the free encyclopedia
In finance, the financial system is the system that allows the transfer of money between savers (and investors) and borrowers. A financial system can operate on ...
- Global financial system - Wikipedia, the free encyclopedia
The global financial system (GFS) is the financial system consisting of institutions and regulators that act on the international level, as opposed to those that act ...
- Financial System Definition | Investopedia
A financial system can be defined at the global, regional or firm specific level. The firm's financial system is the set of implemented procedures that track the ...
- What is financial system? definition and meaning
Definition of financial system: The processes and procedures used by an organization's management to exercise financial control and accountability.
- Factsheet -- Financial System Soundness
Sep 28, 2012 ... Weak financial institutions, inadequate regulation and supervision, and lack of transparency were at the heart of the financial crises of the late ...
- Committee on the Global Financial System
The Committee on the Global Financial System (CGFS), which is chaired by William C Dudley, President and Chief Executive Officer of the Federal Reserve ...
- Economist's View: Financial System
2 hours ago ... The financial crisis occurred because the financial system has changed in very significant ways. The measurement system needs to change in ...
- Kuali Financial System | Kuali Foundation
The Kuali Financial System (KFS) project is working to create and enhance a comprehensive suite of financial software that meets the needs of all Carnegie ...