One of the main objectives of management is to control the financial operations of the business to ensure shareholders wealth is maximized. Imagine you are given the job of the Chief Financial Comptroller/ Financial Accountant of a financial institution of your choice:

• Based on the financial institution of your choice identify no less than three aspects of a framework you need to use to effectively control the financial operations of the financial institution. Develop clear and cogent arguments of each aspects of your framework you identified to ensure the controlling function of management is performed effectively. (Marks 4)
• Develop no less than three recommendations of how the financial institution of your choice could improve the framework you identified above to improve/ strengthen the controlling function of management to control the financial operations. (Marks 4)