财务控制作为管理援助外文翻译.docVIP

外文翻译 原文 Financial Control as an Aid to Management Material Source: Author: P.T.Menzies The fundamental objective of the management of every manufacturing and commercial concern must be to sell its products with the maximum profit in the long term. It is always possible to produce additional profits in the short term by sacrificing long-term objectives in favor of immediate economies. However, the overall picture of profits, short- and long-term, is more important. To ensure profitability in the longer term, the manufacturer has to put him into a business in which he can reasonably expect to be successful, to buy the materials best suited to his job, to pay the salaries and wages required to secure good employees, and to seek a satisfactory margin of profit. A manufacturer must first select or create a market for his products; he must then supply products of the right quality, at the right price, and in quantities adequate to meet market requirements with the minimum overall expenditure on the three basic factors of production — that is capital, materials and manpower. The purpose of financial control is to help the managers of the business at all levels to do just that. The Role of Financial Control The aim of financial control is, in the first place, to ensure that information is made available which will enable management to decide on the best course of action. It is not sufficient merely to forecast events or results —it must produce an affirmative plan for the future. Situations have to be created so that the maximum benefit can be derived from them and every possible improvement in performance must be used. The second aim of financial control is to see to it that divergences from plan are ascertained, corrective action applied and, if necessary, the plan adjusted. So every manufacturer who wishes to run his business successfully has first to decide upon what he is trying to do, and then to formulate a policy to achieve maximum effect in his decisions. It