TOOLKIT FOR FINANCIAL INDICATORS: ENHANCING FINANCIAL CONTROL IN CORPORATIONS

Abstract

This study describes creating and evaluating a comprehensive framework for determining and controlling value deviations of corporate financial indicators. The toolkit consists of an impact control matrix for assessing risk factors, the categorization of indicators into risk zones, a method for determining deviations from strategic values using Monte Carlo simulation, and tools for monitoring and modifying financial risk indicators. The toolkit improves operational and strategic financial management’s financial control by providing predictive and situational self-controlling tools. This research aimed to create a universal toolkit for monitoring deviations and disseminating indicators by risk areas. Several scientific methods were utilized, including categorization, an impact control matrix, monitoring tools, and the Monte Carlo method. The toolkit introduces a new trend in corporate financial indicator control. This methodological arsenal for determining and controlling value deviations of economic indicators paves the way for a new approach to corporate financial management.