Financial control encompasses actions taken by the management of an organization to ensure that costs incurred and revenues generated are at acceptable levels. It involves the provision of financial information to management by accountants and utilizes techniques such as budgetary control and standard costing to highlight and analyze variances.
Management by Exception is a management principle where decisions that cannot be handled at one level are escalated to higher levels. It is also used in budgetary control to focus on significant variances, leaving small variances without intervention.
A zoning ordinance is a regulation enacted by city, county, or other local authorities to specify the types of land uses allowed in specific areas. These ordinances ensure orderly development and separate conflicting land uses.
