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Financial analysis helps all stakeholders to have idea about the financial strength, liquidity, growth, profitability, future direction of the company whereas management control oversees all the key functions including production, quality, sales , hr policy along with the financial matters.
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The "Financial Analysis" is one of the pivot elements for "Management Control", especially for budgeting and finance.
Both are interrelated. Without proper financial analysis a company cannot do its Management Control.
So, the Financial Analysis is the path towards Management Control.
I thank you my teacher, at this question
Financial Analysis explain to manage the financial situation of the company, as the following analysis helps to assess the current financial situation and take the necessary decisions and actions, which will improve the company's performance, or growth and development if the company achieved good results.
to highlight the financial implications of plans
to define the resources required to achieve these plans
to provide a means of measuring, viewing and controlling the obtained results, in comparison with the plans
I think that Financial Analysis & management control, needs the preparation of budget in an entity, which provide performance criteria
