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2.1)Financial Control Criteria
Financial performance measures are used by managers to monitor thow the implementation of the company strategy works and tangible outcomes of the strategy.
Timely and accurate funding data will always be a priority, and managers will do whatever necessary to provide it. In fact, often there is more than enough handling and processing of financial data, it is hoped that more of the processing can be centralized and automated. But the point is that the current emphasis on financials leads to the "unbalanced" situation with regard to other perspectives. The traditional measures used by companies are Return-on Investment(ROI), Return-on Asset(ROA),Return on Equity(ROE),for banks net interest income, risk analysis,in addition hand vertical, horizonatal and ratio analysis of statements
Certainly,Garanti Bank and Anadolubank both mainly implement Bureaucratic Control systems in Financial control .Because financial measures needs to be controlled strictly, bureaucratic control systems; formulas ,written rules ,analysis reports are used to monitor financial measures.
Financial statements analysis such as income statement analysis and balance sheet analysis, budget reports, statistical reports and assessment of operations reports are commonly used by Anadolubank and Garanti Bank.. In the organization structure , finance departments perform the task of analysis and reporting these measures.
Both Anadolubank and Garanti Bank are concerned with Risk Management.
Risk management at Anadolubank is structured under the Senior Risk Management Committee with Credit Risk, Market Risk, and Operational Risk Committees reporting to it. Additionally, the Risk Management Department carries out the decisions taken by these committees and the numerical studies necessary to assess banking risks. This department keeps the risk management processes active throughout the entire organization and ensures that they are effective and efficient....
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