What does NFCM mean in FINANCE
The Novartis Financial Control Manual (NFCM) is a set of guidelines developed by the pharmaceutical company Novartis to ensure accurate financial management and compliance with applicable laws and regulations. It defines the processes, procedures and policies that must be followed when dealing with financial matters within the organization. The NFCM provides guidance on how to manage financial risks, prevent fraud, maintain internal control systems and comply with applicable standards, including those established by the Sarbanes-Oxley Act of 2002.
NFCM meaning in Finance in Business
NFCM mostly used in an acronym Finance in Category Business that means Novartis Financial Control Manual
Shorthand: NFCM,
Full Form: Novartis Financial Control Manual
For more information of "Novartis Financial Control Manual", see the section below.
Essential Questions and Answers on Novartis Financial Control Manual in "BUSINESS»FINANCE"
What is NFCM?
The Novartis Financial Control Manual (NFCM) is a set of guidelines developed by the pharmaceutical company Novartis to ensure accurate financial management and compliance with applicable laws and regulations.
What does NFCM provide guidance on?
The NFCM provides guidance on how to manage financial risks, prevent fraud, maintain internal control systems and comply with applicable standards, including those established by the Sarbanes-Oxley Act of 2002.
Is NFCM mandatory for all personnel dealing in financial matters?
Yes, NFCM is mandatory for all personnel dealing in financial matters at Novartis. All personnel are required to know about the guidelines outlined in the manual so they can ensure accuracy when dealing with financial transactions.
How often should I review my understanding of NFCM?
It is recommended that you review your understanding of NFCM at least annually or whenever there are changes made to relevant legislation or regulations.
Where can I find more information on NFCM?
More information can be found on the Novartis website as well as other websites that provide detailed information about Novartis Financial Control Manuals.
Final Words:
The Novartis Financial Control Manual provides important guidance for any personnel involved in overseeing or managing finance related activities within the organization. By following these guidelines, organizations can ensure accuracy when it comes to their finances as well as complying with applicable industry standards.
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