Physical and Physical control: Difference between pages

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1.  
A physical control is an example of an internal control.<br />
Physical controls are mechanisms for protecting documents and technology from unauthorised physical access.<br />
For example, keeping payment technology in a locked separate area.<br />


In relation to derivative financial instruments, the ''physical'' is the underlying asset to which an option (or other derivative instrument) relates.
2.
Having a tangible existence, such as machinery. 
(Contrasted with intangible rights or other assets, such as goodwill.)




== See also ==
== See also ==
* [[Intangible assets]]
*[[Access control]]
* [[Underlying asset]]
*[[Internal control]]
 
*[[Personnel control]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Financial_products_and_markets]]

Revision as of 09:45, 30 May 2015

A physical control is an example of an internal control.
Physical controls are mechanisms for protecting documents and technology from unauthorised physical access.
For example, keeping payment technology in a locked separate area.


See also

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