Financial control is divided into preliminary and subsequent control on the basis of the duration of the control and the character of the tasks performed. Preliminary control precedes the expenditure of monetary resources and material assets and the receipt of income; it is used to prevent expenditures that are neither expedient nor in conformity with the law. Preliminary control is control over the compilation, examination, and approval of, for example, estimates, financial plans, and budgets. Subsequent control is exercised after the expenditure of resources and the receipt of income. On the basis of records and accounts, this type of control provides information on the amount of revenue received and the timeliness of the receipts, on the condition of material assets and the availability of monetary resources, and on breaches of financial discipline. It is also instrumental in devising measures that can be used to recoup losses and eliminate shortcomings.066