Explain why the four steps involved in the controlling function are important. Why is a good understanding of the various ratios used by accountants and managers important to the controlling function? Give specific examples.
Thank you for the opportunity to help you with your question!
controlling enables the organizations workforce to work in the defined plan of the organization and avoid deterrent practices that may make its goals achievable. analyzing of financial ratios is crucial in judging efficiency, identifying under-performance. eg profitability ratio can be used to control worker input
Please let me know if you need any clarification. I'm always happy to answer your questions.
Nov 19th, 2015
Did you know? You can earn $20 for every friend you invite to Studypool!