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.
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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
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