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Title: Reviewer about Management - Controlling
Description: Super easy to absorb reviewer about Management - controlling
Description: Super easy to absorb reviewer about Management - controlling
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BUSINESS ADMINISTRATION
PART 5 - CONTROLLING
Control
Controller
Controlling
Control Standard
the regulation of organizational activities in such a way as to facilitate goal attainment
...
ESTABLISH STANDARDS
2
...
COMPARE PERFORMANCE AGAINST STANDARDS
4
...
PHYSICAL RESOURCES
2
...
INFORMATION RESOURCES
4
...
Adapting to Environmental Change
2
...
Coping with the Organizational Complexity
4
...
STRATEGIC CONTROL
Focuses on the processes that the organization uses to transform resources into product or services
...
Choices of Control:
Centralization creates more control and coordination,
Decentralization fosters adaptability and innovation
...
STRUCTURAL CONTROL
Concerned with how the elements of the organization’s structure are serving their intended purpose
...
3
...
PRELIMINARY CONTROL
SCREENING CONTROL
POSTACTION CONTROL
Attempts to monitor the quality or quantity of financial, physical, human, and
information resources before they actually become part of the system
...
3
...
FINANCIAL STATEMENT
BALANCE SHEET
INCOME STATEMENT
A profile of some aspect of an organization’s financial circumstances
...
A summary of financial performance over a period of time
...
(FINANCIAL) AUDIT
External audits
Internal audits
An independent appraisal of an organization’s accounting, financial, & operational systems
...
appraisals conducted by employees of the organization
...
reflect the firm’s ability to meet long-term financial obligations
...
estimate the ability of the firm to pay the interest expenses on money it has borrowed
...
Title: Reviewer about Management - Controlling
Description: Super easy to absorb reviewer about Management - controlling
Description: Super easy to absorb reviewer about Management - controlling