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CONTROLLING - Coggle Diagram
CONTROLLING
CHARACTERISTICS OF EFFECTIVE CONTROL
ACCURATIVE INFORMATION
COMPREHENSIVE OBJECTIVES
TIMELINESS
EASY TO OPERATE
ECONOMICAL
FLEXIBLE
ACCEPTANCE BY EMPLOYEES
OTHER CONTROL TECHNIQUE
AUDIT
BUDGET
STATISTICAL DATA
SPECIAL REPORTS AND ANALYSIS
INTERNAL OPERATION AUDIT
SELF EVALUATION BY MANAGERS
EFFECTIVE CONTROL PRINCIPLES
FLEXIBILITY
ACCURACY OF INFORMATION
TIMELINESS
FOCUS ON IMPORTANT FACTORS
ACCEPTANCE BY EMPLOYEES
IMPORTANCE OF CONTROLLING
INTERNAL AND EXTERNAL CHANGES IN AN ORGANIZATION
ORGANIZATION SIZES AND DECENTRALIZATION
MISTAKES
ALLOCATION OF POWER AND RESPONSIBILITIES
TYPES OF CONTROL
CONTROL TYPES BY TIMING
FEED FORWARD CONTROL
CONCURRENT CONTROL
FEEDBACK CONTROL
FINANCIAL CONTROLS
FINANCIAL STATEMENTS
BREAK-EVEN ANALYSIS
BALANCE SHEET
THE FUNDS FLOW STATEMENT
RATIO ANALYSIS
LIQUIDITY RATIO
ASSET MANAGEMENT RATIO
DEBT MANAGEMENT RATIO
PROFITABILITY RATIO
BALANCED SCORECARD
CUSTOMERS PERSPECTIVE
INTERNAL BUSINESS PERSPECTIVE
FINANCIAL PERSPECTIVE
THE LEARNING AND GROWTH
BENCHMARKING
CONTROLLING PROCESS
SET THE STANDARDS
MEASURES THE ACTUAL PERFORMANCE
COMPARE THE ACTUAL PERFORMANCE WITH THE STANDARDS
TAKE CORRECTIVE ACTION
A PROCESS WHEREBY MANAGERS ENSURE THAT ACTUAL ACTIVITIES ARE CONDUCTED IN LINE WITH THE PLANNED ACTIVITIES AND TAKE CORRECTIVE ACTION