Explain why the four steps involved in the controlling function are important.

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.                                                                                                                                                  Should be at least 200 words in length.                                                                                                                         Support claims with examples from scholarly resources, and properly cite any references. 

 
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