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.
Your initial post should be at least 200 words in length.
Baack, D., Reilly, M., & Minnick, C., & (2014). The five functions of effective management(2nd ed.). San Diego, CA: Bridgepoint Education, Inc.