This article throws light upon the two main tools of financial control. The tools are: 1. Financial Audit 2. Financial Ratio. Tool # 1. Financial Audit: Another effective control technique is the use of audits, which seek to examine activities or records to verify their accuracy or effectiveness. Financial information is only as good as data and interpretation on which [...]
Read this article to learn about the meaning, definition, importance and limitations of Controlling! Controlling is an important function of management which all the managers are required to perform. In order to contribute towards achievement of organisational objectives, a manager is required to exercise effective control over the activities of his subordinates. […]
Some of the major functions of management according to henry fayol are as follows: Different theorists have cut the pie of management in pieces of different size and shape. […]
