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.
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Baack, D., Reilly, M., & Minnick, C., & (2014). The five functions of effective management(2nd ed.). San Diego, CA: Bridgepoint Education, Inc.