Asked by Jovelyn Angell on Apr 24, 2024

Control involves the process of instituting procedures and then obtaining feedback to ensure that all parts of the organization are functioning effectively and moving toward overall company goals.

Control Phase

The stage in a process or project where monitoring occurs to ensure that objectives are being met and to implement corrective actions if necessary.

Overall Company Goals

Broad and general objectives that an organization seeks to achieve over a long-term period, guiding its mission and strategic direction.

  • Understand the fundamental principles of managerial accounting.