Accounting Roles of Manager

The video tutorial covers four key roles in management: planning, controlling, evaluating, and decision making. Planning involves setting goals and creating strategic and operational plans, including budgeting. Controlling focuses on monitoring daily operations and making necessary adjustments. Evaluating compares actual results with planned outcomes to assess performance. Decision making involves choosing the best course of action from available alternatives.

Why is controlling important in the management process?

What factors should be considered in the decision-making process?