1. WELCOME

2. Chapter:10 Controlling

3. Concept of Controlling
Controlling is the basic management function of –
(1) establishing benchmarks or standards,
(2) comparing actual performance against them, and
(3) taking corrective action, if required.

4. Features of Controlling
Final stage
Dependency on basis
Periodical work
Continuous process
Scope
Work of upper executive

5. Lesson Evaluation What is controlling? Define periodical work.
Why controlling is called the continuous process?

6. Importance of Controlling
Establishing order
Aid to detection of problem
Quick implementation of plans
Developing next plan
Initiating quick corrective action
Removing deception& over-expectation
Easy delegation of authority

7. Principles of controlling
1.Principle of suitability
2.Principle of simplicity
3.Principle of promptness
4.Principle of flexibility
5.Principle of future looking
6.Principle of exception
7.Principle of economy
8.Principle of efficiency

8. Principles of controlling
1.Principle of suitability
2.Principle of simplicity
3.Principle of promptness
4.Principle of flexibility
5.Principle of future looking
6.Principle of exception
7.Principle of economy
8.Principle of efficiency

9. Various Steps of Controlling Process
Setting Standard
Measuring Performance
Comparison of actual performance with standard
Determination & Evaluation of deviations
Taking corrective action

10. Important techniques of controlling
Budgetary Control Techniques
Budget
Non-budgetary control Techniques
1.Quantative data analysis
2.Special report analysis
3.Personal observation
4.Internal Audit
5.Break-even analysis
6.Analsis of financial statement
7.Return on investment
Planning & Controlling Techniques
1.Gantt Chart
2.PERT

11. Evaluation What is Return on investment analysis? What is BEP?
What is internal audit?

12. GANTT chart

13. GANTT chart

14. PERT

15. Self-assessment Description Controlling technique
Monthly departmental income & expenditure plan
Controlling by supervision
Comparing output with weekly sales target
Sales progress discussion bu departmental head
Adopting annual production pln
Reviewing labor unrest report