Essay --

Related to this Management Project numerous specialized academic articles and books has been read to gain profound insight and comprehensive knowledge nigh the field of research as come up as elucidate theoretical facts of this project. In addition, relevant literature was collected to build a theoretical foundation to answer the Research questions stated above. compulsoryNowadays Controlling is a frequently used phrase in any rail line and is a derivation of to (be in) control (Oxford University Press, 2014). Especially these days with a pronto changing, rough business environment it is of crucial importance to monitor and analyze companies internal processes. The basic attention function of Controlling is to (1) establish benchmarks or standards, (2) comp be actual performance against them, and (3) take corrective action, if required (Oxford University Press, 2014). gibe to the University of Louisiana (2008), Controls ar any actions taken by the management to make up the likelihood that established goals and objectives are achieved.Internal ControlWithin cordial reception operations managers need accurate and always current information, provided by management accounting systems, to be able to carry out their duties effectively. These information volition be used by the executives to implement new procedures and for decision make to enhance the efficiency of operations, to fortress assets, to drive sales as well as maximizing the profitability of the business (Chibili, 2010). The American Institute of certified Public Accountants, called AICPA, has defined Internal Controls as, Internal control comprises the plan of government and all of the coordinate methods adopted within a business to safeguard its asset... ...well as regulations of an organization (Chibili, 2010).Control activities can be of different types. They are classified as directive, preventative or detective. Directive controls are those intentional to establish desired outcome s preventative controls are designed to prevent errors, irregularities or inapplicable events from occurring and detective controls are those designed to detect and correct undesirable events which have occurred. Directive control activitiesThese are activities designed to guide a business towards appointed desired outcomes. For the most part directive controls are shaped in the form of written procedures, guidelines, policies, laws and regulations. (State University of New York - New Paltz, 2005) furthermore internal training seminars, meetings as well as job descriptions digest a directive control force. (University of Louisina, 2008)