CBSE Class 12-commerce Business Studies Part I Introduction to Controlling

Understand the meaning of Controlling from the CBSE Class 12 Commerce Business Studies Part 1 syllabus chapter Controlling at TopperLearning. Refer to our revision notes, sample papers, video lessons, MCQs etc. to learn more about the topic.

Controlling is the comparison of actual performance with planned performance. This chapter comprises various concepts like the definition and meaning of controlling, importance of controlling, limitations of controlling, relationship between planning and controlling, controlling process, deviation, techniques of managerial control, traditional technique – personal observation, statistical reports, budgetary control, modern techniques – ratio analysis, liquidity ratio, solvency ratio, profitability ratio, turnover ratio, management audit, responsibility accounting, cost centre, revenue centre, profit centre and investment centre.