Module 7 Control


After completing this module, you will be able to: • explain control and the link between planning and control • name the characteristics of control as well as the different control mechanisms by giving practical examples


• apply the control process to a specific situation • name the different methods of control • explain budgeting by using examples • by means of an Income Statement and a Balance Sheet complete a ratio analysis (calculating the different ratios)


• calculating a break-even point for a business with one or more products • name the important technological tools, and give practical examples of the problems related to control


• explain why credit control is so important and point out the costs involved.


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