DISCUSSION:1 Analyze how the four steps of the control process and explain how each step contributes to the control function. Describe the three types of controls. How can the effectiveness of controls be assessed in an organization? Is this assessment different for a global organization?
In your response, please include detailed information on the four steps of the control process. Also, review the content on budgets and properly incorporate it into your response.
DISCUSSION:2 What is the primary financial control tool used to manage the operations of an organization and how can it equip managers with the information they need to make decisions? How are financial controls different for a global organization? Provide three examples.