NEW TOOLS, METHODS, PROCEDURES IN CONTROL(-LING)

Abstract

Controlling is a constantly ongoing managerial process of designing standards, measuring performance, comparing the performance with standards, and implementing corrective actions to ensure effective and efficient running of the organization's activities. It represents one of the basic functions in management in Anglo-American understanding. Its importance has significantly risen during the last economic crisis. Other managerial functions include planning, organizing and leadership as well as staffing, decision making, analyzing and implementing. This paper does not understand the concept of management accounting under the term controlling (German meaning). Based on results of our questionnaire survey in 331 companies operating in Slovakia, which collected data at the turn of 2016 and 2017, we analyze new tools, methods and procedures in controlling, which were introduced in companies operating in Slovak Republic over the prior year. We analyze the research results according to the different characteristics of our research sample, such as size of the company (no. of employees), economic result, respondent's position in the organizational structure of the company etc.