Accounting Roles of Manager

The video tutorial covers four key roles in management: planning, controlling, evaluating, and decision making. Planning involves setting goals and creating strategic and operational plans, including budgeting. Controlling focuses on monitoring daily operations and making necessary adjustments. Evaluating compares actual results with planned outcomes to assess performance. Decision making involves choosing the best course of action from available alternatives.

What is the primary focus of strategic planning?

• Financial budgeting

• Daily operations

• Long-term direction

• Short-term implementation

Which aspect of planning involves creating a detailed financial plan for the future?

• Budgeting

• Operational planning

• Strategic planning

• Controlling

What is the main purpose of controlling in management?

• Setting long-term goals

• Choosing between alternatives

• Monitoring daily operations

• Assessing managerial performance

How does evaluating help in management?

• By setting new goals

• By selecting a course of action

• By comparing actual results to the budget

• By monitoring daily tasks

What is the key activity involved in decision-making?

• Choosing a course of action

• Setting financial goals

• Comparing results to plans

• Monitoring operations