Presently, during the globalization of economy, increasing uncertainty in the business environment and the emergence of global rivalry, sustainable development of economic entities is impossible without strategic management based on new approaches and principles. In this regard, there is a growing interest to the new management concept called controlling. However, despite the fact that the first mention of controlling dates back to the 15th century, there is still no clear idea about this category including its functional features, which are constantly transforming under the influence of the development of scientific thought and changes in the state of the economy. Meanwhile, the presence of a large number of attempts by Russian and foreign scientists to describe the functionality of the "controlling" category allows to conduct an extended analysis and identify the most important elements of management that will provide the sustainable development of modern enterprises considering the specifics of the current