Subject. This article discusses the issues of controlling the efficiency of invested capital as a calculated figure that determines the owners' interest in developing their business. Objectives. The article aims to identify the essential content of the category of invested capital and determine the main principles and features of its control by all interested parties. Methods. For the study, we used comprehensive, institutional, comparative, and functional approaches to analyzing the problem of accounting and analytical support for control. Results. The article highlights the specific nature of the concept of Invested Capital for the purposes of its control compared to common approaches, as well as the methodological gaps in existing methods of controlling invested capital. The research results confirm the need to build internal control over invested capital, which combines the owners' added control and the management's built-in control. Conclusions and Relevance. Invested capital is a calculated value determined based on accounting data. For control purposes, it has some peculiarities due to the inclusion of certain items supported by cash flow. The control of invested capital should be carried out through two levels of management hierarchy: at the owners' level (added control) and at the management level (built-in control), with both levels methodically linked through a system of indicators and analytical procedures. The research results can be applied when determining approaches to developing and establishing internal controls in organizations of different types and sizes, as well as for scientific discussion on this topic.
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