People Innovation Excellence
 

MANAGEMENT CONTROL SYSTEM (2 Credits)

Learning Outcomes:

On successful completion of this Course, students will be able to: Explain the control function of management; Explain the management control alternatives and their effects; Explain the financial results control systems; Explain the performance management issues and their effects; Explain the corporate governance, important control-related roles, and ethics related to management control.

Topics:

  1. Management and Control and Results Controls;
  2. Action, Personnel, and Cultural Controls;
  3. Control System Tightness;
  4. Control System Costs;
  5. Designing and Evaluating Management Control Systems;
  6. Financial Responsibility Centers;
  7. Planning and Budgeting;
  8. Incentive Systems;
  9. Financial Performance Measures and Their Effects;
  10. Remedies to the Myopia Problem;
  11. Using Financial Results Controls in the Presence of Uncontrollable Factors;
  12. Corporate Governance and Boards of Directors;
  13. Management Control-Related Ethical Issues.

Published at : Updated

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