Management Control System (4 Credits)

Learning Outcomes:

Define role of management In management control systems; Analyze management control alternatives with their effects; Analyze financial results as control systems; Solve performance measurement issues and its effects; Explain how corporate governance related to management control systems; and how environmental uncertainty, organizational strategy, and multinationality affected management control systems

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 Compensation Systems
9. Financial Performance Measures and their Effects
10. Combinations of Measures and Other Remedies to the Myopia Problem
11. Using Financial Results Controls in the Presence of Uncontrollable Factors
12. Corporate Governance and Boards of Directors
13. The Effects of Environmental Uncertainty, Organizational Strategy, and Multinationality on Management Control Systems