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.