Management Control Systems

Learning Outcomes

On successful completion of this course, student will be able to: 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
2. Results Controls
3. Action, Personnel, and Cultural Controls
4. Control System Tightness
5. Control System Costs
6. Designing and Evaluating Management Control Systems
7. Financial Responsibility Centers
8. Planning and Budgeting
9. Incentive Compensation Systems
10. Financial Performance Measures and their Effects
11. Combinations of Measures and Other Remedies to the Myopia Problem
12. Using Financial Results Controls in the Presence of Uncontrollable Factors
13. Corporate Governance and Boards of Directors
14. The Effects of Environmental Uncertainty, Organizational Strategy, and Multinationality on Management Control Systems