Aperçu des sections
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This space is dedicated for questions about the course, all students can view the question and its answer.
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Dear student, welcome to the first chapter of the management control course. This chapter contains the following elements:
Chapter 1 : Introduction to Control Management
- Why do we need Management Control?
- What are the limitations of financial accounting?
- What is Control Management?
- Factors Influencing Control Management System (MCS)
- Boundaries of Management Control
- Management Control Activities
- Management Control Tools
- Management Control Vs Audit
- Management Control Process
- Control Alternatives of Management Control
Referencies
- 1.Robert Newton Anthony, John Dearden, Richard F. Vancil, Management Control Systems: Cases and Readings, R.D. Irwin, 1965.
- 2.Robert N. Anthony, The Management Control Function, Harvard Business School Press Boston, Massachusetts, 1988.
- 3.Robert N. Anthony, Vijay Govindarajan, Frank G.H. Hartmann, Kalle, Management Control Systems, First European Edition, 2014, McGraw-Hill Education (UK)
- 4.Kenneth A. Merchant, Wim A. Van der Stede, MANAGEMENT CONTROL SYSTEMS: performance Measurement, Evaluation and Incentives, 4th Edition, Pearson Education Limited, 2017
- 5.Robert H. Chenhall, Management control systems design within its organizational context: findings from contingency-based research and directions for the future, Accounting, Organizations and Society 28 (2003)127–168
- 6.Françoise GIRAUD • Olivier SAULPIC, Gérard NAULLEAU • Marie-Hélène DELMOND, PierreLaurent BESCOS, Contrôle de Gestion et Pilotage de la Performance, 2e édition, Gualino éditeur, Paris, 2004
- 7.Marie-Noëlle Désiré-Luciani, Daniel Hirsch, Nathalie Kacher, Marc Polossat, Le grand livre du contrôle de gestion, Eyrolles, 2013
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This chapter contains the following elements:
Chapter 2 : Control Management Environment
- Strategy and Control management
- Why Strategy?
- What is Strategy?
- Typs of Strategies
- Levels of Strategy
- Strategic Management
- Strategy and Control Management
- Management control and the organization’s structure
- What is Organizational Structure?
- Importance of Organizational structure:
- Centralized vs. Decentralized Organizational Structures
- Types of Organizational Structures
- Responsibility centers
- Responsibility Centers and Management Control
- Organizational Behavior and management Control
- Definition of Organizational Behavior
- Elements of Organizational Behavior
- Relationship with Management Control
References:
Books mentioned in chapter one, and:
- Christopher Paul et al, Alert and Ready: An Organizational Design Assessment of Marine Corps Intelligence, RAND Corporation, 2011.
- T. L. Wheelen and J. D. Hunger, Strategic Management and Business Policy, , 2012
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Chapter 3: Budgeting as a tool of Management Control
Why Budgeting?
What is Budgeting?
Advantages of Budgeting
Disadvantages of Budgeting
The Budgeting Process
- Preparation and Planning
- Budget Formulation
- Negotiation and Approval
- Implementation
- Evaluation and Control
- Reporting and Review
The Budgeting Components
- Sales Budget
- Production Budget
- Direct Material Purchases Budget
- Direct Labor Budget
- Factory Overhead Budget
- Selling and Administrative Expense Budget
- Cash Budget
- Budgeted Income Statement and Balance Sheet
Referencies
Larry M. Walther, Budgeting: Planning for Success – Budgeting and Decision Making, 1st edition, 2010 .
Steven M. Bragg, Budgeting The Comprehencive Guide, 4th ed, AccountingTools, 2017.
Michele Cagan, Budgeting 101 , Adams Media, 2013.
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Chapter 4 Cost Systems as a tool of Management Control
What is a Cost System
Cost System functions
Characteristics of an effective costing system
Costing Systems
- Traditional systems
- The PLANT-WIDE Overhead Rate or the US method
- The Homogeneous Sections of the French method
- Limits of Traditional Costing Systems
- Environmental Obstacles
- Organizational-Level Obstacles
- Technical Obstacles
- Activity Based Costing
- Definition of ABC
- Objectives of the Activity-Based Costing (ABC) system
- The difference between ABC and the traditional system:
- The System Copmonents
- Stages of establishing the ABC system:
- Information provided by the ABC system
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