Management Control Systems

Management control, in the broadest sense, includes the plans of the organisation, methods and procedures adopted by management to achieve the predetermined goals through effective and efficient allocation of resources. This textbook has been scrupulously designed by the author to help the students conceptualise a building block approach and implement an effective management control system. It addresses all the sub-systems of management control system that help an organisation achieve its objectives. In addition to the underlying concepts, latest tools and techniques, the book contains detailed discussion on applications of management control system in different contexts and different functional areas. The students doing MBA and majoring in finance with an emphasis on management control, and practicing professionals in this field will be immensely benefited by this textbook. Key Features The book has been extensively class-tested by the author during the course of his teaching experience Illustrative examples have been used throughout the book for better understanding of various related concepts and issues discussed