Management Control Systems, 5th edition

Published by Pearson (October 22, 2024) © 2025

  • Kenneth Merchant University of Southern California
  • Wim Van der Stede London School of Economics
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Title overview

The bestselling advanced management accounting text

For Management Control or Advanced Management Accounting modules on undergraduate, postgraduate or MBA courses.

Management Control Systems, 5th edition is the latest edition of the bestselling textbook in the field of management accounting, renowned for its authorship and excellently researched material. An essential learning resource presenting a wealth of international examples from real companies, this text will help you gain a solid grasp of this important subject.

Whether or not you have a management background, the clear explanations in this textbook will introduce you to the authors' leading framework and approach, helping you understand a wide variety of performance measures and controls as well as how to use them. Its extensive range of 75 case studies grounds the concepts in reality, emphasising the difference that well-designed controls can make.

Table of contents

  • Section I: The Control Function of Management
  • Chapter 1: Management and Control
  • Section II: Management Control Alternatives and Their Effects
  • Chapter 2: Result Controls
  • Chapter 3: Action, Personnel and Cultural Controls
  • Chapter 4: Control System Tightness
  • Chapter 5: Control System Costs
  • Chapter 6: Designing and Evaluating Management Control Systems
  • Section III: Financial Result Control Systems
  • Chapter 7: Financial Responsibility Centers
  • Chapter 8: Planning and Budgeting
  • Chapter 9: Incentive Systems
  • Section IV: Performance Measurement Issues and Their Effects
  • Chapter 10: Financial Performance Measures and Their Effects
  • Chapter 11: Remedies to the Myopia Problem
  • Chapter 12: Using Financial Result Controls in the Presence of Uncontrollable Factors
  • Section V: Objectives Beyond Profit Maximization
  • Chapter 13: Management Control Implications Stemming from the Broader Goal of Stakeholder Welfare Maximization
  • Chapter 14: Management Control in Not-for-profit Organizations
  • Section VI: Corporate Governance, Important Control-Related Roles, and Ethics
  • Chapter 15: Corporate Governance and Boards of Directors
  • Chapter 16: Controllers and Auditors
  • Chapter 17: Management Control-Related Ethical Issues
  • Index

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