Management Control Systems, 5th edition

Kenneth Merchant
, Wim Van der Stede

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The market-leading textbook in understanding management control systems

Management Control Systems, 5th edition is the latest edition of the bestselling textbook in 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 background in management, the book's clear style introduces the authors’ leading framework, explaining a wide variety of performance measures and controls, as well as how to use them – while the extensive range of 75 case studies shows what this looks like in real businesses.

ISBN-13: 9780135339190

Subject: Accounting & Taxation

Category: MBA Management Accounting

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