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Title overview

Teach the core principles of Management Control Systems with this acclaimed text.

Management Control Systems, 4th edition, is the market-leading text for management control and performance management studies. Using real-life examples and a range of international case studies, the book offers your students a thorough understanding of the core concepts and key topics of the subject.

The text's clear and structured chapters guide your students through all areas of Management Control Systems, from implementation to ethical questions. The 4th edition serves as the comprehensive guide to Management Control Systems, excellent for students and practitioners alike.

Available with online resources.

Hallmark Features of this title

Management Control Systems includes a host of built in features and learning tools to assist your teach and motivate your students' learning journeys.

See your students benefit from:

  • Over 70 Cases included throughout the text provide examples of how the theory learnt in the chapter can be applied in real-life. Some of these cases are suitable for examination purposes.
  • A clear, structured approach maintained across chapters and sections ensures logical progression in student understanding and avoids confusion at later stages when more challenging topics are introduced.
  • A suite of resources to accompany the text is available here. Resources include a solutions manual for instructors and additional PowerPoint slides.

New and Updated features of this title

Management Control Systems, 4th edition, has undergone significant alterations to provide students with a strong text.

Changes include:

  • A new engaging design makes learning less of a chore, helping students to remain motivated and engaged instead of being faced with a dense block of facts and information to memorise.
  • Various new cases, including ones on project management, ethics, and sustainability, keep the text fresh and provide additional perspectives on the subject from a real-world point-of-view.
  • Updated text, examples, cases and references throughout ensure the text remains as relevant to students now as the first edition was, keeping everything that was great about the previous editions but making improvements where possible.

Table of contents

  • PART I: The Control function of Management
  • 1   Management and Control
  • PART II: Management Control alternatives and their effects
  • 2   Results Controls
  • 3   Action, Personnel, and Cultural Controls
  • 4   Control System Tightness
  • 5   Control System Costs
  •  6   Designing and Evaluating Management Control Systems
  • PART III: Financial Results Control Systems
  • 7   Financial Responsibility Centers
  • 8   Planning and Budgeting
  • 9   Incentive Systems
  • PART IV: Performance measurement issues and their effects
  • 10    Financial Performance Measures and their Effects
  • 11    Combinations of Measures and Other Remedies to the Myopia Problem
  • 12    Using Financial Results Control in the Presence of Uncontrollable Factors  
  • PART V: Corporate Governance, Important Control-related roles and Ethics
  • 13    Corporate Governance and Boards of Directors
  • 14    Controllers and Auditors
  • 15    Management Control-Related Ethical Issues and Analyses  
  • PART VI: Significant Situational influences on management control systems
  • 16    Management Control in Non-Profit Organizations
  • Index

Author bios

Kenneth A. Merchantis the Deloitte & Touche LLP Chair of Accountancyat the University of Southern California. He is well-known internationally in the field of management accounting.

Wim A. Van der Stedeis the CIMA Professor of Accounting and Financial Management at the London School of Economics and Political Science. An author and teacher, he brings a European perspective and a wealth of experience to this book.

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