Management Control Systems, 5th edition

Published by Pearson (December 17, 2025) © 2026

  • Kenneth Merchant University of Southern California
  • Wim Van der Stede London School of Economics
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  • More flexible. Start learning right away, on any device.
  • More supportive. Get AI explanations and practice questions (select titles).
  • More interactive. Bring learning to life with audio, videos, and diagrams.
  • More memorable. Make concepts stick with highlights, search, notes, and flashcards.
  • More understandable. Translate text into 100+ languages with one tap.
$59.99
Instant access

In this eTextbook — More ways to learn

  • More flexible. Start learning right away, on any device.
  • More supportive. Get AI explanations and practice questions (select titles).
  • More interactive. Bring learning to life with audio, videos, and diagrams.
  • More memorable. Make concepts stick with highlights, search, notes, and flashcards.
  • More understandable. Translate text into 100+ languages with one tap.

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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