Get to the heart of Management Control Systems with this acclaimed text. Management Control Systems, 4th edition, by Kenneth A. Merchant, and Wim A. Van der Stede, 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 you a thorough understanding of the core concepts and key topics of the subject.
The text's clear and structured chapters ensure logical progression and understanding through topics such as the control function of management, alternative methods of management control, and how to apply your knowledge beyond theory.
Considering all areas of Management Control Systems, from implementation to ethical questions, the 4th edition serves as the ultimate guide to the subject, excellent for students and practitioners alike.
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
