Management Control Systems 4th Edition

This best-selling and market-leading text gives students a thorough understanding of the core concepts and key topics of management control and related performance measurement and incentive systems, processes, and critical trade-offs in their design and use, employing a wide range of international case studies and real life examples.

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