Course in Management Control Systems

This course will focus on providing skills on contemporary Management Control Systems methodologies, issues and controversies. A key focus area will be the control systems for new economy companies.

The teaching environment will cover lectures, case discussions and discussion of project assignments.

Group activity and class participation is expected to be a key feature in this course.

Course Content

The course will cover the following broad areas :

q Overview of Management Control Systems
q Management Control Alternatives
q Responsibility Centres / Accounting
q Transfer Pricing
q Planning & Budgeting Systems
q Problem areas in Financial Results Control
q Contemporary techniques of Management Control
q Principal Agent approaches & Formal Models in Budgeting

Evaluation

Case Studies : 25 %
Project : 25 %
End Term : 50 %

Class Size

Keeping in mind the participative / interactive nature of the classes, a class size of about 50 students is preferable.

Desirable Background

A good understanding in Cost / Financial Accounting

Basic Reading Material

1. Kenneth A.Merchant Modern Management Control Systems - Text & Case (New Jersey: Prentice Hall 1998)
2. Robert N.Anthony, and V.Govindrajan 9th ed., Management Control Systems, (New Delhi: Tata McGraw Hill 1976)
3. Joseph A.Maciariello, and C.J.Kirby 2nd ed., Management Control Systems - Usisng Adaptive Systems to Attain Control, (New Delhi: Prentice Hall of India 1997)
4. Robert S.Kaplan, and A.A.Atkinson, Advanced Management Accounting 2nd ed. (New Delhi: Prentice Hall of India 1990)