Management Control Systems: Performance Measurement, Evaluation and Incentives (2nd... by Kenneth Merchant and Wim Van der Stede

Management Control Systems: Performance Measurement, Evaluation and Incentives (2nd...

Features

Cover Type: Paperback with 872 pages

Published by: Prentice Hall

Edition: 2nd Edition April 27, 2007

Written in: English

ISBN 10 Number: 0273708015

ISBN 13 Number: 978-0273708018

Book Dimensions: 9.7 x 7.4 x 1.8 inches

Weighs: 3.2 pounds

Book Description
This book describes the management control problems that need to be addressed in any large firm, as well as the tools that can be used to address these problems. It details the most important situational factors that cause managers to choose one set of controls over another, and the outcomes that can be produced, both positive and negative. It also discusses some key control roles in the firm: controllers, auditors, and audit committees; and some common control-related ethical issues. A large set of diverse case studies illustrate the points and concepts in the book. Utilizing recent world examples and research findings, the following topics are covered comprehensively: management and control; results controls, action, personnel, and cultural controls; control tightness; direct and indirect system costs; design and evaluation of control systems; financial responsibility centers; planning and budgeting systems; financial performance targets; performance-dependent rewards (and punishments); performance measurement issues and their effects; ethical issues; and situational influences on management control systems. A thorough yet understandable resource for management personnel in the corporate world, including controllers, accountants, and auditors. --This text refers to the Paperback edition.

Back Cover Copy

Management Control Systems

Performance Measurement, Evaluation and Incentives

Second Edition

Kenneth A. Merchant and Wim A. Van der Stede

With its unique range of international case studies, real-life examples and comprehensive coverage of the latest management control-related tools and techniques, this second edition of Management Control Systems is the ideal guide to this complex and multidimensional subject.

The authors approach management control from an accounting perspective as they discuss issues of performance measurement and evaluation in detail. They also provide a broad perspective on control systems, with a focus on issues such as planning and budgeting systems, internal controls, corporate culture, corporate governance, and ethics. Their unique treatment of the subject is thorough, logical, and easy-to-read, and is perfect for upper level undergraduates, postgraduates and practising professionals.

“If this book were fiction, I would refer to it as a real page-turner.”
Eddy Vaassen, Universityof Maastricht

FEATURES

In-depth analysis of the relationship between management theory and practice, with references to a host of specific decision-making situations.
Case studies and real-life examples drawn from an international range of firms and companies, including Toyota, Citibank, and Lincoln Electric.
Coverage of ethical and multinational issues, across a variety of businesses, industries and not-for-profit organizations.
Assessment of management control-related tools, including Balanced Scorecards and EVA™, as well as non-financial measures of performance.
Discussion of the similarities and differences between management control and internal control, with reference to Sarbanes-Oxley and similar movements worldwide.
Fresh emphasis on management control systems in relation to corporate governance.

The authors

Kenneth A. Merchant is the Deloitte & Touche LLP Chair of Accountancy at the University of Southern California. He is well-known internationally in the field of management accounting, and is a part-time research professor at the University of Maastricht.

Wim A. Van der Stede is Professor of Management Accounting 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.

Reader Reviews
This review is from: Management Control Systems: Performance Measurement, Evaluation and Incentives (Paperback) Well structured Coverage of profit anf no profit organizations Coverage of different cases to explain the chapters Comment | | (Report this)

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Updated on 6-3-2008.