MANAGEMENT CONTROL SYSTEMS : PRINCIPLES AND PRACTICES, SECOND EDITION
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Divided into seven sections, the book explains various approaches and designs of management control system. It then moves on to give a detailed description of key success variables as control indicators and explains goals, strategies and organization for adaptive control, divisional autonomy and responsibility. While describing the management tools and processes, the book explains in detail, the strategic planning and programming processes, budgeting and budgetary control, standard costing and variance analysis, transfer pricing, reward system and management control of operations.
The new edition is thoroughly updated and a new chapter on Managerial Decision-Making is added to it. The chapter is added to demonstrate with examples how managerial decisions are taken by the organizations as a part of management control exercise by the application of marginal costing techniques.
Primarily intended for the postgraduate students of management, the book can be equally beneficial for the commerce students, researchers, accounts professionals, and corporate policy and decision makers.
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SUBHASH CHANDRA DAS, PhD, MCom, FCMA, MWSOM (UK), a Management Consultant, is former Director (Finance), Hindustan Paper Corporation (HPC) Limited. He is also a visiting faculty in many universities and B-schools. With over three decades of professional experience as a Financial and Organization and Methods (O&M) expert in Tata Steel, Greaves Cotton, SAIL, Hindustan Cables Limited, and Hindustan Paper Corporation Limited, Dr. Das has contributed thirty articles in the area of management to Journals and Research Bulletins of various professional and management institutes. He has authored six books on various management subjects—all published by PHI Learning—recommended in many B-schools and universities.
