This concise but systematic and rigorous text presents an insight into the theory and practice of management control systems in large organizations. It is a fine blend of principles of accounting and concepts from behavioural sciences. The intricate theories of management control are elaborated with the help of real-life examples and case studies drawn from the Indian business arena, most of which are the outcomes of the author's own experience of corporate life. A separate chapter on Mathematical Models for Management Control is intended to assist the reader in solving difficult managerial problems.
Primarily designed for the postgraduate students of management and commerce, this book would also be a valuable source of reference for professionals.
• Gives a clear-cut idea of control operations through case studies
• Contains a fair mix of the two approaches of management control-the management accountant’s approach and the industrial engineer’s approach
• Provides a step-by-step explanation of the emergence of Activity-Based Costing System because of the failure of traditional cost systems in modern business environment