Management control in service industries is different from management control in manufacturing companies. The factors which apply to the management co....
The size and structure of an organization influences the organization strategies and strategies influence the control systems. When an organization fu....
The concept of Human Resource Accounting (HRA) is of recent origin. Working on the idea that human assets in an organisation are no less important tha....
Human behaviour is influenced heavily when controlled. What matters is a ‘good’ control systems pulls positive influence, and sometimes a ‘very ....
CVP analysis involves the analysis of how total costs, total revenues and total profits are related to sales volume, and is therefore concerned with p....
Generally, the companies have various divisions or departments with profit and investment centres and the goods are being transferred from one divisio....
Activity-Based Costing (ABC) is a costing model that identifies activities in an organization and allocates the indirect resources to each activity fo....
In order to achieve the goal, every organization must establish a good control system. The control system should be framed in the mode of responsibili....
Marketing being an important functional area of Management requires a control system which will monitor the marketing process so as to ensure effectiv....
Budget is a detailed plan of operations for some specific futureperiod. It is an estimate prepared in advance of the period to which it applies. It ac....
Control process consists in verifying whether everything occurs in conformity with the plans adopted, the instructions issued and principles establish....
An Audit is an examination of accounting records of a business concern. Auditing is done with a view to check whether the books of accounts correctly ....
One of the dreams of neo-classical economists is to have the different departments, segments, or regions, work as if each one of them is a separate or....
Mechanisms exist to ensure that four things happen in a company. We often hear people say that the company “is on track’. How do they know that? W....
Management control is a must in any organization that practices decentralization. One view argues that management control systems must fit the firm’....
The word “Consumerism”, has many connotations, depending on who is using the term. Business, government, consumer groups and academic researchers ....
Research is a key to the evolution of successful marketing strategies and programmes. It is an important tool to study buyer behaviors, changes in con....
As studied earlier in the chapters perception is the process by which an individual interprets various stimuli received and forms picture of the world....