MSL811
| MSL811 | |
|---|---|
| Management Control Systems | |
| Credits | 3 |
| Structure | 3-0-0 |
| Pre-requisites | MSL301 & MSL302 |
| Overlaps | |
MSL811 : Management Control Systems
[edit]Module I : Nature of Management Control Systems: planning and control process. Essentials of Management Control System. Behavioural aspects of Management Control-motivation and morale, goal congruency, and so on. Management Control Process: Programming, Budgetary Planning and Procedures, Fixed and Flexible Budgeting, Zero Base Budgeting. Internal Audit and Internal Control. Standard Cost Accounting Systems as measures of operating performance. Module II : Variance Analysis and reporting of financial performance: Material, Labour and Overhead Cost Variances, Revenue Variances, Profit Variances, Variance Reporting. Module III : Management Control Structure: Responsibility Accounting System- Concept of Responsibility Centre, Expense Centre, Profit Centre, Investment Centre. Inter-Divisional Transfer Pricing System, Measurement of Division Performance.