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MCS Syllabus

Management control systems aim to help organizations achieve strategic goals and evaluate performance. They include budgeting, responsibility centers, transfer pricing, and balanced scorecards. Budgeting controls expenses, revenues, and costs. Responsibility centers evaluate divisions using metrics like return on investment. Transfer pricing sets internal prices for goods and services between divisions. Balanced scorecards assess performance across financial, customer, internal process, and learning/growth perspectives. Controls also differ between manufacturing and service sectors, and audits provide an evaluation mechanism. Recommended books provide further information on accounting, auditing, and management control topics.

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438 views1 page

MCS Syllabus

Management control systems aim to help organizations achieve strategic goals and evaluate performance. They include budgeting, responsibility centers, transfer pricing, and balanced scorecards. Budgeting controls expenses, revenues, and costs. Responsibility centers evaluate divisions using metrics like return on investment. Transfer pricing sets internal prices for goods and services between divisions. Balanced scorecards assess performance across financial, customer, internal process, and learning/growth perspectives. Controls also differ between manufacturing and service sectors, and audits provide an evaluation mechanism. Recommended books provide further information on accounting, auditing, and management control topics.

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swapnilbhala
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© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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(302) MANAGEMENT CONTROL SYSTEMS

1. Characteristics of Management Control System – Evolution of control systems in


an organization –– Strategic Planning, Management Control and Operational Control
- Cybernetic Paradigm of Grissinger (3).

2. Understanding strategies – Concept of strategy – Business Unit level and corporate


strategy - Gaining competitive advantage (3).

3. Goals - Hierarchy of Goals – Goal congruence – factors that affect goal congruence –
formal and informal systems – Types of organization structure in the perspective of
Global scenario. - Functions of the Controller. (3).

4. Responsibility Centers – Types of Responsibility Centers – Expense Centers, Profit


Centers and Investment Centers – measures used to evaluate their performances –
such as ROI, ROA, MVA, EVA – DuPont analysis (13).

5. Budgetary Control as a control tool – Revision of budgets – ZBB – Budgetary


control approach with respect to Engineered and Discretionary costs – Committed
costs (6).

6. Capital Budgeting as a tool for management performance measurement (6).

7. Transfer Pricing – Objectives and need of Transfer pricing –Methods of Transfer


pricing - Cost Based, Market price based, Two steps, Dual price, Profit sharing-
Administration and Related numerical problems (8)

8. Performance Evaluation through Balanced Scorecard – Four perspectives. (6).

9. Management Control Systems in Service Sector vis-à-vis in Manufacturing Sector


– Banking, Insurance, BPO. (6).

10. Introduction to Audit Function as a control tool covering Financial Audit, Internal
Audit, Cost Audit - Management Audit – Principles and Objectives (6).

Books Recommended:-
1. Management Control Systems, 10th Ed. – Anthony and Govindrajan
2. Practical Auditing – B.N.Tandon
3. Cost Accounting – B.K.Bhar
4. Management Accounting – Khan & Jain
5. Financial Management – Prasanna Chandra
6. Guidance note on Transfer Pricing – ICAI Publication

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