Complete Syllabus of Management Control Systems | ACC 689 | MBS 4th semester

 Credits: 3
Lecture Hours: 48 

Course Objectives: 

This course aims to give the knowledge of elements, applications, and behavioral ramifications of management control systems to provide insights on measurement and implementation issues involved in management control systems. 

Teaching Methodology and Pedagogy: 

 Lecture
 Assignments
 Discussion & Presentation
 Project & case work
 Library & Internet 

Marking Scheme: 

 Internal
- Assignment
- Presentation
- Project work
- Case Studies
- Mid Term Exam
- Pre Board Exam 

 External
- Board Exam 

Course Details 

Unit 1: Introduction to Management Control System LH 4 

Meaning and Concept of Management Control System
Importance, Characteristics, Nature and Scope of Management Control System
Boundaries of Management Control
Concept of Management Audit as a control tool 

Unit 2: The Environment of Management Control System LH 4 

Management Control Environment, Goal congruence, Factors affecting goal congruence, Role of management control system in goal congruence
Organization structure and management control system
Behavioral Considerations of Management Control System 

Unit 3: Responsibility Centers LH 6 

Concept and Nature of Responsibility Centre
Criteria for measuring the Performance of Responsibility Centre
Types of Responsibility Centre:
- Revenue Centre
- Expense Centre
- Cost Centre
- Profit Centre
- Marketing Responsibility Centre
- Research and Development Centre
- Investment Centre: Return on Investment (ROI), Residual Income (RI) 

Unit 4: Transfer Pricing LH 6 

Introduction
Objectives of Transfer Pricing
Significance of Transfer Pricing
Methods of Transfer Pricing 

Unit 5: Management Control Process LH 19 

- Strategic Planning: Concept and nature of strategic planning, ongoing programs analysis, proposed new programs analysis, strategic planning process
- Budgeting: Concepts, importance, objectives and characteristics of budgeting, Budgetary control system, Process of budget preparation, preparation of master budgets for manufacturing and non-manufacturing organization, Behavioral aspects of Budgeting, Flexible budgets and Zero-base budgeting
- Financial Performance Reports Analysis: Variance: concept, application and limitations of variance, variance Analysis: Material, Labor, Overhead (fixed and variable) and Sales Variance, Behavioral aspects of performance evaluation
- Interactive Control and Incentive Plans in organizations 

Unit 6: Modifications in Management Control LH 9 

- Modern Control Methods: Introduction, Just in Time, Total Quality Management and Decision Support System
- Management Control in different Organizations: Healthcare organizations, Government organizations, Financial institutions, Non-profit organizations and Multinational organizations
- Management Control of Projects: Nature of Projects, control environment, project planning, execution and evaluation 

Basic Books:

Anthony, R. N. & Govindarajan, V., Management Control Systems, Tata McGraw-Hill
Merchant, K. A., Modern Management Control Systems, Pearson Education (Singapore) Pvt. Ltd., Indian Branch, New Delhi 

Reference Books:

Atkinson, A. A. & Kaplan, R. S., Advanced Management Accounting, Prentice Hall of India Pvt. Ltd., New Delhi
Upadhyay, J. P., Management Control Systems, Khanal Publication, Kathmandu Nepal