Coordinated System:

It is a fully coordinated and integrated system.

Function of every manager
: Manager at every level as to focus towards future operational and accounting
data, taking into consideration past performance, present trends and anticipated
economic and technological changes. The nature, scope and level of control will
be governed by the level of manager exercising it.

Continuous process:
It is a continuous process over the human and material resources. It demands
vigilanceat every step. Deciding, planning and regulating the activities of people
associated in the common task of attaining the objectives of the organization is a
the primary aim of MANAGEMENT CONTROL SYSTEM.

d)
Reporting
Actual performance is analyzed, measured and reported against plan, indicating
variances and highlighting areasof weaknesses. If the performance is
satisfactory, feedback information is sent to the responsibility centreconcerned
for praise or reward. If the same is unsatisfactory feedback communication is
sent to the responsibilitycentre concerned for corrective action. If such action
requires to be included in the budget, then the latter isrevised to give effect to
the changed position. If required, then the plan itself can be revised and a new
basis of control may be established.The aforesaid formal control process has
been presented in the following diagram: