Term: VI

MANAGEMENT CONTROL
SYSTEM
 Course Objectives

The course aims to develop students

ability to understand the theories and
insights of management control
systems and also to analyse to make
relevant decisions for organisational
development.
Module 1.Introduction-role of MCS- Management control v/s
strategic control/tactical control.

Module 2. Framework of MCS: cybernetic approach-essentials of

design for MCS-factors influencing steps & design of MCS.

Module 3.Environment & MCS: goal –strategy & organization for

adoptive control-Organization structure.

Module 4.Responsibility centers management.

Module 5.Management control tools-budgeting and budgetary

controls. Budget-steps in preparation-fixed-flexible-zero based-
MBO-budgets as a tool to control.
Module 6.Transfer pricing: introduction, methods-international
transfer pricing- problems.

Module 7.Strategic cost management-marginal costing-related

issues-managerial decision making.

Module 8. Management control in organization-MCS in (1) MNC’s,

(2) agribusiness organization, (3) plantation companies, (4)
commercial banks and (5) NBFCs.

Recommended books:

•Robert n Anthony & Vijaya Raghavan, McGraw hill publications.

•MCS Principles and perspectives, Subhas Chandra das PHI-EEE.