MCS 00- Management Control Systems - The Syllabus

Syllabus of University of Pune MBA - Management Control Systems

1. Characteristics of Management ControlSystem - Evolution of control systems in anorganization - Relating system to organizational objectives - StrategicPlanning, Management Control and Operational Control - Goal Congruence -Cybernetic Paradigm of Grissinger - Functions of the Controller

2.Responsibility Centers - Types of Responsibility Centers - Expense Centers,Profit Centers and Investment Centers - Budgetary Control as a tool forManagement Control Systems - Engineered, Discretionary and Committed Costs -Approaches to budgeting w.r.t. Engineered and Discretionary costs -Benchmarking and Total Cost Management

3.A Transfer Pricing (Market based and Cost Based) - Related numericalproblems - Return on Investment, Economic Value Added, Capital Budgeting andRatio Analysis as a tool to management performance measurement

3.B Transfer Pricing Numericals

4.Management Control Systems in Service Sector vis-à-vis in ManufacturingSector

5.Financial and Non-financial performance measures w.r.t. Balance Score Card(Rock Water's Model)

6.Long Range Planning - Converting corporate vision into a long-range plan -Input Output Relationship

7.Introduction to Audit Function as a control tool covering Financial Audit,Internal Audit and Cost Audit - Management Audit - Principles and Objectives

8. A minimum 5 cases in designing and implementation of controlsystems

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 Control Systems - Kirby
5. Financial Management - Prasanna Chandra