Management Control Systems
₹150.00
TYBAF — SEMESTER – VI
Author: Chirag Jain
Preeti Salecha
FOURTH EDITION 2025
5 in stock
Description
SYLLABUS
| Sr. No. | Modules / Units |
| 1 | Developments in Management Accounting and Control Systems |
| Introduction – The Modern economic environment, Traditional production processes, The background to change, The new manufacturing computer-aided design, Computer-aided manufacturing, Computer-integrated manufacturing, Flexible manufacturing systems, Value chain, Production operations systems and Management strategies, Material requirements planning, Manufacturing Resources Planning, Optimised Production Technology (OPT), ERP, CRM and SCM Just-in-time concept, Total Quality Management (TQM) and Synchronous Manufacturing.
Control in special sectors: Scrap Control, Control of R&D – Project Control, Administrative Cost Control and the emphasis on continuous improvement. |
|
| 2 | Financial Goal Setting |
| Analysis of Incremental ROI, Sensitivity Analysis, Developing Financial Goals along Organizational Hierarchy.
Concept and Technique of Responsibility Budgeting – Analytical framework for Developing Responsibility Budgets – Integrating Responsibility Budgets Integrating Responsibility Budgeting with MBO System. |
|
| 3 | Responsibility Centres |
| Introduction to Cost, Revenue, Profit and Investment Centres, Reporting of Responsibility Centre.
Performance Measures -Investment Centres/Strategic Business Units, Return on Investment, The problems with ROI and Residual income (RI) |
|
| 4 | Transfer Pricing |
| Introduction – Aims and Features, General rules, Cost-based prices, Market-based prices, Marginal cost, Dual pricing, Profit-maximising transfer prices, Negotiated transfer prices and other behavioural considerations | |
| 5 | Inflation Accounting |
| Introduction – Need, Brief History, Methods of Inflation Accounting (Current Purchasing Power and Current Cost Accounting), Inflation Accounting and Corporate Taxation. Financial Reporting to Management under conditions of change in price level. |
