Management Control Systems

₹150.00

TYBAF — SEMESTER – VI

Author: Chirag Jain

Preeti Salecha

SECOND EDITION 2023

Categories: BAF, Elective, Semister - VI, T. Y. BAF

Description

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.