Management Control Systems ON DEMAND
Available Until
Your Desk
3.0 Credits
Member Price $87.00
Non-Member Price $100.00
Overview
An essential task for any manager is to align the activities of employees with those of the organization. A management control system can ensure that this happens. In this course, we discuss the nature of these systems, the types of controls contained within them, and how to align the planning, incentive, and reporting functions to make them more effective. The course also covers how to design a management control system, control its cost, make ethical decisions, and several related topics.
Highlights
The goals of a management control system. The control loss continuum. Result controls. Action controls. Personnel controls. Complementary controls. Planning systems. Incentive systems. The cost of management control systems. The impact of an ethical environment.
Prerequisites
None.
Designed For
CPAs, CEOs, CFPs, and other accounting professionals.
Objectives
Recognize the characteristics of a management control system and a system of corporate governance. Recall the components of a management control system. Recognize the characteristics of the different types of controls. Specify the process for making ethical decisions. Recall the types of direct and indirect costs of a management control system. Recognize the different types of transfer pricing schemes. Recall the advantages of having a well-coordinated planning system. Recognize the behavioral impacts of having a budget. Specify the issues associated with the design of incentive systems. Recall the characteristics of the financial performance measures used as part of a management control system. Recognize the steps required to design an effective management control system.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $100.00
Member Price $87.00