Management control systems

Management Control Systems ; ; Performance Measurement, Evaluation and Incentives ; ; Second Edition ; ; Kenneth A. Merchant and Wim A. Van der Stede ; ; With its unique range of international case studies, real-life examples and comprehensive coverage of the latest management control-related tools and techniques, this second edition of Management Control Systems is the ideal guide to this complex and multidimensional subject. ; ; The authors approach management control from an accounting perspective as they discuss issues of performance measurement and evaluation in detail. They also provide a broad perspective on control systems, with a focus on issues such as planning and budgeting systems, internal controls, corporate culture, corporate governance, and ethics. Their unique treatment of the subject is thorough, logical, and easy-to-read, and is perfect for upper level undergraduates, postgraduates and practising professionals. ; ; ?If this book were fiction, I would refer to it as a real page-turner.? ; Eddy Vaassen, Universityof Maastricht ; ; Features ; ; In-depth analysis of the relationship between management theory and practice, with references to a host of specific decision-making situations. ; Case studies and real-life examples drawn from an international range of firms and companies, including Toyota, Citibank, and Lincoln Electric. ; Coverage of ethical and multinational issues, across a variety of businesses, industries and not-for-profit organizations. ; Assessment of management control-related tools, including Balanced Scorecards and EVA?, as well as non-financial measures of performance. ; Discussion of the similarities and differences between management control and internal control, with reference to Sarbanes-Oxley and similar movements worldwide. ; Fresh emphasis on management control systems in relation to corporate governance. ; The authors ; ; Kenneth A. Merchant is the Deloitte & Touche LLP Chair of Accountancy at the University of Southern California. He is well-known internationally in the field of management accounting, and is a part-time research professor at the University of Maastricht. ; ; Wim A. Van der Stede is Professor of Management Accounting at the London School of Economics and Political Science. An author and teacher, he brings a European perspective and a wealth of experience to this book. ; ;