L
Course Title: Management Control System
Course Code:
P/S
SW/F
W
FIBA710
TOTAL
CREDIT
UNITS
3
Credit Units: 3
Level: PG
Course Objectives:
Orienting students with the various concepts in Finance, Financial Tools & Techniques so as to make them aware of Managerial Control System.
Conceptual frame work on various control techniques
Pre-requisites: Before selecting this course, student must have conceptual awareness about Cost concepts, Financial Concepts, Quantitative techniques and
analytical skills.
Student Learning Outcomes:
At the completion of the course, the students will be able to understand The significance of Control system at various levels in any organization.
The Concept of Transfer pricing, ROI and Economic Value Added as a performance measurement tool.
Various responsibility centers as a toll of MCS
MCS in service and manufacturing sectors
Various financial and non-financial performance measures
Course Contents/Syllabus:
Weightage (%)
Module I
Introduction to Management Control System
Descriptors/Topics
Characteristics of Management Control System , Evolution of control systems in an organization , Relating the system
to organizational objectives , Strategic Planning, Management Control and Operational Control , Goal Congruence ,
Functions of the Controller , Concept of Management Audit as a control tool.
20
Module II Responsibility Centers and Classification of Costs
30
Descriptors/Topics
Responsibility Centers, Types of Responsibility Centers, Expense Centers, Profit Centers and Investment Centers,
Budgetary Control as a tool for Management Control
Systems, Engineered, Discretionary and Committed Costs Approaches to budgeting
w.r.t. Engineered and Discretionary costs.
Module III Transfer Pricing and EVS
Descriptors/Topics
Concept of Transfer Pricing (Market based and Cost Based), Return on Investment, Economic Value Added as a tool to
management performance measurement, Introduction to Activity Based Costing.
Module IV MCS in Service and Manufacturing Sector
Descriptors/Topics
Management Control Systems in Service Sector vis--vis in Manufacturing Sector.
25
Module V Performance Measures
Financial and Non-financial performance measures w.r.t. Balance Score Card.
10
15
Pedagogy for Course Delivery: Lectures and case studies
Assessment/ Examination Scheme:
Theory L/T (%)
Lab/Practical/Studio (%)
End Term Examination
30%
70%
Theory Assessment (L&T):
Continuous Assessment/Internal Assessment
Components (Drop down)
Case Study
Project/Quiz/Viva
End Term Examination
Mid Term
Attendance
External
Weightage (%)
5 (20%)
10(40%)
10(40%)
5
70
Lab/ Practical/ Studio Assessment:
Continuous Assessment/Internal Assessment
End Term Examination
Components (Drop down
Weightage (%)
Text & References:
Management control system, 12/e, Anthony, Govindrajan, TMH, ISBN: 978-0-07-063583-8
Management Control system, 6/e, N. Ghosh, PHI, ISBN:978-81-203-2844-0
Any other Study Material:
Understanding and analyzing Balance sheets using Excel Worksheet, 2/e, Ruzebh J. Bodhanwala, PHI, 978-81-203-3918-7
Cost Accounting Theory and practice,13/e, Bhabatosh Banerjee, PHI, 978-81-203-4908-7
