GITAM INSTITUTE OF MANAGEMENT GITAM UNIVERSITY COURSE on Management Control Systems No of in class sessions: 30 Course instructors: Mrs K.

Kusuma

Introduction: The complexities in managing the business is increasing day by day as the Indian economy is opened up ,together with the industrial Recession , rapidly rising wages , increase in prices , stiffer competition ,uncertainty & lack of long-term government policies , the business man is endeavoring towards providing the society with the best available quality products at the most economical prices by taking a hard look at the costs . The importance of the subject is very much realized to Management students after the collapse of companies such as Tyco , Global Crossings ,World Com , & Enron because of lack of controls on the other hand the long term success story of world class companies like Emerson Electric , Lincoln Electric New York Times, Dell computers , Wal Mart , were successful not because they have developed good strategies ,but more importantly ,they have designed systems & processes that energize their employees to execute the strategies effectively. A MCS is a set of inter-related communication structures that facilitates the processing of information for the purpose of assisting managers in cocoordinating the parts & attaining the goals of the organization. All organizations use control systems, both formal & informal. The students are made clear with three words in this subject Management, Control & Systems. Learning Objectives: To familiarize Management control systems in general. To explain the various concepts of control. To understand the concept of Responsibility Accounting & responsibility Reporting & their importance for management control. To Appreciate & understand various types of Responsibility centers & their organizational significance. To study the Transfer price processing of corporate. To study the special requirements of service organizations with reference to Management control systems. Pedagogy: Lectures , Case Analysis ,Video clipping ,practicalCases , problem solving ,group assignments ,presentation.

Evaluation: 15marks 10 marks 10 marks 5 marks Text Book : Mid trimester Quiz --Presentations -- Attendance

Additional Reading: Robert Anthony and Vijay Govindarajan,Management Control Systems , Tata Mc Graw Hill Reference Books: 1. N.Ghosh , Management Control Systems ,Prentice Hall Of India ,New Delhi 2. Pradip Kumar Sharma , Management Control Systems A Managerial Emphasis

SESSION PLAN Session No 1 &2 3 &4 5 &6 7 &8 9 & 10 11 & 12 13 14 &15 16 &17 18 19 20 21 22 23 24 25 26 TOPICS MCS introduction, objectives Basic Concepts ,Characteristics Management Control Systems Responsibility Accounting Structure of Management Control , Need for Delegation Responsibility centres-ExpensecentresRevenue Centre Profit Centre , Investment Centre ,Research & Development Centre Revise , conduct quiz Transfer Pricing , Objectives ,methods Case studies Problems of Transfer pricing Problems of Transfer pricing Problems of Transfer pricing Problems of Transfer pricing Problems of Transfer pricing Problems of Transfer pricing QUIZ -2 MCS in service organizations MCS in Professional Organizations MCS in Health care service Organizations Teaching Pedagogy lecture method with examples lecture method with examples lecture method with examples lecture method with examples lecture method with examples lecture method with examples lecture method with examples lecture method with examples lecture method with examples Numericals to explain & solve Numericals to explain & solve Numericals to explain & solve Numericals to explain & solve Numericals to explain & solve Numericals to explain & solve lecture method with examples lecture method with examples lecture method with examples

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MCS in Non-Profit Organizations Presentations

lecture method with examples lecture method with examples