Chapter 14:
Controllers and Auditors
Merchant, Management Control Systems PowerPoints on the Web, 3rd edition, Pearson Education Limited 2012
Slide 14.2
Controller
Treasurer
Provision of Capital
Money Management
(Capital) Risk Management
Merchant, Management Control Systems PowerPoints on the Web, 3rd edition, Pearson Education Limited 2012
Slide 14.3
Merchant, Management Control Systems PowerPoints on the Web, 3rd edition, Pearson Education Limited 2012
Slide 14.4
Merchant, Management Control Systems PowerPoints on the Web, 3rd edition, Pearson Education Limited 2012
Slide 14.5
Financing
Cash planning
Investor and creditor relationships
Money management
Slide 14.6
MIS
Accounting
Managerial
Accounting
Budgeting
Internal
Audit
Administrative
Systems
Special
Projects
Financial
Accounting
Cost Accounting
Inventory Control
Make-or-buy
...
P&L statements
Consolidation
Tax Returns
...
Merchant, Management Control Systems PowerPoints on the Web, 3rd edition, Pearson Education Limited 2012
Slide 14.7
XYZ
?
Divisional Controller
... ...
Merchant, Management Control Systems PowerPoints on the Web, 3rd edition, Pearson Education Limited 2012
Slide 14.8
Merchant, Management Control Systems PowerPoints on the Web, 3rd edition, Pearson Education Limited 2012
Slide 14.9
Slide 14.10
Top Management
President / Vice-Presidents
XYZ
Divisional Controller
... ...
Merchant, Management Control Systems PowerPoints on the Web, 3rd edition, Pearson Education Limited 2012
Slide 14.11
(continued)
Slide 14.12
Top Management
President / Vice-Presidents
XYZ
Divisional Controller
... ...
Merchant, Management Control Systems PowerPoints on the Web, 3rd edition, Pearson Education Limited 2012
Slide 14.13
Slide 14.14
Merchant, Management Control Systems PowerPoints on the Web, 3rd edition, Pearson Education Limited 2012
Slide 14.15
Merchant, Management Control Systems PowerPoints on the Web, 3rd edition, Pearson Education Limited 2012
Slide 14.16
Merchant, Management Control Systems PowerPoints on the Web, 3rd edition, Pearson Education Limited 2012
Slide 14.17
Merchant, Management Control Systems PowerPoints on the Web, 3rd edition, Pearson Education Limited 2012
Slide 14.18
Auditors
Financial audits
External auditors
Compliance audits
External/internal auditors
Compliance with laws and rules/administrative policies
Performance audits
External/internal auditors/consultants
Evaluation of the performance of the company, its management,
a department, or a specific activity (+ making recommendations)
Merchant, Management Control Systems PowerPoints on the Web, 3rd edition, Pearson Education Limited 2012
Slide 14.19
Benefits of audits
Merchant, Management Control Systems PowerPoints on the Web, 3rd edition, Pearson Education Limited 2012