Management Control Systems Performance Measurement, Evaluation, and Incentives

Management control systems (MCSs) is a complex and multidimensional subject, which is comprehensively and clearly addressed by this new book. It assumes a basic level of knowledge of management accounting, but it is suitable for upper level undergraduates who have taken a prior management accounting course, as well as for postgraduates and practising professionals.;Features and benefits include: combination of an extensive set of case studies, text and real-life examples creates a balanced picture of the concepts, theories and issues surrounding the subject and equips students with the requisite skills to apply them to specific decision-making situations that managers face; case study selection includes many Harvard Business School cases, as well as a range of original cases covering businesses in Europe, the USA and beyond; coverage of the latest management control-related tools and techniques, such as EVA' and Balanced Scorecard; inclusion of findings of empirical research on the effectiveness of MCS design within different organizational settings provides a solid foundation to the subject; and greater emphasis on management control in the context of strategy and planning offers students the opportunity to develop their analytical skills in this area. It focuses on the use and effects of 'financial results controls' which dominate at managerial levels in all but the smallest organizations. It also provides a broad treatment of alternative management controls that puts the financially-oriented controls into the proper perspective.;The authors - Professor Kenneth A. Merchant is the current holder of the Deloitte & Touche LLP Chair of Accountancy at the University of Southern California. He is an experienced teacher, consultant and the author of seven books. Professor Wim A. Van der Stede is Assistant Professor of management accounting and control at the University of Southern California. He is an experienced author with his publications appearing in several different journals, and he has taught in many different countries.