A Rational Integration Of Managerial Accounting Techniques Essay examples
Having a basic understanding of a management control system, let’s look at the different purposes it serves. First and foremost, it vividly communicates the goals of the organization. However, only communicating the overall organizational goals is not enough. The management control system also ensures that all the management and employees have a comprehension of the specific actions that are needed of them in order to successfully achieve the overall goals of the organization. Then a management control system communicates the outcomes and results of actions taken organization wide. Finally, the management control system self ensures that it adjusts and responds accordingly to change in the environment.
We can say that the following steps are typically involved in a management control system:
1. Firstly, specification of the…