Solution Manual Management Control Systems 4e Kenneth Merchant
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Solution Manual for Management Control Systems 4th Edition by Kenneth Merchant
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Solution Manual for Management Control Systems 4th Edition by Kenneth Merchant
Table of Contents
Section i
The control Function of management
1 Management and Control
Management and control
Causes of management control problems
Characteristics of good management control
Control problem avoidance
Control alternatives
Outline of this text
Notes
Leo’s Four-Plex Theater
Wong’s Pharmacy
Private Fitness, Inc.
Atlanta Home Loan
Section ii
Management control alternatives and their effects
2 Results Controls
Prevalence of results controls
Results controls and the control problems
Elements of results controls
Conditions determining the effectiveness
of results controls
Conclusion
Notes
Offi ce Solutions, Inc.
Puente Hills Toyota
Kooistra Autogroep
Houston Fearless 76, Inc.
3 Action, Personnel, and Cultural Controls
Action controls
Action controls and the control problems
Prevention vs. detection 92
Conditions determining the effectiveness
of action controls
Personnel controls
Cultural controls
Personnel/cultural controls and
the control problems
Effectiveness of Personnel/cultural
controls
conclusion
Notes
Witsky and Associates, Inc.
The Platinum Pointe Land Deal
EyeOn Pharmaceuticals, Inc.
Axeon N.V.
4 Control System Tightness
Tight results control
Tight action controls
Tight personnel/cultural controls
Conclusion
Notes
Controls at the Bellagio
Casino Resort
Lincoln Electric: Venturing Abroad
PCL: A Breakdown in the Enforcement
of Management Control
5 Control System Costs
Direct costs
Indirect costs
Adaptation costs
Conclusion
Notes
Philip Anderson
Sunshine Fashion: Fraud, Theft,
and Misbehavior among
Employees
Better Beauty, Inc.
Fit Food, Inc.
Atlantis Chemical Industries
6 Designing and Evaluating
Management Control Systems
What is desired and what is likely
Choice of controls
Choice of control tightness
Adapting to change
Keeping a behavioral focus
Maintaining good control
Notes
Diagnostic Products Corporation
Game Shop, Inc.
Family Care Specialists Medical Group, Inc.
AirTex Aviation
Section III
Financial Results Control Systems
7 Financial Responsibility Centers
Advantages of financial results control systems
Types of financial responsibility centers
Choice of financial responsibility centers
The transfer pricing problem
Conclusion
Notes
Kranworth Chair Corporation
Zumwald AG
Global Investors, Inc.
8 Planning and Budgeting
Purposes of planning and budgeting
Planning cycles
Target setting
Planning and budgeting practices,
and criticisms
Conclusion
Notes
Citibank Indonesia
HCC Industries
Royal Wessanen NV
Multiple Versions of the Plan
Vitesse Semiconductor Corporation
VisuSon, Inc.: Business Stress Testing
9 Incentive Systems
Purposes of incentives
Monetary incentives
Incentive system design
Criteria for evaluating incentive systems
Group rewards
Conclusion
Notes
Harwood Medical Instruments PLC
Superconductor Technologies, Inc.
Raven Capital, LLC
Section IV
Performance Measurement Issues and their Effects
10 Financial Performance Measures and their Effects
Value creation
Market measures of performance
Accounting measures of performance
Investment and operating myopia
Return-on-investment measures
of performance
Residual income measures as a possible
solution to the ROI measurement
problems
Conclusion
Notes
Behavioral Implications of Airline Depreciation
Accounting Policy Choices
Las FerreterÃas de México, S.A. de C.V.
Industrial Electronics, Inc.
Haengbok Bancorp
Corbridge Industries, Inc.
King Engineering Group, Inc.
Berkshire Industries PLC
11 Remedies to the Myopia Problem
Pressures to act myopically
Reduce pressures for short-term profit
Control investments with preaction reviews
Extend the measurement horizon
(use long-term incentives)
Measure changes in value directly
Improve the accounting measures
Measure a set of value drivers
Conclusion
Notes
Catalytic Solutions, Inc.
Dortmunder-Koppel GmbH
Johansen’s: The New Scorecard
System
Mainfreight
Statoil
12 Using Financial Results Controls in the Presence of Uncontrollable Factors
The controllability principle
Types of uncontrollable factors
Controlling for the distorting effects
of uncontrollables
Other uncontrollable factor issues
Conclusion
Notes
Olympic Car Wash
Beifang Chuang Ye Vehicle Group
Hoffman Discount Drugs, Inc.
The Stimson Company
Bank of the Desert (A)
Bank of the Desert (B)
Fine Harvest Restaurant Group (A)
Fine Harvest Restaurant Group (B)
Section V
Corporate Governance, Important Control-Related Roles, and Ethics
13 Corporate Governance and Boards of Directors
Laws and regulations
The Sarbanes-Oxley Act
Boards of directors
Audit committees
Compensation committees
Conclusion
Notes
Arrow Motorcar Corporation
Golden Parachutes?
Pacific Sunwear of California, Inc.
Entropic Communications, Inc.
Bio/Precise Medical Devices, Inc.
14 Controllers and Auditors
Controllers
Auditors
Conclusion
Notes
Don Russell: Experiences of a Controller/CFO
Desktop Solutions, Inc. (A): Audit
of the St. Louis Branch
Desktop Solutions, Inc. (B): Audit
of Operations Group Systems
Andrew G. Scavell, Chief Risk Officer
15 Management Control-Related Ethical Issues
Good ethical analyses and
their importance
Why do people behave unethically?
Some common management
control-related ethical issues
Spreading good ethics within
an organization
Conclusion
Notes
Two Budget Targets
Conservative Accounting in the General
Products Division
Education Food Services at Central
Maine State University
The “Sales Acceleration Programâ€
The Expiring Software License
Wired, PLC
Mean Screens USA, Inc.
Lernout & Hauspie Speech Products
Ethics@Cisco
Section V
Management Control when Financial Results are not the Primary Consideration
16 Management Control in Not-for-profit Organizations
Corporations, B corporations, and
not-for-profits
Key differences between for-profit
and not-for-profit organizations
Goal ambiguity and conflict
Difficulty in measuring and
rewarding performance
Accounting differences
External scrutiny
Employee characteristics
Conclusion
Notes
SCI Ontario: Achieving, Measuring, and
Communicating Strategic Success
University of Southern California:
Responsibility Center Management System
Amanco: Developing the Sustainability
Scorecard