Management Control Systems (5^th Ed.)

The bestselling advanced management accounting textbook.

For Management Control or Advanced Management Accounting modules on undergraduate, postgraduate or MBA courses.

Management Control Systems, 5th edition is the latest edition of the bestselling textbook in the field of management accounting, renowned for its authorship and excellently researched material. An essential learning resource presenting a wealth of international examples from real companies, this text will help you gain a solid grasp of this important subject.

Whether or not you have a management background, the clear explanations in this textbook will introduce you to the authors' leading framework and approach, helping you understand a wide variety of performance measures and controls as well as how to use them. Its extensive range of 75 case studies grounds the concepts in reality, emphasising the difference that well-designed controls can make.

Key features

• A brand-new chapter on environmental, social and governance issues, including corporate social responsibility, reflects new initiatives and policies and their impact on today's organisations.
• Comprehensive and detailed coverage of measures that focuses not only on results, but also broader management controls, with aims other than profit maximisation.
• Updated examples and cases bring the subject to life by exploring examples of well-known businesses such as Microsoft and the implications of infamous scandals such as Carillion.
• New content considers the impacts of recent global shocks and world events and their influence on companies.

This title is recommended as a significant textbook within Bruno S. Frey and Christoph A. Schaltegger (eds), 21st Century Economics ? Economic Ideas You Should Read and Remember (Springer, 2019).

Kenneth A. Merchant is the Deloitte & Touche LLP Chair of Accountancy, Emeritus at the University of Southern California. He is well-known internationally in the field of management accounting.

Wim A. Van der Stede is the CIMA Professor of Accounting and Financial Management at the London School of Economics and Political Science. An author and teacher, he brings a European perspective and a wealth of experience to this book.

Hallmark features of this title

• Written in a clear style your students can understand, this latest edition introduces the authors' leading framework, explaining a wide variety of performance measures and controls as well as how to use them.
• An invaluable guide to this increasingly relevant, complex and fascinating subject
• An extensive range of 75 case studies from around the globe shows the outworking of management controls in real business and organizations
• Coverage of performance measurement and incentive systems, processes, as well as critical trade-offs in their design and use
• Detailed coverage of measures focused on results but also broader management controls with aims other than profit maximisation
• Supplementary resources for lecturers now include case studies from past editions of this book that can be utilised in teaching