Management Accounting Assignment

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Course Title: Advance Diploma in Accountancy/ Business Management

MID-TERM 2 ASSESSMENT

Module Title: Managerial Accounting

2017 Q1

Management Control System

Lecturer: Mr. Nicholas Koh

Submission Date: 06/03/2017

Name: Ly Dane                                                Student ID: 1509012700

Name: Lim Techhong                                        Student ID: 1509012694

Name: Seng Gechly                                        Student ID: 1509012698

Name: Vann Panhaudom                                Student ID: 1509012685

Table of Contents:

                                                                                        Pages

1. Executive Summary                                                                3
2. Introduction of the Management Control System                        4
3. How can the Management Control System encourage                7

innovation and entrepreneurship?

1. Describe any three criteria you would use to evaluate                11

whether a Management Control System is effective.

1. Answers to Task 1- 5                                                        12
2. Conclusion                                                                          19
3. References                                                                                20
4. Appendix                                                                         22

1. Executive Summary:

As the market place is extremely competitive these days, companies must ensure that their operations are done in a way that provides outstanding outcomes. That is why the management control system is introduced.

 Management control system is the process of collecting and gathering information to help and coordinate planning and controlling decision within the organization and guide both managers and employees to perform in the best interest of the company.