AF2402- Manage Acc. for Perform. & Decision Making Public

AF2402- Manage Acc. for Perform. & Decision Making

George Mariyajohnson
Course by George Mariyajohnson, updated more than 1 year ago Contributors

Description

This module builds on Introduction to Management Accounting (AF1402) by considering the use of performance measurement and management, and decision making, systems within the overall framework of the management information system.

Module Information

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1. What is a control process? Control process- The process of ensuring that a firm's activities conform to its plan & that its objectives are achieved 2. Give one type of control mechanism. Action controls- Observing the actions of individuals as they go about their work, also known as behavioural controls 3. Give another type of control mechanism. Personnel, cultural & social controls- Personnel controls involve helping employees to perform well through the use of selection and placement, training, job design, etc. Cultural & social controls involve the selection of people who have already been socialised into adopting particular norms & patterns of behaviour to perform particular tasks 4. Give a third type of control mechanism. Results controls- Collecting & reporting information about the outcomes of work effort, also known as output controls 5. What is feedback control? Feedback control- Monitoring outputs achieved against desired outputs & taking whatever corrective action is necessary if a deviation exists 6. What is feed-forward control? Feed-forward control- Comparing predictions of expected outputs with the desired outputs & taking prior corrective action to minimise any differences 7. What is goal congruence? Goal congruence- The situation that exists when controls motivate employees to behave in a way that is in tune with the organisation's goals
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