Question: What is a management control system?

What is a management control system?

Step by Step Solution

★★★★★

3.49 Rating (176 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

ANSWER A management control system MCS is a collection of procedures instruments and systems that bu... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Introduction To Management Accounting Questions!

Q:

Sharon Gallagher (audit manager), Josh Thomas (audit senior), Ian Harper, and Suzie Pickering (both audit staff) are meeting to discuss their internal control assessment for Cloud 9. Sharon asks,...

Q:

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

Q:

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

Q:

I would like to have the answers for question 1 thru 64 please ACCA 310 FALL 2015 ASSIGNMENT QUIZ CHAPTERS 7 TO 10 Multiple Choice: 1. The financial budget includes a. only the capital budget and the...

Q:

I would like have the answers for questions 65 - 130 ACCA 310 FALL 2015 ASSIGNMENT QUIZ CHAPTERS 7 TO 10 Multiple Choice: 1. The financial budget includes a. only the capital budget and the cash...

Q:

Test Questions Question No 1 Information is relevant in business decisions if it is a(n) ________. A. past revenue and it differs among alternatives B. expected future revenue and it differs among...

Q:

Standard Cost and Variance Analysis Complete this matrix by providing reasons why you agree and disagree with each of the following author?s statements (shown on page 17 of the ?Standard Cost and...

Q:

Standard Cost and Variance Analysis Complete this matrix by providing reasons why you agree and disagree with each of the following author?s statements (shown on page 17 of the ?Standard Cost and...

Q:

I am having trouble completing this matrix. Chapter I 3 Standard Cost and Variance Analysis 'Tonifh we will uncinpt tn aiuwcr hive memphvsiral qiiestitmK: I. How did ihv imiver^e come to be? 2....

Q:

Standard Cost and Variance Analysis ACC/400 Version 2 University of Phoenix Material Standard Cost and Variance Analysis Complete this matrix by providing at least 2 reasons why you agree and 2...

Q:

Q. Find the work done in moving by the an object along curve force vector = y + xy + xyk t(t-1) x = 1+t y = 1+ 2t & Z= 2+e

Q:

In 2005 astronomers announced the discovery of a large black hole in the galaxy Mark Arian 766 having clumps of matter orbiting around once every 27 hours and moving at 30,000 km/s. (a) How far are...

Q:

Equations and Incqualities Multiplying complex numbers Multiply. ( 5 - 4 i ) ( 2 - i ) Write your answer as a complex number in standard form.

Q:

=+c. Suppose that the population distribution of diameter is symmetric but with heavier tails than the normal distribution. Give a point estimate of the population mean diameter based on a statistic...

Q:

Suppose you are a manager in a manufacturing company. Your accountant has just presented you with a very detailed cost analysis for a decision about whether to outsource or make a component of a...

Q:

Explain why it is sometimes best to sell inventory for less than the amount paid for it.

Q:

Emily Adessa is an attorney employed by a large law firm at a salary of $85,000 per year. She is considering whether to become a sole practitioner, which would probably generate annually $410,000 in...

Q:

Mobol, a wireless phone carrier, completed its first year of operations on October 31. All of the year's entries have been recorded, except for the following: a. At year-end, employees earned wages...

Q:

The following table shows the annual returns (in percent) and summary measures for a sample of returns from the Vanguard Energy Fund and the Vanguard Health Care Fund from 2012 through 2016. Year...

Q:

What is the on the y-axis (vertical axis) of a yield curve plot? Different points in time Returns Yield-to-maturity Time-to-maturity Coupon payment