This compact and concise textbook, in its second edition, gives clear analyses of the principles and practices of management control systems being practised by the companies all over the world. Divided into seven sections, the book explains various approaches and designs of management control system. It then moves on to give a detailed description of key success variables as control indicators and explains goals, strategies and organization for adaptive control, divisional autonomy and responsibility. While describing the management tools and processes, the book explains in detail, the strategic planning and programming processes, budgeting and budgetary control, standard costing and variance analysis, transfer pricing, reward system and management control of operations. The new edition is thoroughly updated and a new chapter on Managerial Decision-Making is added to it. The chapter is added to demonstrate with examples how managerial decisions are taken by the organizations as a part of management control exercise by the application of marginal costing techniques. Primarily intended for the postgraduate students of management, the book can be equally beneficial for the commerce students, researchers, accounts professionals, and corporate policy and decision makers.

This compact and concise text, now in its second edition, gives a clear analysis of the principles and practices of corporate governance - the corporate governance practices prevalent in India as well as in other industrialized countries around the globe. Starting with the introduction of corporate governance, the book moves on to explain the evolution of corporate governance system. It gives a detailed description of the principles, philosophy, structure and the process of corporate governance. The text also contains sample study analyses of some listed Indian companies under BSE Sensex and NSE Nifty. Thoroughly revised and updated, this new edition presents coverage of corporate social responsibility and environmental issues. Besides, it provides updated recommendations of various national committees on corporate governance reforms as well as includes three new appendices relevant to the subject. This title gives a road map for Indian companies to achieve international standards of corporate governance. It provides an explorative and evaluative study on the standards and practices of corporate governance in India. It supplies figures and tables to have a better understanding of the concept discussed. Primarily intended for the students of management, law and commerce, the book can also be used by professionals, regulatory authorities and policy-makers.

Divided into seven sections, the book explains various approaches and design of management control system. It moves on with a detailed description of key success variables as control indicators, and explains goals, strategies and organization for adaptive control, divisional autonomy and responsibility. While describing the management tools and processes, the book explains in detail, the strategic planning and programming processes, budgeting and budgetary control, standard costing and variance analysis, transfer pricing, reward system and management control of operations. The text also contains various aspects of strategic cost management, cost analysis for managerial decision-making and control actions. It also explains how auditing can be used by the management in its various departments and subsidiaries as a tool of control system. The book concludes with the discussion on current issues and their relationship with management control system. Primarily intended for the postgraduate students of management, the book can be equally beneficial for the commerce students, researchers, accounts professionals, and corporate policy and decision-makers. KEY FEATURES : Contains glossary of terms to explain the core concepts. Appendices at the back of the book enclosing related tables and figures of the topics discussed. Illustrative examples in between the sections to help in analytical understanding of the subject.

Corporate governance is a system of administration, designed to meet certain objectives in corporate houses. It aims to provide better management and transparency in corporate sectors by setting exemplary standards of ethical behaviour. The fourth edition of the book focuses on corporate governance practices, elaborating critically corporate governance prevailing in the Indian corporate sectors vis-a-vis the corporate governance in other industrialised countries. It shows the ways and means to serve the needs of the stakeholders in the best possible way. In order to ensure the relevance of this thoroughly revised edition with the new Companies Act, 2013 and Rules, 2014, and also, with the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, five new chapters have been added to the text. Besides, the new edition comprises numerous new sections as well as updated information throughout the book. UNIQUE SELLING PROPOSITION (USP) The book presents an amalgamation of all suggestions and recommendations of national and international committees under a common platform for adequate evaluation and setting up a standard code of conduct applicable to the Indian corporate houses.

This compact and concise book, now in its second edition, includes a chapter on corporate social responsibility and sustainability. It provides a conceptual, analytical and evaluative study of the principles, codes, systems and practices of corporate governance prevalent in industrially developed countries, as well as the developing nations of the world. It contains sample study analyses of six Indian industries. The book also includes "codes of best practices" on corporate governance recommended by the author. Primarily intended for students of commerce, law and management, the book can be used by researchers, professionals, regulatory authorities and policy makers all over the world. Key features: Provides a comprehensive account of all codes/recommendations of the important international and national committees on corporate governance. Provides a detailed description of the current corporate governance principles, systems, standards and practices followed by the USA, UK, Germany, Japan, France, Australia, New Zealand, Russia and India. Explains the standards and practices of corporate governance adopted by the six globally renowned Indian industries to assess Indian standards and practices as compared to the international benchmark. Gives a road map for all companies to achieve international standards of corporate governance. Contains a glossary of terms to explain the core concepts.