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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.
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