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| Accounting term: | Management Control System |
| Definition: | Management Control System is essentially a strategic tool for holding managers accountable and responsible for their performance. Existence of such a system also provides feedback for managers to know how they perform, in which direction the organization is heading, and what type of course correction may be required to stay on course. |
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Accounting terms by letter:
Some accounting terms:
- Extraordinary Items
Events and transactions distinguished by their unu [...] - American Institute of Certified Public Accountants
The AICPA is the national professional organizatio [...] - Revised Budget
The sum of the base budget plus or minus any perma [...] - Accounting model
The basic accounting assumptions, concepts, princi [...]
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