mcd

1. Course Handout- HRP
ICFAI Business School
The ICFAI University Jaipur
THE ICFAI UNIVERSITY, JAIPUR
ICFAI Business School
Course Handout
MBA (Class of 2024)
Fourth Semester: 2023-2024
Course Code/No. Course Title L P U
SLIT502 Management Control System 3 0 3
1. Instructor-in-charge : Dr. VAIBHAV KAUSHIK
Assistant Professor
109
Email id: vkaushik@iujaipur.edu.in
2. Scope & Objective of the course:
 A broad understanding of the control process, control systems and their applications in the real-life
business situations.
 To acquire the essential skills to design, develop and implement appropriate control systems to real
life business situations
 Describe and apply models and methods used in forecasting.
 Develop an organization plan at the operational or strategic level in an organization.
 Evaluate the effectiveness of Management Control processes in an organization.
3. (a) Textbook(s):
T1 Management Control Systems: An Integrated Approach to Performance and
Compliance
(b) Reference book(s):
R1
R2
Management Control Systems Mc-Bey, Kenneth. Thomson- Nelson – 2015
Management Control Systems
Management Control Systems Joseph Maciariello and Calvin Kirby 2e; Prentice
Hall
(c) Other readings:
Case studies in Management
Journal of Human Resource Management
Lecture-wise plan
Lecture/
Session
Nos.
Learning
Objectives
Topics to be covered Application

2. COURSE HANDOUT –HRP
THE ICFAI UNIVERSITY, JAIPUR
2 | P a g e
2 (1,2) Significance of implementing
control systems in Organization
Introduction to Management Control
Systems
Discussion Forum
2 (3,4) Why management control
systems are important in
implementing the corporate
strategies
Organizational Strategies Asynchronous Activity
3(5,6,7) Management control systems
influence culture and human
behavior and leading towards
goal congruence
Corporate Culture and Designing of
Control Systems
Synchronous Activity
Presentations
Practicing Manager Session: Session 8
3(9,10,11) Different types of
organizational structures and
identifying appropriate control
systems. Need of identifying
responsibility centers of an
organization.
Organization Structure and Control
Discussion Forum,
Quizzes
3
(12,13,14)
The role of transfer pricing as
an internal management
control tool
Transfer Pricing Lecture and Discussion
Practicing Manager Session: Session 15
3
(16,17,18)
The role of budget as a control
tool of management.
The need of interactive control
systems in an organization.
Analyzing and Reporting Financial
Performance
Asynchronous Activity
& analysis of various
models and
techniques
Practicing Manager Session: Session 19
4
(19,20,21,2
2)
The significance of rewards and
compensation as management
control tool
Management Compensation
Case Analysis, Self-
analysis
Practicing Manager Session: Session 23
4
(25,26,27,2
8)
The need of management
control systems in service
organizations and its
Management Control Systems in
Service Organizations
Case Analysis, Quiz

3. COURSE HANDOUT –HRP
THE ICFAI UNIVERSITY, JAIPUR
3 | P a g e
implementation
Practicing Manager Session: Session 29
3(27,28,29) To design management control
systems in multinational
corporations and describe the
impact of cultural differences
on management control
Management Control Systems in
Multinational Corporations
Discussion Forum
Practicing Manager Session: Session 30
3
(31,32,33,3
4)
To differentiate how projects
organizations are different
from manufacturing firms and
explaining how to design
management control systems
for project organizations.
Management Control Systems in
Projects
Case Analysis &
presentations
Practicing Manager Session: Session 35
4 (36,37,38,
39)
Understanding of different
types of risks associated with
an enterprise.
Overall aspects and significance
of management control
systems.
Enterprise Risk Management Systems
Comprehensive view of Management
Control Systems
Case analysis and
discussion forum
Practicing Manager Session: Session 40
5. Evaluation Scheme:
Component
Duratio
n
(hr/mi
n)
Weig
htage
(%)
Course
coverage/
Syllabus
Date/ Time Remarks
Component - I
 Application-oriented Short
Questions – 3
 Application-oriented
Subjective Questions – 1
 Caselet – 1
45 Min 10 Sessions 1-8
Tentative Date:
In fourth week of
October, 2023
Component - II 45 Min 10 Sessions 9-16 Tentative Date:

4. COURSE HANDOUT –HRP
THE ICFAI UNIVERSITY, JAIPUR
4 | P a g e
 Project – 1 (Presentation) In fourth week of
October, 2023
Mid Term Examination
 Application-oriented Short
Questions – 9
 Application-oriented
Subjective Questions – 3
 Case – 1
2 hours 20 1-16
Tentative Date:
To be decided
Written
Examination
Component – III (Open Book Exam)
 Application-oriented Short
Questions – 3
 Application-oriented
Subjective Questions – 1
 Caselet – 1
45 Min 10 Sessions 17-25
Tentative Date:
In first week of
December, 2023
Component - IV
 Project – 2 (Viva)
45 Min 10 Sessions 26-33
Tentative Date:
In first week of
January, 2023
End Term Examination
 Application-oriented Short
Questions – 12
 Application-oriented
Subjective Questions – 4
 Case – 2
3 hours 40 Sessions 1-33
27February – 4
March, 2023
Written
Examination
TOTAL 100
***Guest Lectures will be organized to discuss HRP current processes and challenges.
6. Chamber Consultation Hours: Every Wednesday 5:00 pm to 6pm
7. Make-up Policy: Make up tests will be allowed to the students only in case of genuine circumstances.
However, there has to be a prior and proper intimation to the Program Coordinator
8. General:
a. Assignments topic will cover the given syllabus but it should be aligned with the current business scenario
b. Pre mid- term Test and Post Mid-term test shall be of problem and conceptual theories.
Dr. VAIBHAV KAUSHIK
Date: 07-10-2023
Name & Signature of I/C
Form: GT/2