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This concise but systematic and rigorous text presents an insight into the theory and practice of management control systems in large organizations. It is a fine blend of principles of accounting and concepts from behavioural sciences. The intricate theories of management control are elaborated with the help of real-life examples and case studies drawn from the Indian business arena, most of which are the outcomes of the author's own experience of corporate life. A separate chapter on Mathematical Models for Management Control is intended to assist the reader in solving difficult managerial problems. Primarily designed for the postgraduate students of management and commerce, this book would also be a valuable source of reference for professionals. Table of Contents Foreword Preface. Acknowledgements. 1. Basic Concepts of Management Control System. 2. Strategic Planning, Management Control and Operational Control. 3. Management Control System-Structure and Process. 4. Adaptive Control System-Design, System and Culture. 5. Organization Structure. 6. Behaviour in Organization. 7. Strategies, Goals and Objectives. 8. Management Control Information. 9. Responsibility Accounting. 10. Control Process-Responsibility Budgeting and Management by Objectives. 11. Key Variables and Financial Goal-Setting. 12. Divisional Operation and Profit Centres. 13. Measurement of Divisional Performance and Transfer Pricing. 14. Financial Control and Ratio Analysis. 15. Operational Control-Traditional and Activity-Based Cost System. 16. Discretionary Expense Control Administration, Research and Development, Marketing and Support Activities. 17. Project Operation and Management Control. 18. Mathematical Models for Management Control. References. Appendix.