MANAGEMENT CONTROL SYSTEM Definition

Bookmark and Share

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.

Learn new Accounting Terms

MORTGAGE is a conditional conveyance of property as security for the repayment of a loan.

CENT is a currency of: United States of America, Sierra Leone, China, South Africa etc.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.