Conditions necessary in a control cycle, Managerial Accounting

Conditions necessary in a control cycle

There are four necessary conditions that must be satisfied before any system can be said to be controlled. Such are as follows:

(1) Objective of the process being controlled must exist

(2) The output of the procedure should be measurable in terms of the dimensions defined by the objective.

(3) A predictive model of the process being controlled is required so that causes for the non-attainment of objective can be identified and proposed corrective action analyzed.

(4) There should be potential of taking action therefore deviation of attainment from objective can be reduced.

Posted Date: 12/7/2012 7:53:52 AM | Location : United States







Related Discussions:- Conditions necessary in a control cycle, Assignment Help, Ask Question on Conditions necessary in a control cycle, Get Answer, Expert's Help, Conditions necessary in a control cycle Discussions

Write discussion on Conditions necessary in a control cycle
Your posts are moderated
Related Questions
VALUE CHAIN ANALYSIS Every firm is a collection of activities that are executed to design, generate, market, deliver and support its products or services. Value chain analysis

Project C would involve a current outlay of $50,000 on equipment and $15,000 on working capital. The investment in working capital would be increased to $21,000 at the end of the f

A purchased product, sold in a retail store, has a normally distributed daily demand, with a mean of 8 units/day and a variance of 4 (units) 2 . Its supply lead time is 6 days and

what is the computation procedure of accounting rate of return?

Stellar Packaging Products and its primary customer, Estrella Coffee, are deciding on appropriate costing systems for their operations. Stellar Packaging Products’ manufacturing is

Review the options and views available to answer the following questions: 1. What sort of information is being provided by the dashboard? What visual objects are used?     Wh

Monitor Let's start by having you think about the controlling your car (aka "driving")! Your steering, acceleration, and braking are not the random things to be done; they are


Definition of the Mission and Goals of the Organization Generally the organization has already established mission and aim statements. Though, it may be essential to redefine

The CP introduced in the Indian financial market, for the recommendations of the Vaghul Committee has turn into a well-liked debt instrument of the corporate world. Commercial Pape