Management Control Systems, Planning And Budgeting

I agree with the article when it talks about the importance of a Christian worldview. I think this article get the point of a Christian worldview in a diverse way, which is often largely neglected. I have heard from many people how important it is to view everything through the lens of God and the Bible, but they say this in a way that sounds afraid. It is almost like if they try to look at the world through other’s perspectives or let theirs be changed then they will be ruined. I do not agree with that mentality. Christianity is diverse. There are some beliefs that cannot be changed, the nature of Jesus and equally God and equally man is an example. But it is very easy to think that every little thing we believe is set in stone when we are in some very controlled

A biblical worldview encourages people to consider the great love that God has for them and all the ways he extends forgiveness and patience to those exercising faith in him. Luke 10:27 encourages Christians to love thy neighbor as thyself. This principle suggests that tenderness, kindness and love should be shown to others in thought, word, and deed just as God shows it to his children. The Christian worldview offers that God has a role for everyone to fill and a will for their lives. Proverbs 3:5­6 encourages Christians to look for God s direction in all things and not to lean unto their own understanding. Through thoughtful prayer and introspection the direction one should take in life that will make full use of his or her talents and gifts will be revealed. It should, of course, be work of an honest nature and morally appropriate for a true Christian (Growing Christian Resources, 2015) (Open Bible,

Countries disintegrate, place of worship and corporation fail, people become dysfunctional, descendants lose their direction, and mankind drift from God on behalf of one distracting reason; insufficiency of leadership. These disappointments are often for the reason that of the deficiency of instruction, appropriate leadership, and misperception on what Christian leadership subsists and exactly how that leadership is pertinent to every component of professional and personal life. From a Christian worldview perspective, Psalm 112:5 explains, “A good man deals graciously and lends; He will guide his affairs with discretion” (NKJ). A Christian manager should always keep in mind that bounteousness and admiration for God, demonstrates that one has placed trust in Him, and not our material possessions.

The Christian worldview of leadership is distinctly different from most secular views on the subject. In the secular, leadership tends to be viewed primarily in terms of a company’s bottom line and how well the leader can urge employees to produce more and better work. That view is profit-centered rather than person-centered, and it does not give much attention to employees’ human needs and qualities nor on how developing excellent work relationships can promote productivity. In the Christian worldview, however, people are key, and their human needs are important. The leader in the Christian worldview understands how meeting employees’ needs promotes the kind of productivity desired and

Not knowing or understanding the biblical worldview, as Christians, can be very detrimental to the people of the world, because we are called to lead others to Christ. In today existence, there are many cries and screams for answers for everyday life; furthermore, the greatest and the most difficult achievement is to find meaning in life. I read an interesting book about worldview by Phillips, W. G., Brown, W. E. & Stonestreet, J (2008). Making sense of your world; A biblical worldview quoted, “A worldview has been compared to a pair of glasses through which we see the world. Without these glasses, the world would appear as an unfocused, meaningless blob of people, places, and ideas. Our worldview puts the world in focus and shapes how we make

How might/should a biblical worldview influence the way you think about, treat, and speak to others on a daily basis? When you look at things in a biblical worldview, you are abiding by the scriptures in the Bible. We as Christians should have a biblical worldview in life. In doing so, it will affect the way you live your life. Interacting with others is something that is done daily. Nonetheless, we should treat others how we would like to be treated Matthew 7:12). We should speak well towards others and encourage them (Ephesians 4:32). According to Gutierrez & Weider, “everyone should believe and do what is in their best interest as long as it doesn't hurt anyone else” (2014, pg. 76). As, Christians we should respect and love one another (John

The next lever, the management control process, consists of four sections. The first of these is programming, which must come from strategy and be monitored to remain consistent with the firm’s objectives. The second process is budgeting, which need to fit with strategy formulation and programming. The last two of the four sections is measuring and reporting. These two sections focus on the “need for activities that measure and report both financial and nonfinancial information” . The measuring and reporting of a firm’s management control can be related to budget information and the motivation process. What a firm spends to drive motivation, and the amount of motivation that comes from it, can create contrasting cultures that needs information to why that is the result. Since this lever can be manipulated quickly, it is one that managers should focus on.

Organizations are responsible for the legal, ethical, and social issues that affect each stakeholder within the company. These factors continually impact the planning process performed at each level of management. An organization that neglects to establish and monitor plans can become disorganized and ultimately lose control of practices performed throughout the corporation. A prime example of poor planning due to disregard of legal, ethical, and social issues were the executives employed at WorldCom.

Budgets serve five main purposes; planning, facilitating communication and coordination, allocating resources, controlling profits and operations and evaluating performance and providing incentives. The budgeting process requires both technical and interpersonal leadership skills to achieve each of these purposes effectively. The director’s memo demonstrates several short comings in the budgeting process. The director instituted the “responsibility accounting system” as a means of evaluating performance. However, the DPW director has not consulted Sam in the budget process. Sam understands that his total expenditures are impacted by relatively unpredictable events that contribute to an uncontrollable element of his cost. The

Bhimani, A., Horngren, C., Datar, S., Rajan, M. et al. (2012) Management and Cost Accounting. 5th ed. Edinburgh: Prentice Hall, p.369 - 378.

Many companies emphasize a culture of continuous improvement. While never being satisfied with the status quo can drive

Budgetary control is part of overall organisation control and is concerned primarily with the control of performance. The use of budgetary control in performance management has of late taken on greater importance especially as a more integrative control mechanism for the organisation. Discuss.

The purpose of this case study is to describe and analyse the features of the management control system (MCS) of University of Southern California (USC). Before commencing the analysis a brief background of USC is provided.

P4. Explain the advantages and disadvantages of different types of planning tools used for budgetary control.

This project seeks to bring out the budgeting and budgetary control practices of UT financial institution, Koforidua, and how they can make sure their budgeting practices are done in such a way as to incur minimal or less cost for the organization