application of mathematical control theory to the accounting model for management control
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application of mathematical control theory to the accounting model for management control

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Published by s.n.] in [New York .
Written in English

Subjects:

  • Managerial accounting.,
  • Cost control.,
  • Control theory.

Book details:

Edition Notes

StatementVaiyapuri Jaikumar.
The Physical Object
Paginationvi, 162 leaves ;
Number of Pages162
ID Numbers
Open LibraryOL22183065M

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Mathematical control theory is the area of application-oriented mathematics that deals with the basic principles underlying the analysis and design of control systems. Management accounting has been the basic toolbox in business administration for decades. Today it is an integral part of all curricula in business education and no student can afford not to be familiar with its basic concepts and instruments. At the same time, business in general, and management accounting in particular, is becoming more and more international. This text's great achievement has been to place management accounting in its proper context within a realistic management control system. Without ignoring the technical side of management accounting, the authors demonstrate vividly that the behavioural and organizational aspects are of equal importance.'The beauty of the book is its completeness and coherence.4/5(1). matical control theory to the'analysis of a simple model of an accounting and budgeting problem. Our objective is not only to make the model operational for practical applications but also to use the framework and results of mathematical control theory in order to get new insights into accounting and budgeting problems.

The topics which I have particular interest and experience in are State Space Control, Systems Identification, Model Predictive Control and Optimal Control. I imagine that effective management of finances must involve modelling of financial systems in terms of transfer functions/state space models (based on large sets of historical data).   Buy Management Accounting: Decision and Control Workbook (AAT Professional Diploma in Accounting) by Penning, Aubrey (ISBN: ) from Amazon's Book Store. Everyday low prices and free delivery on eligible orders.5/5(2). It must also be recognized that the design of management control systems must interact with corporate strategy. Our knowledge about how these systems are used over time is only beginning to emerge. Perhaps the single most important change for the management accountant is to develop feedforward controls to, at least, the same level of Cited by: published accounting literature, since I view that as an important role of this conference. I begin with an early paper by Feltham [], inspired by the work on the economic theory of teams by Marschak and Radner, who later expressed many of their ideas in their book on the topic (Marschak and Radner []).File Size: KB.