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Chapter 15: The Essentials of Control Learning Objectives

Chapter 15: The Essentials of Control Learning Objectives. Understand what is meant by organizational control Differentiate among different levels, types, and forms of control Know the essentials of financial controls Know the essentials of non-financial controls

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Chapter 15: The Essentials of Control Learning Objectives

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  1. Chapter 15: The Essentials of Control Learning Objectives • Understand what is meant by organizational control • Differentiate among different levels, types, and forms of control • Know the essentials of financial controls • Know the essentials of non-financial controls • Know the basics of lean control systems • Develop a personal balanced scorecard

  2. Organizational Control in the P-O-L-C Framework

  3. What Is Organizational Control?

  4. The Costs and Benefits of Organizational Controls

  5. Things expected to lead to positive performance Includes customer loyalty, referrals, employee satisfaction, and other such performance measures • Costs & expenses and Budgeting • Includes assets, sales, and/or profitability forecasts

  6. Current Assets are those assets that are cash or can be readily converted to cash in the short term • Examples include accounts receivable or inventory • Fixed Assets are those assets that are not easily converted to cash in the short term - they are assets that only change over the long term • Examples include land, buildings, equipment, vehicles, furniture and fixtures

  7. The Strategy Map: A Causal Relationship Between Non-Financial and Financial Controls

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