CONTROLLING

P M INDUKALA

M120015MS

MANAGEMENT AUDIT Evaluation of management Involves independent and careful

examination Advice top management Problems Reports

SOCIAL AUDIT Social performance of an organization

in contrast to its economic performance

Started in USA in 1950s Different definitions-different

yardsticks It can be defined as a commitment to

systematic assessment and reporting on some meaningful definable domain of company’s activities that have a social impact.

Problems in social audit:

Determining the scope of social audit: What all activities are to be included? Measurement Problems: Difficulty in quantifying social activities.

SOCIAL AUDIT REPORT An enumeration of social expectations and

organisation’s responses. A statement of corporation’s social

objectives and priorities attached to specific activities.

A description of corporation’s goals in each programme area of the activities it will conduct.

A statement committed to achieve objectives and goals

A statement of accomplishments and progress made in achieving each objectives and goals.

HUMAN RESOURCE ACCOUNTING Provides tools for valuation of human resources and

measures to take appropriate actions. Involved in measuring various aspects related to

human assets. Basic purpose: To provide cost-value data to managerial decisions To provide info to monitor the effectiveness of human

resource utilization To provide info regarding human asset status To assist in the development of effective human

resource management practices

ADVANTAGES OF HR ACCOUNTING Gives valuable information to management. Measurement of standard cost of HR activities. Changes the attitudes of managers. Create a congenial work environment.

PROBLEMS IN HR ACCOUNTING Absence of well defined practice. Based on the assumption that human

resource remains constant Leads to dehumanization in

organization. Trade unions’ opposition

MANAGEMENT INFORMATION SYSTEM (MIS)

Information: life blood in systems approach

Information system Management Information System can be

defined as the system of providing needed information to each manager at the right time, in the right form and relevant one which aids his understanding and stimulates his action.

Designing of MIS based on two factors: Determinants of information needs Mis Blueprint

Computer and MIS Role of MIS: Reduce the cost Greater precision of data Coordination through unifying the

concept of each subsystem Rapid access to information

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