By Jaspar Robertson, Walter Allan
CIMA examination perform Kits consolidate studying via delivering an intensive financial institution of perform questions. every one resolution presents a detailed research of the right kind resolution and highlights why the choices are improper. CIMA examination perform Kits are perfect for scholars learning independently or attending a tutored revision path. It vitamins the legitimate CIMA examine structures and CIMA Revision playing cards with a wealth of extra questions and fabric centred simply on employing what has been learnt to passing the examination. CIMA examination perform Kits support scholars arrange with self belief for examination day, and to go the hot syllabus first time. * is helping CIMA scholars to arrange and cross the hot syllabus first time * perform employing and showing wisdom so CIMA examiners can award you marks * offers labored solutions to totally clarify the proper solution, and research of unsuitable solutions - assisting CIMA scholars steer clear of universal pitfalls
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Additional info for CIMA Exam Practice Kit: Risk and Control Strategy
Sample text
Myopia: The short-term focus on performance may have longer-term consequences. • Measure fixation: An emphasis on measures rather than the underlying objective. • Misrepresentation: The deliberate manipulation of data so that reported behaviour is different from actual behaviour. • Misinterpretation: The way in which the performance measure is explained. • Gaming: An employee can pursue a particular performance standard when that is what is expected of them, even though they know that this is not in the organisation’s best interests in terms of its strategy.
Accounting presents ‘facts’ that contain implicit assumptions of economic–rational behaviour. In the radical or critical perspective, management control systems are not seen as neutral mechanisms but are dependent on and reinforce particular power interests and class divisions. Pluralist approaches to alternative perspectives We live in a world where the economic–rational perspective dominates. In business organisations, shareholder value is the dominant motive for business activity. However, our own business experience will confirm that ‘reality’ is interpreted differently and that culture is a powerful form of control.
The contingency approach is situated between these two extremes, of the situationspecific approach and the universalist approach, in which the appropriateness of the control system depends on the particular circumstances faced by the business. However, generalisations in control systems design can be made for different classes of business circumstances. A review of contingency studies has found that the following variables have been considered as affecting control systems design: • External environment: Whether uncertain or certain; static or dynamic; simple or complex.