concept of financial_research

May 28th, 2015
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A. T. Still University
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Organization built on series of superior/subordinate relationships Headquarters/divisions/departments Functional Divisionalized Geographical

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Management AccountingPractice and ResearchRelated to VerticalHierarchies withinOrganizationsKenneth A. MerchantUniversity of Southern CaliforniaEIASM, December 20061What is a vertical hierarchy? Organization built on series ofsuperior/subordinate relationships Headquarters/divisions/departments Functional Divisionalized Geographical2Critical problems in verticalhierarchies The organizational coordination problem The management control/agency/motivationproblem3Primary control alternatives invertical hierarchies Direct supervision(monitoring) Bureaucracy (rules andprocedures) Meritocracy (autonomy plusaccountability4Creating a meritocracy isgenerally the preferredalternative Encourage coordinated actions. Energize the workforce. Stimulate learning, creativity/innovationand continuous improvement.5Management accounting inmeritocracies Long history E.g., DuPont, General Motors, GE Centralized control withdecentralized authority Responsibility accounting E.g., Solomons (1965)6Virtually all corporations of atleast minimal size Create financial plans/budgets Measure financial andoperational performancemonthly Use responsibility accounting Provide rewards based onfinancial performance(typically annually)7So is best practice wellestablished?Not exactly8Among the things we dont know1. Why so heavy an emphasison

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