Determinants of Financial Control Systems for Multiple Retailers — Some Case Study Evidence

Despite concerted efforts made by successive government administrations in Nigeria to eliminate or better still minimize the menace of fraud, embezzlement, misappropriation of funds, inflation of contract prices, payment of salaries to ghost workers etc., it seems as if the challenge is far from being over. It is believed that the implementation of effective and efficient financial control systems may result in better performance, accountability, and better reporting process in the public sector. This study aims to assess the effectiveness of financial control in the public sector of Nigeria using Akoko South-West Local Government Area (ASWLGA) as a case study. The study employed both descriptive and econometric analytical methods to achieve the stated objectives. Specifically, the hypotheses were tested using regression analysis based on the primary data collected. The study revealed that the level of financial control in ASWLGA is adequate and capable of reducing financial misappropriation and that financial control is also cost-effective. However, there is a need for regular review of the financial control system in order to boost the effectiveness of the public sector.

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Characterizing High-Growth Firms in New Zealand

The International Journal of Entrepreneurship and Innovation ◽

10.5367/ijei.2013.0103 ◽

2013 ◽

Vol 14 (1) ◽

pp. 39-48 ◽

Cited By ~ 12

Author(s):

Mark Hinton ◽

R.T. Hamilton

Keyword(s):

New Zealand ◽

Control Systems ◽

Relationship Marketing ◽

High Growth ◽

Financial Control ◽

Four Dimensions ◽

Case Study Design ◽

Growth Firms ◽

Business To Business

This study characterizes high-growth New Zealand-owned firms operating in business-to-business relationships. Within a case study design featuring six such firms, four dimensions emerged that captured their key features: founders' characteristics; opportunity orientation; opportunity exploitation; and the management of growth. All the firms had joint founders who brought complementary skills and maintained external advice networks. The growth opportunities leveraged innovations of other firms. Exploitation was in niche areas in which there were both few competitors and small numbers of larger customers, facilitating intensive relationship marketing. The founders managed the businesses by developing a pro-growth culture among employees, but supported this through strong financial control systems and low debt preference. The lack of evidence on the characteristics of this important group of firms has contributed to poorly targeted policy. This paper begins to redress this situation.

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Business Process Improvement (BPI) with Enterprise Resource Planning (ERP) Financial & Control (FICO) and Procurement Modules Using SAP S/4 HANA to Handle Non-Banking Processes in Case Study: PT Bank Mantap

Journal of Physics Conference Series ◽

10.1088/1742-6596/1807/1/012004 ◽

2021 ◽

Vol 1807 (1) ◽

pp. 012004

Author(s):

Sasmito Budi Utomo ◽

Eka Widya Yuliani ◽

Nita Wulandari

Keyword(s):

Process Improvement ◽

Business Process ◽

Enterprise Resource Planning ◽

Resource Planning ◽

Financial Control ◽

Business Process Improvement

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Are we ready to change? A case study of Management Accounting Change (MAC) in an Italian Co-operative

MANAGEMENT CONTROL ◽

10.3280/maco2021-001-s1008 ◽

2021 ◽

pp. 141-164

Author(s):

Silvia Macchia

Keyword(s):

Control Systems ◽

Management Accounting ◽

New Techniques ◽

Managerial Efficiency ◽

External Stakeholders ◽

Context Dependent ◽

Innovation And Change

Over the last 30 years, research on Management Accounting Change as a way to understand the circumstances, forces and consequences related to the develop-ment and implementation of new techniques has grown in popularity. Accounting practices are context-dependent, as are changes to such practices. They require setting-specific studies that pay attention to the complexity of their enactment and to the elements that shape these practices. This paper presents a retrospective lon-gitudinal case study of a management accounting change project undertaken by a co-operative firm, and includes descriptive and explanatory aims. The factors po-tentially influencing the firm's decision to invest in management accounting change were related to a requirement for managerial efficiency, the need to legiti-mize the company to its external stakeholders, and the behavioral aptitude of in-dividual employees in the accounting and management sections. Against propo-nents' expectations, the project proved difficult to implement because of different forms of resistance and opposition, some explicit, others less obvious, encountered during implementation.. The study provides insights into the role played by man-agement control systems in creating and fostering trust in innovation and change.

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Examining Financial Controls Practices Among Religious Non-Profit Organisations: A Case Study of Malaysia

Case Studies in Business and Management ◽

10.5296/csbm.v8i2.18115 ◽

2021 ◽

Vol 8 (2) ◽

Author(s):

Rozaidy Mahadi ◽

Noor Kaziemah Sariman ◽

Andy Lee Chen Hiung

Keyword(s):

Financial Management ◽

Management Practices ◽

Financial Control ◽

Non Profit ◽

Control Framework ◽

Financial Governance ◽

Financial Scandals ◽

Government Organisation ◽

Financial Misconduct

There have been many financial scandals associated with religious-based non-profit organisations (RNPOs), their involvement in unethical and wrongdoing has pressured non-profit organisations, especially religious-based NPOs (RNPOs) to start adopting highly transparent and accountable financial management practices. Despite many efforts to improve the RNPOs’ service quality, their integrity has been tinted with many scandalous incidents of funds embezzlement and corruption. Poor financial accountability and lack of legal requirements are argued to be the underpinning reasons for such financial atrocities occurring. With the absence of sound financial governance and comprehensive financial regulations, it has been impaired the government’s ability to detect, prevent and correct RNPOs’ financial misconduct. To prevent financial misconduct from repeatedly occurring, having cogent financial control practices will ensure the RNPOs upholding their accountability duties to the clients they have served. Therefore, the objective of this paper is to examine Malaysian RNPOs financial controls practices. In doing so, various religious-based NGOs’ (i.e. Islam, Buddha, and Christian) representatives were interviewed, analysed, and appraised with Simon’s (1994) control framework. The findings indicate that the RNPOs financial control practices are mediated by the virtue of the religions that they have adopted, the RNPOs’ affiliation (i.e. local-based, foreign-based, and/or semi-government organisation), and the level of sponsorships and grants they have received.

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Manifold Calculus in System Theory and Control—Fundamentals and First-Order Systems

Symmetry ◽

10.3390/sym13112092 ◽

2021 ◽

Vol 13 (11) ◽

pp. 2092

Author(s):

Simone Fiori

Keyword(s):

Control Systems ◽

Linear Systems ◽

Linear Control Systems ◽

First Order ◽

Curved Manifolds ◽

Non Linear ◽

Covariant Derivation ◽

Non Linear Systems ◽

And Control

The aim of the present tutorial paper is to recall notions from manifold calculus and to illustrate how these tools prove useful in describing system-theoretic properties. Special emphasis is put on embedded manifold calculus (which is coordinate-free and relies on the embedding of a manifold into a larger ambient space). In addition, we also consider the control of non-linear systems whose states belong to curved manifolds. As a case study, synchronization of non-linear systems by feedback control on smooth manifolds (including Lie groups) is surveyed. Special emphasis is also put on numerical methods to simulate non-linear control systems on curved manifolds. The present tutorial is meant to cover a portion of the mentioned topics, such as first-order systems, but it does not cover topics such as covariant derivation and second-order dynamical systems, which will be covered in a subsequent tutorial paper.

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Fukushima Daiichi - A Case Study for BWR Instrumentation and Control Systems Performance during a Severe Accident Rev 0

10.2172/1074440 ◽

2013 ◽

Cited By ~ 1

Author(s):

Dwight A Clayton ◽

Willis P Poore, III

Keyword(s):

Control Systems ◽

Severe Accident ◽

Fukushima Daiichi ◽

And Control

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Integrating organisational- and individual-level performance management systems (PMSS): a case study in a large Indonesian public sector organisation

Qualitative Research in Accounting & Management ◽

10.1108/qram-06-2019-0074 ◽

2021 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Rudy M. Harahap

Keyword(s):

Public Sector ◽

Performance Management ◽

Control Systems ◽

Developing Country ◽

Management Systems ◽

Content Type ◽

Performance Management Systems ◽

Individual Level ◽

Level Performance

Purpose This study aims to comprehensively examine the integration of organisational- and individual-level performance management systems (PMSs) in the context of public sector organisations (PSOs) of developing countries (DCs), by investigating the elements of PMSs in the studied organisation. Design/methodology/approach A case study in a large PSO of a developing country was conducted. The design of the study and the data analysis drew on Ferreira and Otley’s PMSs framework. Data were captured from electronic and printed document archives, online written interviews with participants and face-to-face interviews. The data then were triangulated and analysed thematically. Findings The study reveals a recursive relationship between culture and PMSs, and identifies conflicting regulatory requirements and a lack of information technology capacity led to the development of dual, loosely coupled PMSs in the studied organisation. Research limitations/implications The findings may not be generalisable beyond a large, PSO in a developing country; the study did not consider the linkages between the integration of organisational- and individual-level PMSs and other PMSs; the study looked at only two notions of culture; and the study asked participants to recall past events, so was retrospective in its design. Practical implications The findings illustrate the need for public sector managers and key policymakers to use both formal and informal control systems, together with technical and social integration mechanisms, as well as management accounting (MA) and human resources management (HRM) control approaches, when attempting to integrate organisational- and individual-level PMSs in the PSOs of DCs. Social implications Future studies may usefully investigate the integration of organisational- and individual-level PMSs in different contexts, consider culture and contextual factors when investigating the integration of organisational- and individual-level PMSs in different contexts, examine whether national culture also substantially impacts PMSs in other countries and attempt to inform the MA literature by drawing on HRM theory and research on individual-level PMSs. Such studies may help to address the gap between PMS theory and practice and better allow MA researchers to contribute to practice. Originality/value The study contributes to management control systems (MCSs) and PMSs literature by extending our understandings in the relationship between accounting and non-accounting controls, the contextual factors that affect PMSs and highlighting the importance of considering cultural context when integrating PMSs in the PSOs of DCs.

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A measurement model of project control systems success for engineering and construction projects case study: contractor companies in Saudi's petroleum and chemical industry

Engineering Construction & Architectural Management ◽

10.1108/ecam-11-2020-0924 ◽

2021 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Sahar Jawad ◽

Ann Ledwith

Keyword(s):

Project Management ◽

Control Systems ◽

Chemical Industry ◽

Measurement Model ◽

Measurement Tool ◽

Maturity Model ◽

Project Control ◽

Content Type ◽

Critical Elements

PurposeThe purpose of this paper is to presents a new modeling approach that provides a measurement tool for evaluating the effectiveness of Project Control Systems (PCS) and the improvement of the project control capability as a part of an organization's project management processes.Design/methodology/approachThis study used a project management maturity approach to develop a measurement model of PCS success. The key elements in this model have been identified using the Fuzzy Analytic Hierarchy Process (FAHP) method to analyze data from a case study involving contractor companies in Saudi's petroleum and chemical industry.FindingsThe results identified six critical elements for PCS success: (1) Change Management, (2) Earned Value, (3) Baselined Plan, (4) Resource Loaded, (5) Progress Method and (6) Governance Program. In addition, Project Forecasting and Corrective Action Verification were identified as the main areas where clients and contractors need to focus for the effective deployment of a PCS.Practical implicationsThe results of this study were used to create a PCS Maturity Model (PCSMM) and a PCS Success Index (PCSSI). The value of this index can help project managers to identify the maturity level of their PCS and improvement areas that lead to enhanced project performance.Originality/valueThis research presents an alternative maturity model for PCS assessment that provides a practical tool to identify areas for improving the critical elements of PCS success. The study draws a clear distinction between overall project success and the success of the PCS.

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