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1)Ralph Slick has asked for your help. As the new management accountant, prepare a report for the managing director outlining the advantages of implementing processes to determine organizational objectives, strategies and planning systems.
2)Consider the nature of the control system that you could design to report on monthly performances. What types of information do you think may be of interest to Slick and the managing director? Consider both financial and non-financial data.
A control system manages, commands, directs, or regulates the behavior of other devices or systems using control loops. It can range from a single home heating controller using a thermostat controlling a domestic boiler to large Industrial control systems which are used for controlling processes or machines.