MN4530 Management Control Systems

Overview of internal controls processes. Study of the design, implementation, and evaluation of management planning and control systems in Navy and Defense organizations with comparisons to large, complex private sector organizations. Specific topics include the need for planning and control, strategic planning, the resource allocation process, organization of the management control function, measurement of inputs and outputs, budgeting, reporting, and performance evaluation.

Prerequisite

MN3051 or MN3056 or MN3156

Lecture Hours

4

Lab Hours

0

Course Learning Outcomes

By the end of the course, students will be able to:

• Understand management control systems and concepts such as the COSO Internal Control Integrated Framework, the Standards for Internal Control in the Federal Government, and Circular OMB A-123.
• Understand the relationship between internal controls, fraud risks, auditability, and audit readiness in industry and in the federal government.
• Identify internal control fraud risk factors and internal control system issues within industry and the government to help deter fraud, waste, and abuse.
• Apply internal control concepts to develop practical workable solutions to the problems or concerns identified, especially related to auditability and audit readiness in the federal government.