ACCT 463 Lecture Notes - Lecture 3: Absenteeism, Financial Statement, Product Differentiation

• School: McGill University
• Department: Accounting
• Course: ACCT 463
• Professor: Philippe Levy

Document Summary

Does employee behave properly? : objectives (goal) Strategies (how they expect to get there) gets more specific as you move down. Desired behaviours : what the company desires out of the employee need to put in controls in order to make employees do certain things. Provide clear direction: objectives and strategies are clearly defined and explained. Keep employees motivated: do the right thing, don"t do the wrong thing. Inherent characteristics of controls: directive controls, preventative controls (safeguard) Directive and preventative are the most important controls for this course! (directive is the most important: detective controls, corrective controls. Result control: ex. could be directive and detective in nature. Detective measurement at the end: risky if end result was not good, the result of many undefined initiative/actions . Directive what you measure is what you get : direction. Little to no guidance on how to get there: motivation. Personal motivation or reward: personal limitations.