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Emilia Vasile () and Ion Croitoru ()
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Emilia Vasile: Athenaeum University, Bucharest, Romania
Ion Croitoru: Athenaeum University, Bucharest, Romania

Internal Auditing and Risk Management, 2019, vol. 56, issue 4, 108-117

Abstract: This paper deals with management control as an essential factor in monitoring the functioning of the economic management of economic organizations. Management control is the set of procedures and tools that allow an organization to set goals, guide management decisions and behaviors to achieve goals and ensure that the necessary resources are available and used effectively and efficiently in carrying out activities associated with the goals set. It intervenes in all situations where the working environment is indefinite or unclear. Through the management control it is tracked whether the stages of the managerial process regarding the management of the financial resources and the patrimonial management are properly completed. The management of the economic organizations through the implementation of the management control ensures that it has sufficient data sources and information that guarantees that the managerial decisions made within the different functional structures of the organization are coherent and that, in the short term, they meet the objectives.

Keywords: internal audit; management control; costs; management accounting; internal control; managerial performance; budget system; dashboard (search for similar items in EconPapers)
JEL-codes: M40 M41 (search for similar items in EconPapers)
Date: 2019
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Handle: RePEc:ath:journl:v:56:y:2019:i:4:p:108-117