Compagnie Du Froid Case (Accounting, Finance, SPSS Case Study)
Learning Objective
Busy managers often do not have the time or resources to monitor every decision of their decentralized employees. Rather, they rely on diagnostic systems whereby they monitor the outcomes of employee decisions relative to expectations. We begin our exploration of specific performance measures that managers could incorporate into their diagnostic system. The next two sessions will discuss the use of financial-based performance metrics. We will better understand how companies organize decision-making responsibilities into various types of divisions and common performance measures to evaluate these divisions.
Read textbook Chapter 17 (Page 537-548)
Read Compagnie Du Froid Case
Complete Assignment below:
Assess the strengths and weaknesses of Compagnie du Froid’s accounting control system and profit sharing system
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Compagnie du Froid Case
Compagnie du Froid’s accounting control system is centralized or controlled by the central office. The strength of the company’s account is that it helps reduce costs because key decision makers are housed in one head office. For example, Compagnie du Froid, S.A. does not have to keep passing financial information between the three countries (Brinkley et al 540). The other advantage of the accounting control system is the clear chain of command. The company’s management recognizes who is in control of the financial matters. A clear plan on how to delegate various financial aspects of the business can easily be identified within the company. The weakness of the centralized accounting control system is the possibility of power misuse (Brinkley et al 545). With the system controlled and power exercised at the central office, the other branches may have a limited say on how financial dec...
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