The introduction of financial controls in the corporate enterprises was necessitated by the funds crunch faced by corporate majors. The public sector has accepted the need for introducing financial controls for overcoming resource deficit and superior utilization of available resources. Financial controls is an evolving term and includes techniques such as internal audit, business budgeting, transfer pricing, financial management information system, and responsibility accounting. The present book incorporates discussions at length on the first two techniques and studies their application in the context of the state level public enterprises through live case studies. It also throws light on the potential of internal audit and budgeting as change management tools for the corporate world and public sector. This book would be useful for the students of post-graduate courses in business administration, financial management, chartered accountancy, cost accountancy, and company secretaryship.
ABOUT THE AUTHOR Ch. Lakshmi Kumari
Mrs. Ch. Lakshmi Kumari is currently Research Associate at the Institute of Public Enterprise, Hyderabad. She is a resource faculty to various MBA programmes. She is presently working on the Data Bank on Central Public Enterprises and State Level Public Enterprise in India. She has been associated with various training Programs organised for national and international agencies including the central public enterprises and the state level public enterprises, at the Institute of Public Enterprise, Hyderabad. She is also involved in teaching Managerial Economics and Environmental Management at the Post-Graduate Level.
ABOUT THE AUTHOR R. Nandagopal
R. Nandagopal is Associate Professor at the Institute of Public Enterprise, Hyderabad. He obtained his Ph.D. in commerce from the University of Madras. Taught at the Loyola Institute of Business Administration, Dr. Nandagopal specializes in financial controls and has done pioneering work on SLPEs. He has also published prolifically.
ABOUT THE AUTHOR R.K. Mishra
R.K. Mishra is currently Professor and Dean (Research) at the Institute of Public Enterprise, Hyderabad. He is a graduate of International Management Programme, SDA Bocconi, Milan, Italy. He has research stints at London Business School and Maison Des Sciences De L' Hommes, Paris. He has taught at the University of Bradford (UK) and was a visiting Professor at Maison Des Sciences De L'Hommes, Paris. He was on action research at North-West Province of South Africa at the invitation of DFID, UK. He has undertaken many institutional researches and consultancy projects on various aspects of public enterprises, public systems and finance. He has been a Management Consultant to several national and international organizations including PWC and Adam Smith Commission, Prime Minister's Economic Advisory Council, Indian Council of Social Science Research, Commonwealth Secretariat, International Civil Service Consortium, State Bureaus of Public Enterprises, Financial Institutions and Banks. He is Vice-President (Asia), International Association of Schools and Institutes in Administration, Brussels. He is Honorary Member on the Board of Research, American Biographical Institute, USA. He is special invitee to the Board of Governors, Institute of Public Enterprise, Hyderabad. He has several international and national publications.
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