giving out drinks for free or letting people enter the theatre without tickets. It is proved by research that “between 10 and 20 % of a company’s employees will steal anything that isn’t nailed down”. p.11. 3. What control improvements would you suggest for Leo’s Four-Plex? In order to perform a “Good Management Control” Leo should complete following points: 1. Solve problem of “Lack of responsibility”. There is no manager in movie theatre who is responsible for everything, who will keep
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2. Refer to Section 4 (page 132 to 134) in Chenhall (2003), and in your own words, explain what the outcomes of MCS are. 3. Explain how management control is different to strategic control. 4. Lets’ finish up with Leo’s Four-Plex Theatre: a) Where is the theatre’s control system lacking? That is, what are the
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Leo’s Four-Plex Theater Summary & Issues Leo Antonelli runs a theater out of a small town in west Texas called “Leo’s Four-Plex Theater’ which he has found to be less profitable than first expected. He hired his nephew, Bill Reilly, to manage the theatre in his absence which has proven unsuccessful. Cash is missing, theater employees are incompetent and ticket counts don’t match the supposed sales numbers. Park Cockerill, professional accountant, was brought in to assess the complications
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problems and MCS Source case / paper: Wong’s Pharmacy (textbook p. 20) AND Leo’s Four-Plex Theater (textbook p. 19) In-class activity questions / objectives: Wong’s Pharmacy: 1. What is the main problem facing Wong’s pharmacy? 2. What options are available to Thomas Wong? Leo’s Four-Plex Theater: 3. What are the key controls problems at Leo’s Four-Plex Theater? 4. State the control measures implemented in the theatre and the purpose and limitations of each 5. Are the problems caused
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of people to be hired iv. And how the company is controlled. Are the controls themselves weak or incomplete, or are the theater’s problem caused primarily because of lack of disciplines in using the existing controls? The controls in the theatre is weak or incomplete i. Taking their jobs for granted: failed to collect cash from known customers; lead to conflict of interest; fail to identify the ticket carefully; either wrong dates or colors. ii. Misuse the power and authority given:
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employee and employees, resulting in confusion. Confusion, in this context, involves having people do the wrong things; consequentially leading to decreased productivity. Leo’s Four-Plex Theatre, the first case discussed in class, illustrates the severe effects that a lack of direction may cause. As the personnel of the theatre were unaware of procedures, uninformed about regulations and seemingly, not well instructed on how to perform simple tasks, mistakes occurred. Two lines from the case text
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------------------------------------------------- Course OutlineDepartment of Accounting and FinanceSchool of Business and Economics | ACCT 4250-01 Advanced Management Accounting (3,0,0) MWF 1:30-2:20 PM A&E 208 Instructor: Dr. Laura Jean Kreissl Office: IB 2060 Office Hours: please check office door Email: lkreissl@tru.ca Email is strongly recommended over voicemail as it is checked more frequently Phone/Voice Mail: 250-852-7675 Last Updated: November30, 2015 Calendar
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