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Books: Integrated Management Control Models

By W. Eric Lee, Ph.D., CPA, CGMA, CFE
July 1, 2021

Management Control with Integrated Planning: Models and Implementation for Sustainable Coordination by Lukas Rieder and Raef Lawson provides an applied, step-by-step approach to integrated planning and control.

 

 

One unique feature of this book is that it uses a comprehensive spreadsheet model that’s integrated within and used throughout the various sections.

 

It will appeal equally to:

  • a practitioner in a for-profit or not-for-profit organization tasked with designing and operating an integrated planning framework,
  • a consultant looking to design and implement a management control system that meets the customer’s needs,
  • an IT specialist wanting to program integrated systems while interfacing with existing operational systems such as enterprise resource planning, or
  • a business instructor who’s in the process of designing educational training programs that incorporate integrated planning and control into the curriculum.

 

The book’s simple-yet-methodical approach and structure, coupled with the embedded spreadsheet simulation exercise that readers could use to implement integrated planning systems, make it a handy guide for anyone interested in pursuing a hands-on, continuous understanding of this area.

 

Rieder and Lawson, the vice president of research and policy and professor-in-residence at IMA® (Institute of Management Accountants), provide readers with questions and answers and bullet points to explain various key concepts of the integrated management control model. The book features easy-to-follow illustrations, spreadsheet snippets, diagrams, charts, and anecdotes.

 

This book assumes that the reader has a relatively high level of accounting knowledge and will best appeal to a seasoned finance executive or educator well versed in the language of management control systems, although students and early-career professionals can also use it as a primer. On balance, by presenting and analyzing an applied scenario with a simulation exercise, the book offers compelling insights for readers looking to supplement their existing knowledge base while considering tactics to implement sustainable coordination of integrated planning and control systems.

 

W. Eric Lee, Ph.D., CPA, CGMA, CFE, is an associate professor of accounting and the accounting alumni faculty fellow at the University of Northern Iowa’s College of Business Administration. He is a member of IMA’s Waterloo-Cedar Falls Chapter. You can reach him at eric.lee@uni.edu.
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