|Module / ECTS / Path / Specialisation||Module :Corporate financial functions : 10 ECTS.|
|Discipline||Accounting and Internal Controls|
|Open for visitors||yes (4 ECTS)|
|Working language :||English|
|Volume of contact hours :||24 h|
|Workload to be expected by the student :||72 h|
Track : Autonomous
The course aims to provide future Chief Financial Officers and management accountants with an advanced understanding of the underlying concepts and methods of management accounting and control. It examines the objectives of management control, the design of management control systems and the embedding of the management control function in the organization. It further develops the knowledge of cost and management accounting methods (e.g., process costing, job costing). It identifies and measures information to help managers to take different types of decisions (e.g., cost-volume-profit analysis, transfer pricing). It examines the implementation of decisions through the planning process (e.g. planning and budgeting systems). It measures actual performance to control that plans are carried out appropriately (e.g., variance analysis). It explores the design of performance measurement and management systems (e.g., balanced scorecard) to clarify, communicate and manage an organization's objectives.
- Describe the objective of management accounting and control and the role of the management accountant
- Discuss the management's needs for information in relation to planning, decision-making, and control
- Apply the appropriate cost and management accounting methods in line with an organization's objectives
- Choose between different approaches for planning
- Compare the actual performance with the planned performance
- Design management control systems for planning, decision-making, and control in line with an organization's objectives
- Interpret the information derived from management control systems for planning, decision-making, and control
- Support the management's operational and strategic decision-making
1 Introduction to management accounting and control
2 Advanced cost accounting methods
2.1 Product costing methods
2.2 Period costing methods
3 Accounting information for decision-making
3.1 Cost-volume-profit analysis
3.2 Transfer pricing
4 Accounting information for planning and control
4.1 Planning and budgeting systems
4.2 Variance analysis
4.3 Performance measurement and management systems
This course builds on the concepts and methods of cost and management accounting (e.g., absorption and variable costing systems) introduced in the first year of the Programme Grande Ecole.
Bhimani, A., Horngren, C. T., Datar, S. M., and Rajan, M. (2015). Management and Cost Accounting (6th ed.). Harlow: Pearson.
Drury, C. (2017). Management and Cost Accounting (10th ed.). London: Cengage Learning.
Kaplan, R. S. and Norton, D. P. (1992). The Balanced Scorecard - Measures That Drive Performance. Harvard Business Review, Vol. 70, No. 1, pp. 71-79.
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