|Course set (UE) / Credits (ECTS) / Track / Specialization||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 : Attendance
|LEARNING GOAL 1 : Students will master state-of-the-art knowledge and tools in management fields in general, as well as in areas specific to the specialized field of management.|
|Students will identify a business organization’s operational and managerial challenges in a complex and evolving environment.|
|Students will understand state-of-the-art management concepts and tools and use them appropriately.|
|Students will implement appropriate methodologies to develop appropriate solutions for business issues.|
|LEARNING GOAL 2 : Students will develop advanced-level managerial skills.|
|Students will participate in a decision-making process in a critical way.|
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 compares product costing methods (e.g., job costing) and period costing methods (e.g., cost-of-goods-sold method) using absorption costing and variable costing. It identifies and measures information to help managers to take different types of decisions (e.g., cost-volume-profit analysis). It examines the implementation of decisions through the planning process (e.g. planning and budgeting systems). 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 Performance measurement and management systems
This course builds on the concepts and methods of cost and management accounting introduced in the first year of the Programme Grande Ecole.
Bhimani, A., Horngren, C. T., Datar, S. M., and Rajan, M. V. (2019). Management and Cost Accounting (7th ed.). Harlow: Pearson.
Drury, C. (2017). Management and Cost Accounting (10th ed.). London: Cengage.
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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