Course description

Title of the Teaching Unit

Management Accounting Control

Code of the Teaching Unit


Academic year

2023 - 2024


Number of credits


Number of hours







Teaching language


Teacher in charge

Lopez Bernabe Maria Lidon

Objectives and contribution to the program

The main learning goals will be:
- to master the vocabulary specific to Analytical Accounting expenses and Management Control (direct, indirect, variable, fixed, incorporable, non-incorporable, supplementary expenses, budgeted costs, standard costs, performance variances, activity variances, and budget variances, dashboards, …),
- to explain the objectives of Analytical Accounting and Management Control, as well as the methods that make it possible to achieve each of the objectives (cost calculation, budgetary techniques, management of dashboards, etc.),
- to understand that responsibilities are set annually by management and are, therefore, subject to change,
- to clearly identify the differences and complementarities between General Accounting and Analytical and Management Accounting,
- to understand the differences between strategic control, management control and execution control
- to apply all the concepts covered to different business situations.

Prerequisites and corequisites

Notions in Financial Accounting, a good command of English.


Module 1 - Introduction
1.1 General introduction and rules of the game
1.2 Course overview: learning objectives
1.3 Introduction to Management and Cost accounting

Module 2 - cost (analytical) accounting
2.1 Introduction to cost terms and concepts
2.2 Cost Assignment and activity-based costing
2.3 Job Costing system
2.4 Income effects of alternative cost accumulation systems
2.5 Cost-volume-profit analysis

Module 3 - Strategic (long term) planning
3.1 The strategic planning, budgeting, and control process
3.2 What is strategic planning
3.3 Preparing a strategic planning
3.4 Setting strategic direction
3.5 Implementing and monitoring a strategic plan

Module 4 - Planning, Budgeting and Forecasting
4.1 The budgeting process
4.2 The multiple functions of budgets
4.3 Administration of the budgeting process
4.4 Stages in the budgeting process
4.5 Activity-based budgeting
4.6 Zero-based budgeting
4.7 Forecasting process
4.8 How systems support PBF process

Module 5 - Management controls, performance measurement and analytics
5.1 Management control systems
5.2 Standard Costing and variance analysis

Module 6 - Dashboarding and balance scorecards
6.1 Dashboarding
6.2 Strategic Performance Management (balanced scorecard)

Module 7 - Supporting the Strategic decision-making process
7.1 Typical structure of a Finance organization
7.2 The role of a finance department within an organization
7.3 Profile of a finance challenger

Teaching methods

36 hours of class which include:
- Master class lectures focusing on theoretical and practical learning blocks
- Case studies

The supporting material:
- Slides presentations
- Reference book: Management and Cost accounting, C. Drury, Ed. Engage, 2012
- Videos
- Scientific and business articles
- other

Assessment method

- 50% written final exam
- 25% case study resolution (work in groups)
- 25% lecture’s interactions and continuous evaluation

Further details will be provided at the beginning of the course.


Reference book: Management and Cost accounting, C. Drury, Ed. Engage 10

Other :
• Management and Cost accounting, A. Bhimani, T. Horngren, Ed. Pearson, 2015
• Budgeting and Forecasting, How to deliver accurate numbers, N. Wyatt, Pearson, 2014
• Strategic planning, Using Diamond Eyes to see the future, Scott Romep, the Strategy expert, 2014
• Strategic Planning, As simple as ABC, David McClean, 2015
• Strategic planning : A practical guide to strategy formulation and execution, B Keith Simerson
• Strategic Planning : A ten-step guide, Mosaic, 2011