Description du cours

Intitulé de l'Unité d'Enseignement

Management Accounting Control

Code de l'Unité d'Enseignement

21GE040

Année académique

2022 - 2023

Cycle

MASTER

Nombre de crédits

Nombre heures

Quadrimestre

Pondération

Site

Anjou

Langue d'enseignement

Anglais

Enseignant responsable

STEVENS Benoît

Objectifs et contribution de l'Unité d'Enseignement au programme

The main objective of the course is to explain the principles involved in designing and evaluating management and cost accounting information systems. Management accounting systems accumulate, classify, summarize and report information that will assist the management of an organization in their decision-making, planning, control and performance measurement activities. At the same time the objectif of the program is learn how to work as a team and further understand the nature of the finance activities within companies through discovery learnings (readings, research, cases)

Main Learning Goals:
- Acquire a specific knowledge (CG1)
- Become operational on the topic (CG2)
- Be able to master typical English vocabulary used in Finance (CG6)
- Be able to understand the international context of Finance by looking at how it work in the world (through readings...) (CG4)

Prérequis et corequis

Solid notions in General Accounting, Financial Statement anlysis and IFRS, a good command of English.

Description du contenu

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

Module 2 - Cost 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 score-cards
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

Méthodes pédagogiques

36 contact hours composed of
• Master classes lectures focusing on theory or review problem. Theory or review problem are prepared at home by students. Theory and review problem is then discussed during master classes.
• Guest speakers’ intervention
• Student’s presentations of review problems, business cases or readings summary (prepared in work group or alone)

Support
1. Slides ICHEC Campus
2. External speakers’ presentations
3. Reference book : Management and Cost accounting, C. Drury, Ed. Engage, 2012
4. Videos
5. Scientific and business articles
6. Business cases

Mode d'évaluation

• Written exam (multiple choices and eventually open questions - Closed book. Exam can be organised using a digital tool

Références bibliographiques

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