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| GEST1036-1 | Management control and budgeting | |||||||||||
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| Duration : | 30h Th | |||||||||||
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| Holder(s) : | Gabriele Catania | |||||||||||
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| Course contents : | Definition - general outline of the management system. Budget design: the role of management. Budget by function: sales, purchases, production, transfer price, ... Budget simulation; breakeven point. Statement of accounts, results, cash forecasts. Budget Management The course will be given in English. | |||||||||||
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| Course objective : | This course will define the goals of management control and its evolution within companies. Students will be taught how to work out the company's budget (integrating all functions: purchases, production, sales, ...) with a predictive action plan. This budget works by the rules of cost accounting. The course will also demonstrate how to control management by comparing performances with the projections, and analysing the deviations. Management control also involves, in cooperation with other staff members: analyzing the profitability of investments - centralization/decentralization of activities - cost of non-quality. Analysis of the new approaches of management control. | |||||||||||
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| Prerequisites : | FIN 505 Accounting & Finance FIN 503 Cost Accounting FIN 502 Management Accounting | |||||||||||
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| Organization : | Groupwork: drafting of a company's budget; choice of hypotheses; use of integrated software (budgeting, word processor, spreadsheet) (2); articles from reviews and book excerpts | |||||||||||
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| Written notes : | - Ph. LORINO, "Le contrôle de gestion stratégique", La gestion par les activités, Dunod. - BOUQUIN H., "Le contrôle de gestion", PUF, 2ème éd., 1991. - GERVAIS M., "Contrôle de gestion par le système budgétaire", Vuibert entreprise, 3ème éd., 1994. - SAVALL H., ZARDET V., "Le nouveau contrôle de gestion", Ed. comptables Malherbes, 1993. - EVRAERT S., MEVELLEC P., "Les systèmes de coûts par activités", Revue Française de Gestion, 1990. - BRIMSON J., "Cost Management in Advanced Manufacturing Environment", Harvard Business School Press, 1990. - BRIMSON J., "Contabilità per attività", F. Angeli, 1991. - LAVACCA C., BRIMSON J., "L'eccellenza in azienda come raggiungerla con l'activity based management", Espansione, 1992. - GALGANO A., "Company wide Quality Control", Il Sole 24 Ore, 1993. - HAMMER M., CHAMPY J., "Reengineering the Corporation", Harvard per Collins Publishers, Inc., New York, 1993. - FOX R., GOLDRAT E. , "The Race", North River Press. | |||||||||||
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| Assessment : | 1st session assessment : assessment of individual summaries of articles. Assessment of a group assignment : case solving. Continuous assessment. If mark insufficient for groupwork. Oral examination possible 2nd session assessment : oral examination prolonged 2nd session assessment : idem | |||||||||||
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ULg : Students and Studies Administration - Academic Affairs
Contact : Monique Marcourt, direction A.E.E.
Date of data : 27/02/2006
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