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| FINA0004-1 | Management Control Systems
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| Duration : | 20h Th, 25h Pr |
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| Credits/ECTS : |
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| Holder(s) : | Anne Chanteux |
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| Language : | Langue anglaise |
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| Course contents : | 1- Definition of technical & financial standards : materials, labor, homogenous units, etc.
2- Elaboration of standard costs
3- Elaboration of budgets
4- Financial management control. Comparison between actual costs & standard costs, realizations & budgets, calculation & analysis of variances
5- Contribution of the Activity Based Costing to management accounting
6- Operational management control : management charts and performance index
7- The balanced scorecard : performance measurement tool and strategic management
8- Various concepts : flexible budget, transfer price, target costing
9- Evolution of the role of management accounting within the company |
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| Course objective : | At the end of the course, students should be able to :
- explain the elaboration & role of standards & budgets
- elaborate & analyze a management account with variance
- define management charts, performance index
-replace management ctrl in the global content of the company with a link to strategy & operational activities |
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| Prerequisites : | Accounting & Finance
Cost Accounting |
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| Organization : | - Theoretical concepts with reail life illustrations.
- Case studies in groups.
- Field trips (visits to companies). |
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| Written notes : | - CHANTEUX Anne et NIESSEN Wilfried, Les tableaux de bord et business plan, Editions des Chambres de Commerce et d'Industrie de Wallonie, 2005, 367 pages.
- GERVAIS M., "Contrôle de gestion" , Economica, Paris, 1997.
- HORNGREN C. et FOSTER G., "Cost Accounting - A Managerial Emphasis", Prentice Hall International, New Jersey, 1997, 9th edition.
- BESCOS P.L., DOBLER P., MENDOZA C. et NAULLEAU G., "Contrôle de gestion et management", 1993, Ed. Montchrestien, Paris, 471 pages.
- BESCOS P.L. et MENDOZA C., "Le management de la performance", 1997, Ed. Malesherbes, Paris, 288 pages.
- BOUQUIN Henri, "Comptabilité de gestion", 1997, Ed. Sirey, Paris.
- KAPLAN R. et ATKINSON A., "Advanced management accounting", Prentice-Hall International, New Jersey, 1994, 817 pages.
- KAPLAN R. et NORTON D., "The balanced scorecard : translating strategy into action", 1996, HARVARD Business school press.
- LORINO P., "Le contrôle de gestion stratégique, la gestion par les activités", 1991, Dunod, Paris, 213 pages.
Revues :
Harvard Business Review, Gestion, Journal of Cost Management, Management Accounting Review, Revue Française de Comptabilité, Revue Française de Gestion. |
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| Assessment : | 1st session assessment : Case study (by groups) + individual written examination
2nd session assessment : written examination on the theory and the case studies |
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| Contacts : | CHANTEUX Anne
Chargée de cours et maître-assistante
UER Finance, Comptabilité et Droit
HEC-Ecole de gestion de l'ULg
Rue Louvrex, 14
4000 Liège Bât. N1
Tél: +32 4 2327261
Email: Anne.Chanteux@ulg.ac.be |
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