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| GEST1056-1 | Analytical accounting and management control
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| Duration : | 40h Th, 15h Pr |
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| Number of credits : |
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| Lecturer : | Didier Van Caillie |
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Language(s) of instruction :
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| French language |
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Organisation and examination :
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| Teaching in the first semester, review in January |
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Course contents :
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| "Cost accounting and management control" discusses the fundamentals of cost and management accounting and the fundamentals of management control, those that are necessary to understand how an organization measures, monitors and controls its costs and how it translates this information into an efficient management control system.
In a first part, this course presents the main techniques that are used for management accounting purposes and shows why they are useful in a decision-making perspective.
In a second part, it describes the characteristics of the main management control systems that are in use in most organizations and proposes an overview of the main techniques and tools that are specific for results controls, action control and individual or cultural controls.
More specifically, having highlighted the specificities of management accounting and havind defined its main terms and concepts, this course presents first the cost accumulation process for inventory valuation and profit measurement. Then, it proposes an in-depth analysis of the different techniques used to manage accounting information in a decision-making perspective (cost-volume-profit analysis, activity-based and process-based costing, profitability analysis and pricing decisions and decision-making under conditions of risk and uncertainty).
In its second part, this course discusses the main characteristics of an efficient management control system and presents the different techniques that are used in organizations to ensure that they are efficiently managed daily. A special focus is put on techniques allowing for results controls (financial and accounting approach and organizationnal approach), for action controls (organizationnal approach and production management focus) and for individual control (incentives mechanisms). |
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Learning outcomes of the course :
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| This course intends to meet the ILOs such as defined for this course in the program of "Bachelor in Business Engineering", insisting particularly on the following aspects :
- Ability to master the fundamentals of cost and management accounting.
- Ability to master the principles and the fundamentals of organisational management control.
- Ability to realize a basic audit of an internal accounting system and of a management control system in an organisation.
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Prerequisites and co-requisites/ Recommended optional programme components :
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| General accounting. |
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Planned learning activities and teaching methods :
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| Theory :
- "Ex-caethedra" teaching (cost and management accounting) : 18 h
- Original presentations in groups, under supervision (management control) : 12 h
- Realization of a basic audit on the accounting and cost system implemented by an organization (individual work) : 12 h
Exercises :
- Exercises presented and prepared under supervision (accounting-based decision making) : 13 h
- Audit focused on the accounting and cost system implemented by an organization (data collection process possible by groups of 2 students). |
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Mode of delivery (face-to-face ; distance-learning) :
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| Lessons are organized every Wednesday, from 13.30 to 17.30 in Room 138, Building N1
Part Cost accounting
Start of the lessons on 17/09/2014
Organisation :
Either theoretical lessons or exercises depending on the way we progress in the course planning
Part Management Control
Lessons start on 26/11/2014
Organisation :
1° Methodology for audit
2° Presentation and discussion of a chapter and a case study (see pedagogical supports) by groups
- Presentation of a chapter from the theory book : 20 min
- Presentation of a case study for each chapter : 20 min
- Discussion & comments : 10 min |
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Recommended or required readings :
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| Van Caillie D. (2005) : Principes de comptabilité analytique et de comptabilité de gestion, Liège : Editions de l'Université de Liège - 2ème édition, 242 p. (it will be published in an electronic format on the Campus website section for this course)
Merchant K, Van der Stede W. (2011) : Management control systems - Performance measurement, evaluation and incentives, Prentice Hall, 2nd Edition, Chapters 1 to 10 |
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Assessment methods and criteria :
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| During JANUARY:
- A written exam about PARTIM 1 - Cost and management accounting : Theory (25 %) + exercises (25 %).
- An individual oral exam about PARTIM 2 - Management control (theoretical chapters + case studies presented by the different groups) AND about the audit realized in a company (see details under) (25 %)
During the semester :
Audit of an organization's management control system (25 %) : Practical work realized in an organization chosen by the student and dealing with a basic model of the operations conducted by the organization, an analysis of the cost structure of a specific cost object and a proposal for a short performance monitoring dashboard (report of 15 pages max.).
!!! The written work has to be submitted before January, 3 2015 !!!
--> The collection of data may be realized by groups of 2 students.
--> The report is individual and constitutes the basis on which the student will be evaluated during the oral exam in June. |
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Work placement(s) :
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| Period of observation into an organization to allow the writing of the individual work. Estimated time : 12 hours. |
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Organizational remarks :
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| All the supports that are necessary are available in the space reserved for the course in your Moodle |
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Contacts :
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| Professor :
VAN CAILLIE Didier
Rue Louvrex, 14 - Bureau 102
4000 Liège
Tél. : 04/232 74 34
E-mail : D.VanCaillie@ulg.ac.be |
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