GEST3013-1 : Analytical accounting and management control

Study Programmes 2015-2016

GEST3013-1

Analytical accounting and management control

Duration :

40h Th, 15h Pr

Number of credits :

Bachelor in economics and business management		5
Master in management, professional focus in law and management		5

Lecturer :

Anne Chanteux

Language(s) of instruction :

French language

Organisation and examination :

Teaching in the first semester, review in January

Units courses prerequisite and corequisite :

Prerequisite or corequisite units are presented within each program

Course contents :

PART 1 : COST ACCOUNTING
CHAPTER 1: ENTERPRISE AND ENVIRONMENT
CHAPTER 2: COMPARISON FINANCIAL ACCOUNTING - COST ACCOUNTING
CHAPTER 3: ACTIVITY CENTERS AND COSTS
CHAPTER 4: IMPACT OF SUPPLY AND DEMAND ON FIXED AND VARIABLE COSTS (including break-even point)
CHAPTER 5: ELEMENTS OF DIRECT COSTS
CHAPTER 6 : COST CALCULATION BASED ON THE " COEFFICIENTS METHOD"
CHAPTER 7: COST CALCULATION BASED ON THE "HOMOGENEOUS SECTIONS" METHOD
CHAPTER 8: COST CALCULATION BASED ON THE "ABC" METHOD (ACTIVITY BASED COSTING)

PART 2 : MANAGEMENT CONTROL
CHAPTER 9 : FROM STRATEGY TO ACTION
CHAPTER 10 : BUDGETING PROCESS
CHAPTER 11 : STANDARDS SETTING AND BUDGETARY CONTROL

CHAPTER 12 : TRADITIONAL SCORECARDS
CHAPTER 13 : BALANCED SCORECARD

Learning outcomes of the course :

PART 1 : COST ACCOUNTING
At the end of this course, students should be able to :
§ explain aims of cost accounting
§ define and classify costs in actual, standard, direct, indirect, fixed and variable costs
§ calculate break-even-point and security margin
§ describe the various cost calculation methods
§ calculate costs with several methods and compare results
§ understand that cost calculation methods should have been chosen and applied according to specific criteria
§ comparer des données de coûts obtenues selon l'application de l'une ou l'autre méthode
§ analyse costs and margin and make decisions on that basis
PART 2 : MANAGEMENT CONTROL
At the end of the course, students should be able to : § explain budgeting process from strategic planning to management control
§ work out standard costs and budgets
§ calculate and analyse variances
§ work out and analyse various types of budgetary control spreadsheets
§ understand evolution of management control and namely the growing influence of global performance measurement with management scorecards and Balanced Scorecards (with financial and non financial indicators)

Prerequisite knowledge and skills :

Accounting & Finance (= financial accounting)

Planned learning activities and teaching methods :

Theoretical concepts, tools and methods are constantly illustrated by concrete examples.
Moreover exercises based on actual cases are proposed to students during specific classes.
Finally a complet case study must be solved (by group) with a convenient software (Hannah)

Mode of delivery (face-to-face ; distance-learning) :

Face-to-face

Recommended or required readings :

Course book :
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
--> available at the "centrale des cours"
Slides PPT & exercises :
--> available at the "centrale des cours" and on the virtual campus Lol@

Additional bibliography (--> library Louvrex street) : - BESCOS P.-L. et MENDOZA C., "Le management de la performance, le premier bilan des applications en France des méhodes ABC et target costing", 1997, Ed. Molesherbes, Paris, 288 pages. - BOUQUIN Henri, "Comptabilité de gestion", 9th edition, 2010, Ed. Sirey, Paris. - DEHERRIPON Philippe, "Gestion par activités", 1999, Ed. d'Organisation, Paris, 168 pages.
- FERNANDEZ Alain, "Les nouveaux tableaux de bord des managers", Editions d'Organisation, Paris, 2013.
- GOUJET C. et RAULET C., "Comptabilité analytique et Contrôle de gestion", (tome 1 + corrigés), 7e édition, Dunod, 2007, 344 pages. - HORNGREN C. et FOSTER G., "Cost Accounting - A Managerial emphasis", Prentice Hall International, New Jersey, 2011, 14th edition.
- IRIBARNE Patrick, "Les tableaux de bord de la performance", Dunod, Paris, 2èmeédition, 2009.
- KAPLAN R. and NORTON D., "The balanced scorecard : translating strategy into action", 1996, HARVARD Business school press.
- KAPLAN Robert et NORTON David, "Le tableau de bord prospectif", Editions d'Organisation, Paris (traduit de l'ouvrage américain « The balanced scorecard » (1996)), 1998, 311 pages.
- KAPLAN Robert et NORTON David, "The strategy-focused organization- How balanced scorecard companies thrive in the new business environment", Harvard Business School Press, Boston, 2001, 400 pages.
- KAPLAN Robert et NIVEN P.R., "Balanced Scorecard step-by-step : Maximizing performance and maintaining results", Harvard Business School Press, 2002, 329 pages. - LORINO P., "Le contrôle de gestion stratégique, la gestion par les activités", 1991, Paris, 213 pages.
- MENDOZA Carla, DELMOND Marie-Hélène, GIRAUD Françoise et LÖNING Hélène, "Tableaux de bord, Donnez du sens à vos indicateurs", Groupe Revue Fiduciaire, Paris, 2011.
- RAVIGNON Laurent, BESCOS P-L & al, "La méthode ABC-ABM", Eyrolles, Paris, 3rd edition, 2007, 386 pages. - Revues : Harvard Business Review, Revue Française de Comptabilité, Revue Française de Gestion.
- SELMER Caroline, "Concevoir le tableau de bord", 2ème édition, Dunod, Paris, 289 pages, 2003.

Assessment methods and criteria :

1st session :
3 elements :
Continuous evaluation test (during a class)
Individual written exam (in January)
Case study in groups (beginning of the second semester)
2nd session : Individual written exam

Work placement(s) :

Organizational remarks :

Contacts :

CHANTEUX Anne Lecturer 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
CAPODICI Joséphine Assistant lecturer (cost accounting) UER Finance, Comptabilité et Droit HEC-Ecole de gestion de l'ULg Rue Louvrex, 14 (room 302) 4000 Liège Bât. N1 Tél: +32 4 2327263 Email: giuseppina.capodici@ulg.ac.be
RIFFON Véronique Assistant lecturer (management control) UER Finance, Comptabilité et Droit HEC-Ecole de gestion de l'ULg Rue Louvrex, 14 (room 304) 4000 Liège Bât. N1 Tél: +32 4 2327340 Email: veronique.riffon@ulg.ac.be