GEST3013-1 : Analytical accounting and management control

Study Programmes 2016-2017

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

Learning unit 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 learning unit :

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)

These specific objectives mainly lead to the development of the following ILO :

To strengthen knowledge and understanding of main management disciplines and its legal, policy and social context
To understand, in management situations, the transversal tools of quantitative reasoning and information systems
To build and propose viable solutions to management problems
To work in team
To develop a critical sense
To develop a transversal and global vision
Faced with a management problem, to suggest solutions that are ethical and socially responsible and that respect the principles of good governance.
Be able of a good written communication

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