2023-2024 / GEST1056-1

Analytical accounting and management control


40h Th, 20h Pr

Number of credits

 Bachelor in business engineering5 crédits 


Didier Van Caillie

Language(s) of instruction

French language

Organisation and examination

Teaching in the first semester, review in January


Schedule online

Units courses prerequisite and corequisite

Prerequisite or corequisite units are presented within each program

Learning unit contents

Based on 11 theoretical practically-oriented questions structured in 4 themes, "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 having defined its main terms and concepts, this course presents first the cost accumulation process for 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).

Learning outcomes of the learning unit

This course intends to meet the ILOs such as defined for this course in the program of "Bachelor in Business Engineering", i.e.
Strategy : The course will allow students to establish a strategy in order to optimize the value chain of a company, an organization or a project. - based on the analysis of its financial and economic context - taking into account its scientific and technological context - demonstrating  scientific precision and a critical mind Implementation : The course will allow students to take charge of the everyday management of a company, an organization or a project - analyzing his managerial practice with a critical and ethical mind Quality and Performance Control : The course will allow students to plan and implement the performance and quality control in a company, an organization or a project - using the appropriate analytical tools Adaptability : The course will allow students to adapt their managerial practice to the needs of a fast-evolving world - showing curiosity and a scientific precision of academic level - showing creativity, autonomy.
More specifically, it insists particularly on the following aspects :

  • Ability to master the fundamentals of cost and management accounting.
  • Ability to master the principles and the fundamentals of financial and organisational management control.
  • Ability to apply the concepts and techniques considered during the course to a personnal entrepreneurial project and to design an action plan in order to optimize its cost structure and to maximize its security margin

Prerequisite knowledge and skills

General accounting.

Planned learning activities and teaching methods

Theory :
- Theoretical lectures (cost and management accounting): 20 h
- Theoretical lecture (management control): 10 h
- Recorded tutorials (Accounting Decision Support): 20 h

Individual work (in groups of 4 students) :

- Modelling the operational and accounting purchasing process of an organisation: 20 hours/student

Mode of delivery (face to face, distance learning, hybrid learning)

Blended learning

Additional information:

Whenever possible, the theoretical course is given in face to face, and the 11 sessions are also available in podcast.

The static exercise sessions are done at home and the interactive exercise sessions are done in face to face.




Recommended or required readings

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
+ additional supports available on the Lola platform : http://lola.hec.uliege.be/course/view.php?id=129

Exam(s) in session

Any session

- In-person

written exam ( open-ended questions )

Additional information:



Written examination:

- Theory: 50% of final mark

- Exercises based on a business case: 35 % of final mark

The written examination will be held in person. It may be conducted at a distance if required for health reasons.

- Written report (12 pages) presenting the process and results of the practical group study in the organisation: 15 %.




Work placement(s)

Organisational remarks and main changes to the course

All the supports that are necessary are available on your Lola platform.


Professor Didier Van Caillie, d.vancaillie@uliege.be

Assistant : Mrs Louise Colling, louise.colling@uliege.be

Association of one or more MOOCs

Items online

Exercises - Lessons 1 & 2
Here are the supports for the first two sessions of practical works