Advanced Cost Management
[LSMS2101]
[30h] 5 credits
Teacher(s): Gerrit Sarens
Language: English
Level: Second
Aims
- Being able to reflect critically on advanced management accounting and cost management practices;
- Being able to implement a broad rande of advanced cost management instruments.
Main themes
- Cost management concepts and cost behavior
- Traditionla cost management systems
- Activity-based costing
- Total-life cycle costing
- Target costing, kaizen costing, environmental costing
- Performance measurement
- Balanced scorecard
- Budgeting
Content and teaching methods
Management control at the crossroads of strategic planning and operational control
Role and functions of the controller
Decentralization and responsibility centers
ABC/ABM model
Strategic cost management
Target costing
Budgets, budgetary control and variance analysis
Transfer pricing
Performance Measures
Reporting and Balanced Scorecards
ERP and Management Control
Methods
Combination of classes, individual readings, teamwork on real-life case studies and class presentations
In-class activities
x0 Lectures
x0 Exercices/PT
x0 Problem based learning
At home activities
x0 Readings to prepare the lecture
x0 Exercices to prepare the lecture
x0 Paper work
x0 Students presentation
Other information (prerequisite, evaluation (assessment methods), course materials recommended readings, ...)
Evaluation : Class participation and oral examination, in French or English
Written individual exam, group and or individualk papers, participation in the classroom
Support : : Livre : Contrôle de gestion, Pearson Education, Paris, 2005
Slides provided through icampus
References : Provided during the class
Corporate features
x0 conference
x0 corporate guest
Skills
x0 presentation skills
x0 writing skills
x0 team work
x0 individual autonomy
x0 problem solving
x0 decision making
x0 time management
x0 critical thinking
Techniques and tools for teaching and learning
x0 IT tools
x0 modelling
x0 quantitative methods
x0 qualitative methods