Management Control

About the course

Subjects

Economics Accounting Financial management

Course content

The objective of the course is to provide the students with an opportunity to learn to apply qualifications (knowledge and skills) in agency and behavioral theory to control problems in firms.
Accounting is seen as an important tool to influence decision making in firms. Accounting carries information of costs and benefits to decentralized decision makers, and thereby provides them with information which ideally helps them make decisions that are aligned with the firm’s interest.

Contents:
The course contains the following core elements:
Introduction to the elements of accounting as a control device
Difference between control and decision making and coordination and motivation.
Transfer pricing.
Responsibility accounting.
Cost allocation.
Budgeting.

Standard Costs and variances.

See full course description

What you will learn

Understand, describe, structure and combine the various concepts which are used in the course
Show how these concepts can be used to identify problems concerning the control of firms
Show an ability to look critically on the various proposed solutions to a control problem

Facts

Level

Master

Type

Mandatory course

ECTS

7.5

Code

CACAO2401U

Teaching periods

Autumn – 2nd quarter

Academic year

2024/2025

Status

Available places

Teaching language

English

Teaching Format

On campus

Exams

Oral exam on campus
Individual exam, winter

Assessment type

7 point grading scale