Management Control Systems

Code:

EIG0039

Acronym:

CG

Keywords
Classification	Keyword
OFICIAL	Economics and Management

Instance: 2020/2021 - 1S

Active?	Yes
Responsible unit:	Department of Industrial Engineering and Management
Course/CS Responsible:	Master in Engineering and Industrial Management

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
MIEGI	78	Syllabus since 2006/2007	5	-	6	49	162

Teaching language

English

Objectives

The objective is to explore tools capable of supporting effective organizational performance management, ensuring the promotion of strategic and operational objectives and avoiding the adoption of dysfunctional attitudes and behaviours.

Learning outcomes and competences

Students are expected to become aware of the role and importance of management control systems, and to develop skills related with the construction, possible updating and assessment of these systems, and discussing the principles that should underlie them.

Working method

Presencial

Pre-requirements (prior knowledge) and co-requirements (common knowledge)

Basic management concepts.

Basic financial accounting and cost&management acounting concepts.

Program

1. Management control: objectives and methodology

2. Advanced cost accounting and profitability analyses

2.1.Cost accounting basic concepts
2.2.Indirect and fixed costs
2.3.The quality of cost accounting systems
2.4.Activity based costing and Management (ABC, TDABC and ABM)

3. Budgeting
3.1.The purposes of budgets
3.2.Budgeting process
3.3.Bugeting control

4. Decision-making
4.1.Relevant costs for decision-making
4.2.Current exemples of decision-making
4.3.Economic risk

5. Strategic planning and monitoring
5.1.The Balanced Scorecard methodology
5.2.Strategic maps
5.3.Selection of indicators and assessment of their quality

Mandatory literature

Colin Drury; Management and Cost Accounting, Cengage Learning , 2017. ISBN: 978-1473748873
Srikant Datar, Madhav Rajan; Horngren's Cost Accounting: A Managerial Emphasis , Pearson, 2017. ISBN: 978-0134475585
Robert Anthony & Vijay Govindarajan; Management control systems, 2003

Complementary Bibliography

Michael Robinson; Margin Analysis: No Longer Relevant/Strategic Cost Management: The New Paradigm, Journal of Management Accounting Research, 1990
Robert Kaplan & David Norton; The Balanced Scorecard - Translating strategy into action, 1996
Robert Kaplan & Robin Cooper; Cost & Effect, 1998
Robin Cooper & Robert Kaplan; Measure Costs Right, Make the Right Decisions, , Harvard Business Review, 1988
Robert Kaplan & David Norton; The Execution Premium - Linking strategies to operations for competitive advantage, 2008

Teaching methods and learning activities

This course is based on the following complementary activities that involve lecturing, learning, and associated assessment of acquired knowledge and competences:

A1. THEORETICAL NOTIONS: The theoretical concepts taught during theoretical classes should be learnt by study activities and conceptualisation.

A2. EXERCICES: application of the theoretical concepts to solve specific problems.

A3.  GROUP ASSESSMENT: case studies analises.

 

keywords

Social sciences > Economics > Management studies > Management of enterprises

Evaluation Type

Distributed evaluation with final exam

Assessment Components

Designation	Weight (%)
Exame	50,00
Trabalho escrito	50,00
Total:	100,00

Amount of time allocated to each course unit

Designation	Time (hours)
Estudo autónomo	83,00
Frequência das aulas	56,00
Trabalho escrito	50,00
Total:	189,00

Eligibility for exams

No minimal requirements.

Calculation formula of final grade

The final mark will be based on the mark of the final examination (50%) and two case studies analises (case 1 weighted at 20%; case 2 weighted 30%). In both components a minimum mark of 8.00 out of 20 is required for approval.

Examinations or Special Assignments

Not applicable.

Internship work/project

Not applicable.

Special assessment (TE, DA, ...)

Not applicable (bar general FEUP/UP rules).

Classification improvement

Through final exam. The case assignments grades is not considered.

Observations

Groups for the assessment will be composed of a 4 elements.

Contact with students will be conducted via the SIFEUP/SIGARRA e-mail.