Managerial Accounting and Financial Control

Dates: 8 - 26 July, 2013

Enterprises must today tackle markets that are affected by the "flattening" effects of globalization and the extensive advances in internet-based technologies. They must seek success in the face of intense competition including the ever more sophisticated corporate strategies of their competitors. At the same time, the interface between business administration and financial management is regarded as becoming more complex and a more significant determinant of high corporate performance. This course analyses perspectives and techniques in accounting and financial control and explores how they are used by modern enterprises to effectively manage in complex business environments. Its focus is on managerial decision making and the use of accounting and financial management techniques under varying competitive, strategic and market situations.
The course uses both conceptual and applied learning material. It makes extensive use of cases to understand practical tools deployed by enterprises in strategic and operational management. The course covers material on established managerial accounting and financial control strategies, as well as more cutting edge operational, marketing and competitive decision making practices.
Some specific topics covered include incremental costing, break-even analysis, activity based management, balanced scorecards, target cost management, quality costing and e-business costing concerns. The course considers international financial management issues and comparative cross-country differences in managerial control systems. It also addresses a variety of other performance-based strategic management and accounting issues.

Text
A. Bhimani, Strategic Finance, Strategy Press (2008).
Lectures: 36 hours    Classes: 12 hours
Assessment: Two written examinations

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