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2010/2011  KAN-MIB_MI50  Management Control and Finance

English Title
Management Control and Finance

Course Information

Language English
Point 10 ECTS (300 SAT)
Type Mandatory
Level Full Degree Master
Duration One Quarter
Course Period First Quarter
Time Table Please see course schedule at e-Campus
Study Board
Study Board for MSc in Economics and Business Administration
Course Coordinator
Sof Thrane
Main Category of the Course
  • Economics, macro economics and managerial economics
Last updated on 29 maj 2012
Learning Objectives
This course enables students to identify, understand and address management control issues in innovative companies particularly concerning calculation, planning, delegation, co-ordination, and financing. The course focuses on flexibility, complexity, innovation, and intangible assets, all of which are highly relevant to innovative companies.
Marking Scale 7-step scale
Exam Period May/June
Assessment is external and takes the form of an individual oral examination (20 minutes per student including votation). The assessment is carried out by a teacher and an external examiner, cf. the General Study Degree regulation § 25 (1) no. 2. The regular exam takes place in March 2011. The make-up/re-exam takes place in April/May 2011
Prerequisites for Attending the Exam
Course Content

The course focuses on various management technologies and mechanisms – such as target cost management, Activity Based Costing and financial forecasting that allow phenomena such as innovation, flexibility, and knowledge to be described so as to make them manageable. Management control and finance make visible the portfolio of innovation and knowledge assets, their development, and the monitoring of their effects.

Topics include calculation of economic performance, control of innovation, pricing, strategic alignment through performance measurement and strategy mapping. They also include concerns about financing of entrepreneurial firms and the mobilisation of venture capital.

The course builds on knowledge from the first semester courses in the MIB program.

Teaching Methods
The course combines dialogue lectures, case work and considerable amounts of student activity in the form of group work and discussions of problems discussed in the literature.

Kaplan, R. S. and David P. Norton (1996): the balanced scorecard - translating strategy into action. Boston, Mass.: Harvard Business School Press.
Kaplan, R. S & Cooper, R (1998): Cost and effect, Chapters: Boston, Mass. Harvard University Press
Davila, A & Wouters, M (2004) Designing cost-competitive technology products through cost management, Accounting Horizons, March pp 13-26
Dekker, H., and Van Goor, A. R. (2000): Supply Chain Management and Management Accounting: A Case Study of Activity-Based Costing International Journal of Logistics: Research and Applications, Vol. 3, No. 1,
Smith, J.K. & Smith, R.L. (2004): Entrepreneurial Finance, Wiley.