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2014/2015  KAN-CMIBO1037U  Management Control and Finance

English Title
Management Control and Finance

Course information
Language English
Course ECTS 10 ECTS
Type Mandatory
Level Full Degree Master
Duration One Semester
Course period Spring
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for MSc in Economics and Business Administration
Course coordinator
  • Cristiana Parisi - Department of Operations Management (OM)
Main academic disciplines
  • Economics, macro economics and managerial economics
Last updated on 11-08-2014
Learning objectives
This course enables students to identify, understand and address management control issues in innovative organisations particularly concerning calculation, planning, delegation, co-ordination, and financing. At the end of the course students should have an understanding of the role that management accounting and finance plays in innovative organisations. Students should be familiar with the managerial technologies covered by course curriculum. Moreover, in addition to displaying knowledge of principles and elements in the different technologies, the student should be able to understand the strategic and organizational implications of implementing and using the various managerial technologies.

This implies that, at the exam, students should demonstrate:
  • Knowledge of the various managerial technologies, their elements and principles
  • The ability to relate and compare the various managerial technologies
  • An understanding of the relevance of the various managerial technologies and their effect on strategy and organisation
  • The ability to reflect critically on the theories, their underlying assumptions and their applications
  • The capability to provide a reflected analysis of the pros and cons of the different theories, concepts, and systems discussed in the course
  • The ability to properly apply the theories and concepts learned in the course to case examples
  • The capacity of presenting their thoughts and analysis in a well-structured and clear manner
Examination
Management Control and Finance:
Exam ECTS 10
Examination form Oral Exam
Individual or group exam Individual
Duration 20 min. per student, including examiners' discussion of grade, and informing plus explaining the grade
Preparation time No preparation
Grading scale 7-step scale
Examiner(s) Internal examiner and external examiner
Exam period April
Make-up exam/re-exam
Same examination form as the ordinary exam
Course content and structure

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.
Expected 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.
Last updated on 11-08-2014