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2025/2026  KAN-CMIAO1004U  Management Control and Finance

English Title
Management Control and Finance

Course information
Language English
Course ECTS 7.5 ECTS
Type Mandatory
Level Full Degree Master
Duration One Quarter
Start time of the course Spring, Third Quarter
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for Markets & Innovation
Course coordinator
  • Cristiana Parisi - Department of Accounting (AA)
Main academic disciplines
  • Innovation
  • Management
  • Accounting
Teaching methods
  • Face-to-face teaching
Last updated on 28/04/2025

Relevant links
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 7.5
Examination form Written sit-in exam on CBS' computers
Individual or group exam Individual exam
Assignment type Written assignment
Duration 4 hours
Grading scale 7-point grading scale
Examiner(s) One internal examiner
Exam period Spring
Aids Limited aids, see the list below:
The student is allowed to bring
  • An approved calculator. Only the models HP10bll+ or Texas BA ll Plus are allowed (both models are non-programmable, financial calculators).
  • Language dictionaries in paper format
The student will have access to
  • Advanced IT application package
Make-up exam/re-exam
Same examination form as the ordinary exam
The number of registered candidates for the make-up examination/re-take examination may warrant that it most appropriately be held as an oral examination. The programme office will inform the students if the make-up examination/re-take examination instead is held as an oral examination including a second examiner or external examiner.
Course content, structure and pedagogical approach

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.
Research-based teaching
CBS’ programmes and teaching are research-based. The following types of research-based knowledge and research-like activities are included in this course:
Research-based knowledge
  • Classic and basic theory
  • Teacher’s own research
Research-like activities
  • Discussion, critical reflection, modelling
  • Students conduct independent research-like activities under supervision
Description of the 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.
Feedback during the teaching period
Assignment 1: Written individual home assignment
Individual assignment in the form of a quiz to be solved individually. The assignment will consist of specific questions involving calculations and a critical discussion around central topics of the course curriculum. This assignment will help the students test their critical understanding of the course curriculum in line with the course learning objectives. Feedback on the questions will be given on Canvas and in-class discussion will follow.

Assignment 2: Written assignment in class
Students will be given one assignment to solve individually in class in the form of numeric and essay-type exercises. The solution will be discussed in class to provide students with feedback about their progress and understanding of the course.
Student workload
Teaching 36 hours
Preparation 70 hours
Exam 100 hours
Expected literature

Zimmerman, J. L. Accounting for Decision Making and Control,

New York: McGraw Hill, latest ed. (Paperback version)

 

Journal articles listed in the course Syllabus.
Last updated on 28/04/2025