The main contribution of Management Control for the Master in Economics and Management (MCEE) will be to encourage students to acquire and operationalize key concepts and techniques of management control by providing them with credible tools that validate corporate management.
Students should be able to distinguish different types of costs, identify relevant information for decision making, budgeting and variance analysis and interpretation.
1. Introduction - Types of Costs and Breakeven Analysis
Costs Behavior
The Breakeven Analysis
2. Information for Decision Making
The Contribution Method
The Opportunity Cost Method
3. The Budget System
The Master Budget and the Budget Process
Flexible Budgets and Variance Analysis
The teaching method follows a verbal, intuitive and active logic. The first approach is theoretical and the contents are explained through examples. In a later stage, the concepts are elaborated in practical classes with the use of exercises.
Horngren, C.T., Datar, S., & Rajan, M. (2012). Cost Accounting, Englewood Cliffs, N.J.: Prentice-Hall, 14th Edition.
Horngren, C. T., Sundem, G. L., Stratton, W. O., Burgstahler, D., & Schatzberg, J. (2011). Introduction to Management Accounting, Englewood Cliffs, N.J.: Prentice-Hall, 15th Edition.
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