• Module Coordinator: Dr Diederik Claerhout
• Lecturers: Martine Cools, Diederik Claerhout
• Language: English
• ECTS credits: 6

Course objectives

This course consists of three parts. The first two parts are organized in collaboration with the Master in Accounting. The first part - Strategic Management Accounting – focuses on business process design, technology management and quality management. In the second part - Management Control - attention is paid to the strategic and operational importance of performance measurement. The third part - Total Productive Management - elaborates previous insights in some advanced techniques to better align business processes with business strategies.

Part 1: Strategic Management Accounting

1. Cost allocations, Activitiy Based Costing, Activity Based Management

2. Advanced manufacturing technology, target costing, product life-cycling costing

3. Quality costing, TQM en management accounting

4. Value chain analysis en accounting

5. Customer profitability analysis, competitor analysis

Part 2: Management Control

1.Performance indicators
2. Performance evaluation
3. Performance measurement
4. Result management
5. Strategy-driven performance management

Part 3: Total Productive Management

1. Date Envelopment Analysis

2. Flow Benchmarking

3. Stock Benchmarking

4. Statistical Process Control

5. Total Productive Management

Theoretical concepts are illustrated with practical applications. The aim is to validate best practice concepts and learn how they are implemented.

Entry requirements

Knowledge of 'Introduction to management accounting' & ‘Introduction to statistics’ is required.

Teaching method

To facilitate learning, classes are intended to be interactive. Unfamiliar theoretical concepts are introduced and illustrated by concrete examples to which students can relate easier.

Assessment

Besides a written closed book exam at the end of the semester, students will present case studies as part of a group project during the semester.

Course material

Besides the handbook “Merchant, K.A. and W.A. Van der Stede (2007), Performance measurement, evaluation and incentives, 2nd Edition, Prentice Hall”, papers, case studies and slideshows will be available electronically.