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Language of instruction
Duration
Identical coursesAccounting and Control (B-KUL-HMG04A)
Cannot be taken as part of an examination contract
Vergauwe Skrälan (coordinator) | Vergauwe Skrälan Aims
The student:
- understands the different parts of financial statements and their mutual relations and differences;
- correctly processes basic company transactions in financial statements;
- assesses the financial performance of an organisation based on the critical use of several techniques of financial analysis, and produces recommendations to adjust the financial policy;
- applies different costing techniques;
- applies management accounting techniques as a tool to facilitate decisions (e.g. about pricing, product mix, ...);
- understands the conventional control mechanisms in companies, aimed at aligning the interests of organizational members with the strategy of the organization;
- understands the relation between management control and subsequent human behavior.
Previous knowledge
The admission criteria for the programme can be found in the programme catalogue. No prior knowledge is required for this course.
Is included in these courses of study
Activities
6 ects. Accounting and Control (B-KUL-HMG04a)
Content
Financial accounting
- The conceptual framework of accounting
- Analysis of items reported in published financial statements
- Reporting the transactions of a business in the financial statements
- Financial statement analysis: liquidity + cash flow analysis, solvency, profitability
Cost/Management accounting
- Classification of costs
- Decision-making: relevant cost analysis, make or buy decisions, …
- costing methods
Management control
- Control and behavioral consequences
- The budgeting process and variance analysis
Course material
Materials provided on Toledo + Harvard Case studies (to be purchased)
Language of instruction: more information
The course is taught in English due to the international student audience
Format: more information
Blended learning - Case-based lecture - Group assignment
Evaluation
Evaluation: Accounting and Control (B-KUL-H75773)
Explanation
The written, closed book exam aims at testing the topics discussed in the lessons.
The project is a group assignment and tests the topics discussed in the lessons.
The individual written task is a closed book test to evaluate students’ progress.
Individual task: 10%
Project group: 30%
Final exam: 60%
Information about retaking exams
100% written closed book exam