TEI of Piraeus Department of Business Administration

Module Title: Management Control Systems 1. Course Description

The course aims to discuss the various roles and interpretations of management accounting information in management, and particularly in decision making and control. Specifically the following issues are discussed: Cost analysis Strategic Planning and Budgeting Management Control Performance measurement and evaluation. Students should obtain the ability: to understand the nature of control to understand the controlling roles of accounting information to understand the relationship between planning and control. To familiarize with various management control procedures.

2. Course Aim

3 Basic concepts & Course outline

The following issues are discussed: The concept of control Strategy, strategic planning and Control Organizational Structure and Control Responsibility Centers Control and Decision-Making Cost volume profit analysis Pricing Investment Decisions and Management Control Transfer Pricing Budgeting Variance Analysis Balanced Scorecard Performance measurement and evaluation.

4 Students Evaluation
The successful completion of the course presupposes the presentation and preparation of a group essay, and passing a final examination. The group - essay on a specific subject

account 40% of the final mark, while the final exam takes another 60%. Students are required to receive a positive mark to both essay and exam. Group essays should amount 4.000 to 6.000 words and their presentation is scheduled after the final lecture.

5. Course structure
Lecture 1 Fundamentals of Costing. Introduction in management control systems Lecture 2 Strategy, decision-making and control. Organisational structure and responsibility centres. Lecture 3 Budgeting (general, flexible, cash and investment budgets). Lecture 4 Cost-Profit-Volume Analysis and decision-making. Lecture 5 Performance measurement and evaluation. Variance analysis. Balanced scorecard. Lecture 6 Transfer pricing Lecture 7 Essay presentation Lecture 8 Repetition course 6. Selective literature N. Sykianakis, Management Control System (Lecture handout) 1. . Dimitras & . Ballas Management Accounting for planning and control Gutenberg 2. D.Ashton, T.Hopper, R.Scapens Issues in management Accounting , Prentice Hall 3. G. Venieris & S. Cohen Management Accounting P.I. Publishing 4. R.Anthony & V.Gorihdarajan Management Control Systems 11th edition Mc Graw-Hill

5. C.Emmanuel , D.Otley & K.Merchant Accounting for Management Control Chapman and Hall