Strategic Management Control

Description

Strategic Management Control aims to familiarize the students with strategic management accounting and control. The course focuses on taking correct and substantiated management decisions based on relevant accounting information, and on steering the company, its managers and its employees, in their concrete business context. This course evaluates the following learning outcomes: The student 1.1 (ARC & GPM) analyses operational accounting problems, taking into account the particular organizational context. 1.2 (ARC & GPM) formulates a well-motivated solution for operational accounting issues based on scientific knowledge and insights into accounting, hereby taking into account the specific organizational context. 1.4 (ARC & GPM) reflects critically on the internal context of an organization and on how management accounting may influence this context as to optimize the functioning of an organization. 2.1 (ARC & GPM) analyses strategic problems and questions from an accounting perspective, taking into account the specific organizational context, the stakeholders (managers, employees, business partners, consultants, policy, …) and the wider environment in which the organization operates. 2.2 (ARC & GPM) formulates, based on scientific insights about accounting, a well-motivated solution for strategic issues of an accounting character, taking into account the particular organizational context, the stakeholders, and the wider environment in which the organization operates. 2.4 (ARC & GPM) takes, based on scientific knowledge and insights into accounting and taxation, a well-motivated standpoint about actual societal problems and legislative initiatives related to the domain. 2.6 (ARC & GPM) takes into account the international context of accounting and taxation. 3.1 (ARC & GPM)  plans, organizes and evaluates processes related to internal and external reporting in organizations, taking into account the specific organizational context, particularly the way in which tax regulation influences such processes. 4.1 (ARC & GPM) reflects critically on the way societal, international and organizational trends influence accounting, thereby recognizing the impact on and consequences for the stakeholders. 4.2 (ARC & GPM) follows acutal developments related to accounting. 4.3 (ARC & GPM) outlines and interprets current trends in (international) accounting and taxation, and can formulate a well-motivated standpoint on relevant societal themes, thereby taking into account the impact on and the consequences for the stakeholders. 7.1 takes on a diplomatic and honest position and can reach an agreement that takes into account the interest of all parties involved through negotiation and mediation. 7.2 discusses the social, ethic and sustainability aspects of management, analyses a policy on the basis of these aspects and formulates suggestions for improvement. The student recognizes the importance of professional ethics in management accounting and management control, and the impact on various stakeholders and society The student reflects on the importance of competence, confidentiality, integrity and objectivity in management accounting. The student can recognize ethical dilemmas in management accounting and management control, like cost accounting and performance reporting The student can assess implications, and motivate ethically responsible choices. Complexity in ERS: the student Being (attitude) Can handle uncertainty when making decisions. Is willing to consider multiple perspectives simultaneously Future Orientation for ERS Knowing (knowledge) Can explain and critically analyze the different ways of thinking about the future. Acting for ERS Doing (skills) Can handle resistance by adequately using various forms of communication and creating a safe environment. Being (attitude) Can handle change in an economic and business context. 8.1 formulates, as a member of a team, the interdisciplinary problem that is at the basis of the project, analyses the content of the project, the circumstances surrounding the project and factors that will influence the course of the project, and uses this information to formulate the (general) goals of the project. 8.2 organises, as a member of a team, the project and sets up a detailed and realistic plan, taking into account the context of the question, the scope of the project, the conditions, the limitations, the expected quality and the means available. 8.3 follows, both individually and as a member of a team, the arranged plans and applies time management techniques. 8.4 takes responsibility for his/her role in the team and carries out his/her part of the project on time. 8.5 assesses, as a member of a team, the project, monitors the progress of the project, deals with uncertainty, gives feedback and formulates points of action and points of improvement throughout the project. 8.6 participates constructively in meetings with the team and with others who are involved in the project. 8.7 asses