06310053 - Control & Auditing

This course is organized on to differents parts, in order to teach all controlling tools that are not only cost calculations

Control :

• See all different tools to control and understand that what is not measure will not be controlled
  e.g: cost calculation, scorecards, budget, management control
• To also learn, a decision always has an associated risk to be measured too
• To be able to choose the right method regarding the decision to maike

Audit : What is an Audit? Why and how performing and Audit ? How Audit contributes to performance (risk analysis)

Estimation of private study (outside of contact hours) : 21 hours

TARGETED KNOWLEDGE AND SKILLS

This course aims at presenting students the main outlines about management including the different types of them.

Make them analyse the link between the different departments especially how to deal with Controlling department's expectations.

• To get the controlling tools vocabulary
• To be able to identify which relevant tool to choose in order to make the best decision.
• To have an overview of the portfolio of controlling tools tools beyond cos calculations

Go quickly round the table to see if anyone has some prerequisite on the main topics or not… to adapt the class

1 - Introduction to basis in CONTROL
a/ Place and Role of management control
b/ Cost calculation strategy:

• Cost accounting vs Financial accounting
• Cost management methods

Illustrations

2 - Introduction to basis in Audit up to Risks

• Risk approach and its contribution to the firm performance
• Audit vs Control: differents but complementaries
• Types of audit (eg. internal vs external, financial…)
• Job organisation
• case: sales flowcharts

3 - In class work on one specific topic

• Accounting and finance for non-specialists, Peter Atrill & Eddie McLaney - 4th Edition - Pearson education (Prentice hall)
• Introduction to Management Accounting, plus MyAccountingLab with Pearson eText, Global Edition de Charles T. Horngren, Gary L. Sundem, William O. Stratton et Dave Burgstahler
• Cost Accounting: Global Edition de Charles Horngren, Srikant M. Datar et Madhav Rajan
• Cost Accounting de Charles T. Horngren, Srikant M. Datar et Madhav T. Rajan
• Audit and Assurance

Continuing Examination
Work Group (written and oral report : 50% - 50 %)
The defense includes individual questions and assessments
Individual assessment based on participation, implication, quality during team work and quality of presentation

TEACHING METHODS

• Powerpoint presentation : videoprojection and slide handouts
• Illustrations and discussions based on professional experience throughout the course
• In class cases studies with final defense and written repor

TEACHING INNOVATIONS AND USE OF TECHNOLOGY

• Video
• Document with cases to be completed as you go along and scenario
• The final examiniation is a topic to be chosen by the student on a subjet they want to discover or to deepen: Theory and case are provided by the professor.
• A real case can be suggested

PRE-REQUISITES IN TERMS OF KNOWLEDGE AND SKILLS
Financial accountancy

RESOURCES AVAILABLE :
Given at the beginning of the class