International Controlling (ILV)

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Specialization AreaInternational Finance
Course numberM4.05172.30.671
Course codeIntContr
Curriculum2016
Semester of degree program Semester 3
Mode of delivery Presencecourse
SPPW1,0
ECTS credits2,0
Language of instruction English

By the end of this course the students should:
understand the role of management accounting, cost management, and controlling systems in multinational companies
be aware of the tasks and challenges of implementing standardized controlling systems across subsidiaries in different countries
analyze and suggest improvements for the cost structure of internationally active companies
choose and apply adequate strategic and operative controlling instruments for supporting managerial decisions
edit and report data as a preparation for managerial decisions

"Integrated Financial Management" course

Management accounting, cost management and controlling systems in multinational companies
Objectives of international controlling
The organization of the controlling function in multinational organizations
Challenges of implementing standardized controlling systems in multinational companies
Performance management based on KPIs
Selected strategic and operative controlling tools
Approaches to cost analysis and cost management
Budgeting processes in multinational companies
Internal transfer pricing in an international context
Using reporting tools

Atkinson, A. A., Kaplan, R. S., Matsumura, E. M., & Young, S. M. (2011). Management Accounting: Information for Decision-Making and Strategy Execution. 6th ed. Upper Saddle River, NJ: Prentice Hall.

Drury, C. (2015). Cost and Management Accounting. 8th ed. Andover: Cengage Learning.

Horngren, C.T., Datar, S. M. & Rajan, M. V. (2014). Cost Accounting: A Managerial Emphasis. 15th ed. Upper Saddle River, NJ: Pearson/Prentice Hall.

Horngren, C. T. & Sundem, G. L. (2013). Introduction to Management Accounting. 16th ed. Upper Saddle River, NJ: Pearson/Prentice Hall.

Lecture, discussion, case studies

Class participation: 20%
Exam: 80%