Description
Understanding of issues strategic and operational issues that firms face. Application of concepts and tools related to planning and management control activities to particular business situations. Development of ability to adapt planning and management control systems to various organizational contexts.
This course will help you to:
- Discuss the roles of planning and control activities, organizational structure, performance evaluation, and management control systems
- Acquire technical and theoretical knowledge on the structure and content of budgets, as well as the tools that underpin performance management (variance analysis, internal transfer pricing, and performance indicators)
- Analyze and critique information on the above subjects that is prepared and furnished by various internal stakeholders
- Understand ethical issues related to performance measurement and incentive compensation schemes
- Appreciate organizational planning and control activities under different contexts (e.g. sustainable development)
Themes covered
Project analysis and capital budgeting
The budgeting process
Revising and updating forecasts
Alternative planning methods
Performance management
Financial and non-financial performance indicators
Cost profit and investment centres
Internal transfer pricing (domestic and cross-border)9-
The three pillars of decentralization
Ethics and professional judgment
Sustainable development
Important notes
Course in French : COMP 20930
Prerequisite(s) : COMP 20900 and COMP 20929
Given the pedagogical approach of this course, it is recommended to take it at the 3rd year of BBA