Control is one of the tracks of the MSc Accountancy and Control. During your Master's you will follow 7 general courses and 2 track-specific courses. You will finish with a thesis. If you have a fundamental drive to challenge the corporate environment, you can participate in our Honours programme.
International Financial Reporting
The course provides an overview of the major elements of reporting under International Financial Reporting Standards (IFRS). The emphasis is on understanding the key accounting concepts within IFRS but also the practice of applying these standards in real-life situations.
Incentives & Control
With this course you learn how corporations can align the interests of employees with those of their organisation. You examine the challenges of various financial and non-financial measures in incentive systems for employees, and the relationship between control, (operational) risk management and corporate governance.
Accountability & Risk Management
This course focusses on the roles of internal control and risk management in ensuring organisational accountability, both social and environmental. We consider and critique theories, philosophies and concepts of corporate governance and accountability emanating from a variety of theoretical perspectives and apply these to real-world examples.
Accountants need to be capable of analysing large amounts of financial and non-financial data to address business challenges. This course helps you to develop an analytical mindset and learn how to use tools to analyse both structured and unstructured data.
Financial Statement Analysis & Valuation
This course applies conceptual aspects of financial accounting and reporting to the financial statements of real-world companies. You will learn to analyse financial statements of well-known companies from the perspective of a financial analyst and to use the insights in company valuation analyses.
Judgment & Decision Making in Accounting
This course provides you with an introduction to the psychology of judgment and decision making. We discuss important behavioural models of human decision making, and contrast these with economically rational models.
Business Lab & Professional Skills
Explore the practical aspects of Accounting. Learn programming with Python. Together with your fellow students, you will work on cases that an audit firm or company struggles with, such as the implementation of new accounting standards or the use of data analytics and process mining to improve an audit. This course develops your professional skills such as presentation skills and negotiating with clients, to help you develop the skill required in practice.
Strategic Value Management
This course focuses on the role of controllers in managing costs, revenues and value. Topics that will be covered include short and long term cost management, customer profitability and innovation.
Corporate Financial Management
This course offers you a blend of lectures, case discussions and hands-on exercise sessions to enhance your understanding of corporate finance and corporate valuation.
The Master’s thesis is the final requirement for your graduation. It is your chance to dive deep into a topic that you are enthusiastic about. A professor in your field of choice (track) will supervise and support you in writing your thesis.
Upon graduation, you will be awarded the title Master of Science (MSc).
Highly motivated students can participate in the MSc Accountancy and Control Honours programme. This challenging programme is a great chance to stand out for future employers.
In modern economies, most people work in service organisations. But how do you measure the productivity and efficiency of for example a manager or consultant? Or the contributions of a researcher in developing a new medicine? And if it's difficult to measure their output, how do you manage these professionals?
I liked that I could choose specialised modules which would equip me with the skills and knowledge demanded by the workforce in the future.Chandralekha Thanabalan - track Control Read about Chandralekha's experiences with this Master's
Examples of relevant issues that could be discussed in your classroom.
- Costing - Companies can use several costing methods, each with its own (dis)advantages. Well-known costing methods which are used in companies include direct costing, full costing and activity-based costing. In the academic literature, there is a discussion as to whether firms should include all costs (including environmental and social costs, such as use of water and clean air) in the costs allocated to products or services. This practice is referred to as full cost accounting, true costing, or true pricing. In practice, firms provide insights in the true price of products. Proponents claim that the inclusion of environmental and social costs provides firms with the 'right' information to make long-term decisions. Opponents suggest that the firm’s objective should be to make a profit and deliver dividends to shareholders; it should not be concerned with societal demands, other than legal boundaries.
- Planning, budgeting and forecasting - Planning, budgeting and forecasting are an essential part of management. Most companies use planning and budgeting systems in order to set annual targets for managers in the firm. However, budgeting has been criticised by several authors in the academic literature: it fixes targets, and takes a lot of time and money. Firms have started to experiment with 'beyond budgeting': a practice that works with more flexible budgets. Alternatively, firms use monthly forecasts to provide short-term planning schedules internally.
Internship and exchange
If you have completed your curriculum, you can do an internship or go on an exchange abroad. For international students it is an excellent opportunity to experience the Dutch labour market.
Dutch language course
Are you interested in learning Dutch? There are various options available various options available to maximise your Dutch experience and prepare for your future job in the Netherlands.
Many of our students are members of a study association. It is fun and useful for your future career at the same time. Faculty student associations are a great way to meet fellow students and future employers. They organise study trips (abroad), career events, weekly debates and social events. You can also purchase your textbooks and course syllabi at reduced rates
Overview Study Associations
- Faculty student association Sefa
- International Student Committee (ISC,part of Sefa)
- International Student Network Amsterdam (ISN, part of Sefa)
- Study Association Actuarial Sciences, Econometrics and Operational Research (VSAE)
- Financial Study Association Amsterdam (FSA)
- Marketing Association Amsterdam (MAA)
- International study association (AIESEC)
Amsterdam has a thriving student community with many activities organised outside of the university’s grounds. You will find student associations focusing on networking, specific interests and sports. It is only at sororities and fraternities that you can expect an initiation ritual (hazing).
At university, you are entitled to make your voice heard and assess the quality of your own education. Students can participate in the discussion on the university's education policy in various ways, such as by joining the Programme Committee, the Faculty Student Council or the first-year focus group. You can also stand for election and dedicate your efforts to the programme and your fellow students.