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Control (MSc Accountancy and Control)

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How can information help organisations reach their goals? This is the core question you will learn how to answer in the Control track. This track is one of 2 tracks you can opt for in our Master's in Accountancy & Control.

Help organisations reach their goals

Controlling ensures the integrity of processes, procedures and information systems, and provides timely, meaningful and understandable financial information and analysis. Controllers assist everyone in working together in their respective roles efficiently to provide accurate and fresh financial data and analysis in a form everyone can understand.

A good controller anticipates the information needs of management and provides timely financial data, analysis and recommendations. And lets management know about all the important financial aspects surrounding the business.  

The Control track emphasises the role that information plays in the management of organisations, focusing on both departments and people. Control is therefore about managing organisations: how to make sure the organisation reaches its goals.

Why choose the Control track?

  1. Beside the 6 general courses you will have specific courses with focus on Strategic Value Management and Corporate Financial Management.
  2. You have an excellent career prospect with a Master's degree worthy salary.
Felix Schmidt, MSc Accountancy and Control
Copyright: Economics and Business
While other universities often tend to overemphasize either the practical or the academic side of teaching, the Accountancy and Control programme has found the perfect balance between academia and practice Felix Schmidt, Control track Read Felix' full review

Track-specific courses

Apart from the 6 general courses of the full programme, you will follow 3 track-specific courses.

  • Strategic Value Management (5EC)

    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 (5EC)

    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.

  • Business Lab: Control (3EC)

    Apply your knowledge to solve complex business issues in the area of control. Together with your fellow students, you will work on cases that a company struggles with. For example, cost reduction, investments decisions and using big data in decision making.

Real-life case: how productive is a manager?

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?

Contemporary issues

Examples of relevant issues that could be discussed in your classroom.

  1. 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.  
  2. 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.
Facts & Figures
Degree programme MSc Accountancy and Control
Type Regular study programme
Mode Full-time
Credits 60 ECTS, 12 months
Language of instruction English
Starts in September
CROHO code 60900