Management Accounting

llsms2101  2020-2021  Louvain-la-Neuve

Management Accounting
Due to the COVID-19 crisis, the information below is subject to change, in particular that concerning the teaching mode (presential, distance or in a comodal or hybrid format).
5 credits
30.0 h
Financial accounting course (basic and intermediate level)
Main themes
  1. Basic philosphy of management accounting
  2. Cost management concepts and cost behavior
  3. Traditionla cost management systems
  4. Activity-based costing
  5. Total-life cycle costing
  6. Target costing, kaizen costing, environmental costing
  7. Performance measurement
  8. Balanced scorecard
  9. Budgeting

At the end of this learning unit, the student is able to :


Having regard to the LO of the programme, this activity contributes to the development and acquisition of the following LO:

1. Corporate citizenship
1.1. Demonstrate independent reasoning, look critically 
1.3. Decide and act responsibly
2. Knowledge and reasoning
2.1. Master  the core knowledge  of each  area  of management.
2.2. Master  highly specific  knowledge  
2.3. Articulate the acquired knowledge  from different areas
2.4. Activate and apply the acquired knowledge 
3. A scientific and systematif approach
3.1. Conduct a clear,  structured, analytical  reasoning
3.2. Collect, select  and  analyze  relevant  information  
3.3.Consider  problems using  a  systemic and  holistic  approach 
4.1. Identify new opportunities, propose creative  and  useful  ideas
5. Work effectively in an international and multicultural environment
5.1.Understand the  inner  workings  of an  organization
5.2.Position ... the functioning  of an organization, in its ...socio-economic dimensions
5.3.Understand and  establish their own role and  scope for action
8. Communication and interpersonal skills
8.1. Express a clear and structured message
9. Personal and professional development
9.1. Independent self-starter 
9.4. Quick study, lifelong learner


The contribution of this Teaching Unit to the development and command of the skills and learning outcomes of the programme(s) can be accessed at the end of this sheet, in the section entitled “Programmes/courses offering this Teaching Unit”.
Management control at the crossroads of strategic planning and operational control
  • Role and functions of the controller
  • Decentralization and responsibility centers
  • ABC/ABM model
  • Strategic cost management
  • Target costing
  • Budgets, budgetary control and variance analysis
  • Transfer pricing
  • Performance Measures
  • Reporting and Balanced Scorecards
  • ERP and Management Control
Teaching methods

Due to the COVID-19 crisis, the information in this section is particularly likely to change.

Combination of classes, individual readings, teamwork on  real-life case studies and class presentations
In-class activities
  • Lectures
  • Exercices/PT
  • Problem based learning
At home activities
  • Readings to prepare the lecture
  • Exercices to prepare the lecture
  • Paper work
Evaluation methods

Due to the COVID-19 crisis, the information in this section is particularly likely to change.

Continuous evaluation
  • Date: -Weeks 1 to 6 Preparatory Reading - End of week 6 or 7 - Group work
  • Type of evaluation:
  • Comments: No
Evaluation week
  • Oral: No
  • Written: Yes 3 hours maximum
  • Unavailability or comments: No
Examination session
  • Oral: No
  • Written: No
  • Unavailability or comments: No
Provided during the class
Faculty or entity

Programmes / formations proposant cette unité d'enseignement (UE)

Title of the programme
Master [120] in Management