Performance Management
MGT-510 / 2 credits
Teacher: Cauvin Eric
Language: English
Withdrawal: It is not allowed to withdraw from this subject after the registration deadline.
Remark: MA3 only. Special schedule. See the MTE website: https://go.epfl.ch/mte
Summary
The objective of the course is to provide participants with the main processes and tools a company applies to evaluate the financial and non financial performance.
Content
1- Purpose of a management control system (MCS) or performance measurement system (PMS)
2- Review the main cost systems (full cost systems and direct costing)
3- Introduce the budgeting and the bugeting control processes in order to evaluate the financial performance
4- Introduce the internal reporting concept through the design of a PMS combining financial and non financial measures
Keywords
MCS, PMS, Management control, cost accounting, budgeting process, dashboard, Balanced scorecard
Learning Prerequisites
Required courses
Financial Accounting
Recommended courses
Corporate finance, finance
Important concepts to start the course
Financial statements
Profit/Cash
Learning Outcomes
By the end of the course, the student must be able to:
- Assess / Evaluate costs in a company
- Analyze costs in a company
- Develop a budgeting control
- Assess / Evaluate Financial performance of a company
- Develop a non Financial PMS
- Manage a Dashboard
Transversal skills
- Assess progress against the plan, and adapt the plan as appropriate.
- Plan and carry out activities in a way which makes optimal use of available time and other resources.
- Set objectives and design an action plan to reach those objectives.
- Demonstrate the capacity for critical thinking
Teaching methods
Lectures, discussions, brief exercises, exercises and cases.
Expected student activities
Class attendance and get involved in the exercises and cases.
Assessment methods
Mid-Term 40%
Homework 10%
Final written exam (closed-book) 50%
In the programs
- Semester: Fall
- Number of places: 70
- Exam form: Written (winter session)
- Subject examined: Performance Management
- Lecture: 2 Hour(s) per week x 14 weeks
- Semester: Fall
- Number of places: 70
- Exam form: Written (winter session)
- Subject examined: Performance Management
- Lecture: 2 Hour(s) per week x 14 weeks