Tài liệu MASTER PROGRAMMES FINANCIAL ECONOMICS 2012 docx

As such, leading companies have partnered with EDHEC: Société Générale, corporate programme sponsor of the MSc in Corporate Finance and PwC, corporate programme sponsor of the MSc in Man

2012

EDHEC BUSINESS SCHOOL

Academic Partners EDHEC Campuses

Editorial Why Choose EDHEC?

International Recognition Master in Management Masters of Science

A World-Class Faculty Research Impact EDHEC Governance Career Impact Student Life & Societies EDHEC Alumni Association Proudly International

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London

Nice

Singapore

EDHEC Business School is amongst the leading business

schools in Europe, internationally recognised for its academic and

research impact as well as its unique synergies with the business

world Internationalisation and relevance to business fuel our

ambition to be recognised for our excellence and global mindset

EDHEC differentiates itself by offering innovation in business

education and greater dynamism in connecting students and

graduates with the business world

New challenges and opportunities constantly arise and we focus

on offering our students the knowledge required to become

tomorrow’s leaders As such, leading companies have partnered

with EDHEC: Société Générale, corporate programme sponsor of

the MSc in Corporate Finance and PwC, corporate programme

sponsor of the MSc in Management Control

The EDHEC Master in Management (MIM) is a 2-year full-time

programme awarding a double degree - the Master in Management

degree and the Master of Science degree EDHEC also offers five

masters of science (MSc) programmes specialised in a specific

field of finance Taught entirely in English, these programmes

are specifically designed to provide students with the academic

knowledge and skills required for an international career

Anne Zuccarelli

Associate Dean, Academic Programmes

Drawn upon the expertise of prominent academic faculty as well as from the leading EDHEC-Risk Institute activities, EDHEC finance programmes aim to offer talented students a unique opportunity to foster their leadership and excellence by providing training and education required by today’s businesses The Financial Economics MIM programme provides a rich set of four specialised master programmes leading to specific careers in the financial industry such as asset and risk management, trading, corporate financial management, financial intermediation and auditing The MSc in Finance programme allows students with different backgrounds (lawyers, engineers, scientific, etc ) to join

a general-purpose training in finance

The finance industry has experienced a major restructuring over the past few years Now more than ever, working in finance requires commitment, passion and comprehensive technical skills

By fostering a global mindset and advanced research, EDHEC

is always one step ahead with a programme portfolio flexible enough to be quickly adapted to business needs This proactive approach is crucial for maintaining a leading role in promulgating innovative knowledge and expertise that will make a difference in contemporary business and financial issues

EDHEC, A Unique Experience

There are many reasons to choose EDHEC Business School EDHEC’s strong business connections ensure that our programmes are always relevant to corporate needs Business inputs range from programme design, research and courses, recruiting fairs, alumni network and business games to internship and job offers EDHEC has an active policy of assisting students in achieving their ultimate career goals As such, EDHEC has introduced the TI&CD programme (Talent Identification & Career Development), an already-prized initiative that provides our students with tailored career guidance and assessment

Our Mission

Leading Education - Delivering academic excellence driven by renowned research is EDHEC Business

School’s mission to provide students with the skills, expertise, knowledge and network required to excel in global demanding careers We aim to move students, businesses and societies forward by nurturing talents and maintaining excellence in research and education

Our Ambition

Our ambition is to become a brand internationally recognised for its culture, global mindset and the impact of its education and research on the business world

Our Values

Relevance: Market pertinence is a key value in all aspects of our organisational culture - including the

academic side We seek to reconcile academia with the business world through the extension of our research effort into the corporate realm

Responsibility: We educate people and carry out research that aims to develop both scientific and

human competencies, preparing men and women who are committed to use their skills to improve the society

Innovation: We have a long-standing commitment to a culture that fosters creativity, risk-taking,

continuous improvement, leadership and entrepreneurial spirit, both at educational and research levels

WHy CHOOSE EDHEC?

Founded in 1906, EDHEC offers academic programmes recognised through international accreditations by AMBA, AACSB and EQUIS Our mission is to shape managers to meet companies' needs via relevant and cutting-edge education EDHEC's uniqueness rests in its close ties with the corporate world These connections and our 146 faculty members, who are among the most published in Europe, bring real-time knowledge to the classroom This strategy is in line with the challenges faced by today's society and has a direct impact on EDHEC’s influence on business and society as a whole.

Olivier Oger, Dean of EDHEC Business School

Founded in 1906, EDHEC Business School was among the first institutions worldwide to be awarded the ‘Triple Crown’ of international accreditations for the academic excellence and professional relevance of its programmes, its strong links with the business community, its international orientation

and its commitment to an ongoing process of quality improvement Today,

only 48 business schools worldwide have received the triple crown.

Solid Rankings N°1 in France for Education and Research in Finance in 2010 and 2011 – Le Point Magazine

N°1 French Business School for its influence in the English-speaking press (2009 FT Research citations)

N°2 in France for its Recognition among Businesses – L’Etudiant - L’Express

N°5 in Finance in 2009 Financial Times Worldwide Ranking

11th Master in Management in the Financial Times Worldwide Ranking (average ranking over 3 years)

years of Excellence Over

International Network of Academic Partners

INTERNATIONAL RECOGNITION

Among Others

The EDHEC Financial Economics Master in Management (Grande Ecole) awards students a double degree – the Master in Management degree and the Master of Science degree Taught entirely in English, this 2-year full-time programme is specifically designed to provide students with the academic knowledge and skills required for an international career in finance Taught on our international campus

in Nice, the Financial Economics Master in Management aims to groom future leaders and provides

an insight to several fields of finance

Double degree (the Master in Management degree and the Master of Science degree) N°1 in France for Education and Research in Finance - 2011 Le Point Magazine

Top 15 in the Master in Management - 2011 Financial Times Worldwide Ranking Exclusive sponsors and partners: Société Générale, PwC and CFA Institute

Unique career assessment and guidance: TI&CD programme

A Programme Made for You!

of EDHEC academic programmes taught in state-of-the-art campuses in Europe and in Asia combined with the involvement of the business community and the reputation of the school are key assets EDHEC truly becomes a natural choice for talented graduate students who have excellent track records and the potential for successful international careers

Richard Perrin, Executive Director, International relations & Marketing - EDHEC Business School

MASTER IN MANAGEMENT – FINANCIAL ECONOMICS

YEAR 1 – EDHEC Master in Management Foundation year « Acquiring Global Competencies »

Analysis of Risk & Performance

This course develops the basic principles of asset pricing and provides an introduction to the fundamentals of risk performance measurement in an asset management context

Corporate Finance & Asset Markets

This course provides a solid grounding in the principles and practice of finance Moreover, it develops

an understanding of the tools necessary to make good financial decisions

Cost Accounting & Management Control

This course provides the “common ground” through which managers and accountants communicate

Core Modules - Year 1

Year 1 is a foundation year that equips students with the technical and financial competencies required for their intership and Year 2 The Year 1 curriculum has been specifically designed to fit the CFA exam curriculum as closely as possible with a particular focus on economics, statistics, corporate finance, financial analysis, options and derivatives and fixed income.

MSc in

Corporate Finance Financial MarketsMSc in Management ControlMSc in

MSc in Risk & InvestmentManagement

Financial Analysis & Reporting

This course introduces a comprehensive

theoretical framework for financial statement

analysis that can be used in a variety of

business analysis and valuation contexts

Implications of new techniques in risk

management for accounting and analysis will

be discussed

Financial Econometrics

This course provides the knowledge of the

main econometrics tools used in market

finance and asset pricing Topics include

multiple regressions, time series analysis,

unit root tests, heteroscedasticity and other

related topics

Financial Institutions &

Markets

Students will acquire a basic knowledge of

financial markets, institutional investors, the role of financial institutions such as central banks, intermediaries such as commercial & investment banks, insurance companies, hedge funds versus mutual funds, and the role of regulatory authorities

International Economics

The course reviews key definitions and economic concepts regarding balance of payments dynamics, the determination of foreign exchange rates, and the role of shocks and of monetary and fiscal policies

in shaping the dynamics of market prices, asset values, and activity levels in open economies

International Corporate Finance & Governance

The course analyses strategic financing decisions, adverse selection, and agency problems associated with the three main firm policies: financing, investment and payout distribution The effects of different corporate governance arrangements will be explored in the context of debt and equity financing, initial public offerings and dividend payout policies across countries

Introduction to EXCEL & VBA Programming

An overview of Excel and VBA programming for solving financial problems

Introduction to Fixed Income

The course develops insights into different bond portfolio strategies and provides extensive coverage

on valuation techniques for bonds

Introduction to Options, Futures & Derivatives

This is an introductory course on derivatives It provides students with the basic concepts of derivatives trading and pricing

MASTER IN MANAGEMENT

MASTER IN MANAGEMENT

Marketing of Financial Services

The course provides an application of marketing theory to the financial services industry, analyses the new developments and trends in marketing financial products and finally raises the potential ethical issues in financial services

Organisational Behaviour

In this course, students will acquire a general perspective of organisational behaviour and learn about individual, group and organisational level processes and theories Since managing people is the most challenging task for all organisations and an imperative for their survival, the course offers significant value

Strategic Management (Part I and II)

Part I of the course introduces fundamental concepts and models of business analysis Both the internal and external contexts of firm dynamics are examined

Part II deals with corporate strategies and strategic options faced by companies when extending strategic decisions It will also examine in depth the strategies of integration, diversification and internationalisation

Accounting & Taxes for Holding Companies

CFA Preparation (Level I)

Financial Law & Economics

Information Systems & Governance

Interpreting Macroeconomic Signals

Merger & Acquisition Deals with Micro Finance

Theory of Financial Crises Corporate Law

Financial Audit with Mazars

I chose the EDHEC Master in Management because the programme is structured in a way that allowed me to develop a foundation in finance in my first year and then to develop a more specialised knowledge through the MSc I had no formal background in finance and the two-year programme is a perfect fit The curriculum is carefully designed and students are constantly challenged by realistic case studies EDHEC Business School helped me discover

a lot of my strengths – both personal and professional Vikas Sengupta (India), 2010 MIM

Student, gap year intern at Power Company - Dubai

The EDHEC Master of Science programmes are deeply-rooted into the expertise of our research centre, the EDHEC-Risk Institute - Europe's leading research centre in applied finance Taught entirely in English, these one-year programmes are designed for students wishing to specialise in a specific field of finance

Increasingly, the financial industry is demanding well-rounded specialists with a focus on M&A, corporate finance, debt and equity financing, corporate governance, management control and risk and asset management.

MSc in

Corporate Finance

MASTERS OF SCIENCE

Programme Structure

* Mandatory 3 to 6-month internship except for the MSc in Risk & Investment Management

A full-time position replaces the internship requirement.

MSc in Financial Markets

MSc in ManagementControl

MSc in Finance

MSc in Risk & InvestmentMangementMASTERS OF SCIENCE

The MSc in Corporate Finance is designed to focus on all areas

of Corporate Finance Increasingly, the global financial industry

is in search for specialists with a particular knowledge of

corporate finance, debt and equity financing, corporate governance, financial accounting, M&A and investment banking The degree opens up the exciting possibility of working within investment banking, private equity or corporate financial services

Competitive Strategy

This course looks at a firm's organisation and its strategy in the context of the competitive environment

in which it operates Topics of interest include: competitive advantage and technology with network effects; network effect industries, late movers and the Internet World; competitive dynamics and market entry; competitive dynamics and oligopolistic markets; small emerging market firms entry: how do multinational giants react; competitive dynamics, entry and non-market strategies Each class or topic starts by an analysis of the industry structure and its competitive characteristics It is followed by a case study illustrating the topic at hand

Applied Contract Theory in Corporate Finance

This course is an advanced corporate finance course that analyses corporate finance issues using game- and contract-theoretic tools Concepts of interest include: wars of attrition; dominance; mixed strategies; static and dynamic games; bargaining and auctions Classic topics such as moral hazard problems of financial contracting, asymmetric information problems of financial contracting, agency costs of free cash flows, dividend policy, corporate governance and control, law and finance

Financial Analysis & Valuation

This course introduces a comprehensive theoretical framework for financial statement analysis that can be used in a variety of business analysis and valuation contexts Traditional earnings based valuation is compared with more comprehensive approaches to valuation, including discounted cash flow and more advanced residual income valuation models Examples of studies that attempt to empirically test these models in various business contexts are discussed Emphasis will be placed

on the application of these theories to practical case studies Implications of new techniques in risk management for accounting and analysis will also be discussed

Bankruptcy & Corporate Reorganisation

The course focuses on various corporate restructuring policies that firms carry on around the world Company's motivations and consequences in an international context will be analysed Besides small changes of operations, corporations engage in three different major types of restructuring policies: (1) reorganisation and bankruptcy; (2) corporate transformations or asset sales; and (3) mergers or large acquisitions These major policies will be covered with a focus on their financial consequences

in various legal environments

Case Studies in Corporate Finance

This course offers a series of real business case studies drawn from various industries and countries which feature a vast array of financial decisions Case studies will be conducted through classroom discussions, group work, readings and lectures Students will learn to apply advanced valuation techniques to complex financial situations

MSc IN CORPORATE FINANCE

In partnership with

Core Modules

International Finance & Risk Management

International corporations need to identify and manage various risks, where market risk, credit risk and currency risk are prominent An international corporate financial manager needs to properly use the various financial instruments available to set adequate and accurate hedging strategies Instruments involve fixed-income and currency securities and derivatives at various maturities Other risks involve counterparty risk, liquidity risk and operational risk

Strategy & Financial Policy

This course attempts to deal with selected corporate finance transactions and the related strategy reasons or implications that a company or its advisors may face These could be situations such as structured debt financing, mezzanine finance or LBOs Students will attempt to build on knowledge gained in the Corporate Finance and in the Introduction to Financial Markets modules The course aims to equip students with the skill sets needed to recognise financial and strategy-related situations that they may come across in their professional lives as financial advisors or corporate managers

Corporate Taxation

This course deals with the tax laws governing the dealings of corporate taxpayers and their shareholders

It reviews transactions and issues in the life of a corporation, from formation to liquidation, as well as the basics of the taxation of corporate mergers and acquisitions

Project Management & Benchmarking

The overall objectives of this course are: (1) to get a dynamic vision of organisations through process analysis (2) to acquire tools to formalise and analyse processes besides assessing performance (3) to understand the relationship between process management and benchmarking in order to benchmark processes and implement best practices

Private Equity & Venture Capital

The aim of this course is to acquire a professional practice on all aspects of a leveraged buyout transaction The course also examines the private equity market which represents a major source of capital for new and established private firms Students will learn how private equity funds are raised, structured and financed; how contracting is done in private equity markets; how to value private equity interests; the sources of capital for private companies; the strategies to follow for value creation

MSc IN CORPORATE FINANCE

Major in Financial Management

Major in Financial Intermediation

Private Banking Real Estate Valuation & Financing Strategic Cost Management

Seminars

Private Banking & Wealth Management

This course requires students to analyse the specific services offered by a wealth management division, namely investment services, brokerage and financial planning as well as international and private banking It also examines the various client segments in the private banking sector and their financial needs

Advanced Excel & VBA Programming

The course is designed to teach students how to programme financial applications that are commonly used in corporate finance/capital markets, both in Excel and Visual Basic for Applications (VBA)

Ethics & Corporate Governance

This course, to some extent, addresses the ethical challenges in finance, which include financial markets, financial services and financial management The course makes students aware of the relevance of ethical norms for professionals in finance and delivers helpful background knowledge for people preparing to take the CFA exam

Fundamentals of Corporate Law

The objective of this course is to provide an understanding of the principles of Corporate Law

Research Methodologies

The aim of the course is to provide students with a format on how to write an academic paper The whole process will be covered from identifying a topic, reviewing the literature, structuring a thesis, collecting the data, programming a statistical procedure to writing in a clear and concise style

Electives

Société Générale and EDHEC Business School have developed a strong relationship in recent years With over 250 EDHEC Alumni working for the company, Société Générale is historically the largest single recruiter of EDHEC graduates Société Générale has strengthened its relationship with the school by sponsoring the EDHEC MSc in Corporate Finance programme

Société Générale shares its expertise and know-how in structured products and hedging (among others) with MSc in Corporate Finance students through specifically designed case studies

Throughout the year, Société Générale's involvement with EDHEC remains strong Recruitment events, business presentations and networking events will be organised and led by the Société Générale for students enrolled in the programme Société Générale is also a member of the EDHEC International Financial Economics Advisory Board

Real Estate Valuation & Financing

Strategic Cost Management

Corporate Programme Sponsor

I am very happy to have contributed to the validation of the MSc Corporate Finance sponsorship I’m sure that we will meet a lot of international talents in the coming 3 years

We will be happy to interact with them and provide them with useful advice for their career path The involvement of our experts in the lectures will be a real added value to this excellent master programme

EDHEC graduates talents have mainly joined our Corporate & Investment Banking teams

In the last two years, they have been performing very well in the General Inspection graduate programme and they are now conducting audit & advisory missions all around

the world Elise Gilbert, Campus Manager, Société Générale

1st Recruiter of EDHEC Graduates

The MSc in Financial Markets enables students to further diversify their competencies by opting for one of the two specialisations: asset management and trading The core courses introduce students

to the main concepts of finance related to stocks, bonds, derivatives and alternative investments

as well as to the analytical tools used in the industry Quantitative asset pricing and derivatives pricing models from cutting edge research in finance are reviewed, as well as the techniques to take these models to real time data, including time series analysis, Monte-Carlo simulation and advanced econometric techniques Broadly speaking, the major in asset management focuses

on the advanced techniques of portfolio construction and performance analysis, dynamic asset allocation while the major in trading focuses on trading financial securities.

Programme graduates work as fund managers, security analysts, risk managers, asset allocation specialists, hedge fund analysts or traders in asset management and brokerages companies as well as investment banks, hedge funds, private banks and pension funds.

Financial Theory

This course introduces students to the main building blocks of modern finance theory The course starts with the basis of rational decision making under uncertainty The second part of the course introduces the capital asset pricing model (CAPM), discusses the arbitrage pricing theory (APT) and reviews empirical evidence related to these seminal theories Tests of empirical implications of asset pricing models and of the efficient market hypothesis (EMH) are also reviewed

Empirical Methods in Finance

The course offers an overview of the most-widely used econometrics tools and the way these methodologies can be used in empirical finance, both in investment banking and asset management There is a strong emphasis on practical applications, with close links to the topics covered in the MATLAB class

Fixed Income Securities & Risk Management

This course gives students the necessary skills to understand the pricing and management of fixed income securities Topics include: interest rates and risk management in bond markets; corporate bonds; inflation-linked bonds; interest rate swaps; and securitised assets such as MBS

Derivatives Pricing & Hedging

This is an intermediate course on Derivatives It provides students with the basic concepts of derivatives trading and pricing At the end of the course, students will know:

i) how a derivatives exchange works;

ii) what the main differences between an exchange and the OTC are;iii) what derivatives are useful for;

iv) what a forward contract is and how to price it;

v) what a futures contract is and how to price it;

vi) what an option is and what can be done with options;

vii) what exotic options are

Core modules

MSc IN FINANCIAL MARKETS

Asset & Liability Management

Asset management is essentially asset liability management Without liabilities there would be no need for assets The main objective is to help students rewrite typical investment situations into asset liability management problems The necessary set of mathematical and statistical tools to compute sophisticated models used by academics and advanced practitioners will be developed

Alternative Investments

Students will acquire a good understanding and workable knowledge of the techniques that should

be part of the toolkit of anyone investing in, analysing and/or advising private and institutional clients (and more specifically hedge funds and commodity trading advisors) on the inclusion of alternative investments in their portfolios The course also enables participants to assimilate the analytical arguments used in technical publications – related to alternative investments in-house research notes of financial institutions and practitioner-oriented journals – in order to be able to apply them

Regulation & Risk Management

PART I: Banking and insurance regulatory frameworks for addressing risks, with a focus on credit and market risks The course covers Basel II & III and Solvency II frameworks and 3 Pillars, and explains measurement methods for quantifying risks and the different approaches for allocating capital It also discusses the impact of the regulatory frameworks on capital markets and insurance markets and highlights the links between the reforms, their critics and potential developments PART II: Due diligence in the hedge fund industry, with a focus on operational, liquidity and counterparty risks It explains sources of risk and key due diligence points for operational risk, liquidity risk and counterparty risk in hedge funds and highlights enhanced best business practice recommendations

Major in Asset Management

After extensive research into programmes and curriculums, I decided to choose the EDHEC's MSc in Financial Markets I was attracted by the excellent reputation of the school, as well as most critically the design and focus of the programme EDHEC's MSc in Financial Markets interested me because of its focus on quantitative skills, and how these theories apply to markets and trading The courses had the rigour and focus that I wanted out of a programme, and was the only school that was able to offer me that in a one-year degree

Jay Rustulka (USA), EDHEC 2010, Senior Portfolio Optimisation Manager - E.ON Energy Trading - Germany

MSc IN FINANCIAL MARKETS

Principles of Trading

This course covers the main issues relating to securities trading and securities markets It discusses why and how people trade, as well as the operation, structure, and regulation of securities markets While the course focuses mainly on equity markets, comparisons to the markets for derivatives and other securities will be made The course discusses what causes markets to change, how change

is affected by competition between markets, and how securities regulation hampers or promotes the development of markets It also further emphasises how the different market structures affect tradingstrategies, trading costs, and other considerations that are important to traders

Applied Financial Markets

The aim of this course is to wrap up product and trading skills acquired in previous core courses (fixed income, treasury, and derivatives), while completing the range of financial market products (money markets, credit & securitisation, mezzanine) It also gives students a global understanding of the financial markets industry, the players and their roles and enables them to acquire the techniques and skills necessary for operating at practitioner level in several areas within the financial markets, including research, origination, trading, buy- or sell-side, and thus enhance investment, financing or strategic performance The second part of the course thoroughly explores money markets and foreign exchange markets instruments to be able to use them for hedging or arbitraging interest-rate exposure

Market Risk Analysis

This course analyses all aspects of market risk analysis from a practitioner’s point of view Students will gain insight into the fundamentals of market risk management, while at the same time learning more about the challenges and successes organisations have had in implementing their programmes Cutting-edge techniques in market risk analysis are provided Topics include: market risk identification; risk measures (parametric and non-parametric methods); Value at Risk; model risk; liquidity risk; forecasting volatility and correlation; decomposition and verification of risk measures; estimating risk measures; and practical MATLAB programming techniques

Practical Trading

The objective of this course is to give students an understanding of the use of financial instruments

by placing them in real trading situations in commodities, derivatives or other financial securities Sessions are conducted by professional traders in the Thomson Reuters trading room

Major in Trading

Electives

Advanced Excel & VBA

The course is designed to give students knowledge of how to use Excel and Visual Basic for

Applications (VBA) to financial modelling problems Real-life problem examples will be extensively

used in the learning process This course is designed to be essentially practical

Ethics & Corporate Governance

This seminar provides a basic insight into the meaning and importance of values and norms in the

functioning of financial markets Capability to analyse cases in financial ethics in an autonomous

manner Developing an attitude of a responsible actor in financial markets

MATLAB

This is an introductory course to MATLAB, a powerful tool for data analysis and visualisation, and

modelisation We first describe the working environment in MATLAB and we present the basic

elements of syntax We then describe how to import data, how to handle them using pre-programmed

functions of MATLAB, and how to export the results to use them in a presentation or in a report We

will also study the Financial, Statistics and Econometrics Toolboxes in more detail, which extend

MATLAB capabilities in finance, statistics and model calibration

Research Methodologies

The aim of this course is to provide students with a format on how to write an academic paper The

whole process from identifying a topic, reviewing the literature, structuring a thesis, collecting the

data, programming a statistical procedure to writing in a clear and concise style will be covered

MSc IN FINANCIAL MARKETS

Seminars

These courses have been designed in partnership with our Corporate Programme Sponsor, PwC who is involved in sharing its expertise and know-how with students The programme responds to today’s needs for financial controllers capable of managing reporting procedures and implementing innovative financial and management accounting solutions It also develops additional skills such

as communication, strategy, project management and human capital management.

Advanced Finance

The course aims to develop an understanding of the corporate capital structure, strategy and business planning process Topics include equity, capitalisation and dividend management; IPO, leverage; gearing and debt management; mergers & acquisitions; restructuring & spinoffs; time value

of money; enterprise valuation; working capital and cost of capital

Organisational Controls

This course provides a clarification on control in organisation As a transversal function, control

is closely related to other functions: strategy, structure, human resources, information systems, etc In this course, the link between control and strategy on the one hand and between control and performance on the other hand will be specifically discussed How does the strategy influence the control system? How is the implementation of a specific strategy controlled? What are the different kinds of performances pursued? Are the controls similar?

Strategic Planning & Control

This course is about cost and management accounting Cost accounting is concerned with information

on the acquisition and consumption of resources Whereas the central focus of management accounting is on the management of organisational performance Then, with the measurement and reporting of financial (and other types) information, cost accounting provides a useful input into management accounting Our concern is to encompass both management accounting and cost accounting, particularly stressing the management decision making process Management control systems (such as budgets, balanced scorecard) provide information that is intended to be useful to managers in performing their jobs

Measuring & Managing Information System Performance

The course focuses on the importance and characteristics of information for organisations and the use of cost/benefit analysis to assess its value The course will also address how to align information systems with business strategy

Project Management

This course proposes a process-based approach for project management providing an tailored and scalable method for the management of all types of projects The method is the de-facto standard for project management and is practised worldwide It is a structured approach to project management and provides a method for managing projects within a clearly defined framework Divided into manageable stages, the method enables an efficient control of resources The course provides a common language for all participants in the project

easily-MSc IN MANAGEMENT

CONTROL

In partnership with

Core modules

Auditing & Internal Control

The course aims to develop an understanding of the general nature of an audit, the objectives of an independent audit of the financial statements, the audit planning and methodologies, audit risks and types of audit tests

Information Systems & Management Control

This course examines the basic framework for integrated management information systems (ERP) The emphasis is on information systems for operations support including the impact of information and communication technology on management control systems

MSc IN MANAGEMENT CONTROL

Management Control Systems

The primary objectives of our sessions will

be on process and structure of an efficient

management control and systems designed to

achieve results control This type of management

control is largely dominant in the vast majority

of organisations - it has a decidedly behavioural

focus and requires performance measures,

evaluations as well as the provision of incentives

Operations Management

The course focuses on the relationships between

operations and cost control management in

an industry perspective The course will also

address how to improve global performance in

inventory management through supply chain and

manufacturing, with the implementation of total

quality management tools

Principles of Business Taxation

In an open and competitive world operations

are international, tax is a permanent issue

to deal with as it is fully part of the economic

performance of companies

Advanced Excel & VBA Programming

The course is designed to give the students knowledge of how to use spreadsheets to solve problems and how to program in Visual Basic for Applications (VBA) for management control

Ethics & Corporate Governance

The course covers the basic insight into the meaning and importance of values and norms in the functioning

of financial markets and the capability to analyse cases in financial ethics in an autonomous manner It help students to develop the attitude of a responsible actor in financial markets

Introduction to Accounting

Students will be introduced to accounting principles Upon successful completion of the course, students will be able to: understand “the accounting cycle", define accounting vocabulary, identify the different types of business organisations, define and use the accounting equation and explain and prepare financial statements

Research Methodologies

The aim of this course is to discuss the various methods of undertaking empirical research in accounting and the presentation of the analysis The course starts by defining accounting research and the different steps involved in setting up the various research questions The course then presents the historical developments in research in accounting and develops qualitative and quantitative research methods, including event studies and cross-sectional analysis of stock returns The course includes a discussion of upcoming effects of major institutional changes on capital markets and firms’ behaviour as well as training

in data collection from various sources and in project writing and presentation skills The course puts significant emphasis on the interaction between the development of research questions and the testing

of such questions

Seminars

MSc IN MANAGEMENT CONTROL