Course Code: FB228.2 • Study year: II • Academic Year: 2024-2025
Domain: Finance • Field of study: Finance and Banks
Type of course: Elective (1 of 2)
Language of instruction: English
Erasmus Language of instruction: English
Name of lecturer: Sorin-Ciprian Teiușan
Seminar tutor: Sorin-Ciprian Teiușan
Form of education Full-time
Form of instruction: Class
Number of teaching hours per semester: 42
Number of teaching hours per week: 3
Semester: Summer
Form of receiving a credit for a course: Grade
Number of ECTS credits allocated 3

Course aims:

Acquiring the knowledge specific to management control, expressed through the knowledge, understanding and use of the specific language, as well as by explaining the issues raised;
Training and development of students' ability to use specific tools of management control;
Training of skills on implementing of management control systems;
Developing the students’ capacity of improving the management control systems;
Training the skills of analysis and interpretation of the information provided by the management control.

Course Entry Requirements:


Course contents:

1. Introduction to management control; 2. Management controller; 3. Management control system; 4. Management control tools; 5. Costs; 6. Cost-volume-profit analysis; 7. Target costing; 8. Budgets; 9. Dashboard; 10. Reporting; 11. Balanced scorecard; 12. Benchmarking.

Teaching methods:

Lecture, explication, conversation, exemplification, exercise, case study

Learning outcomes:

• To explain the concepts in the area of management control; • To use the tools of management control.

Learning outcomes verification and assessment criteria:

• Evaluation criteria: level and accuracy of knowledge, scientific rigor of language; • Evaluation methods: oral examination (80% of the grade), students' assessments (20% of the grade).

Recommended reading:

Punitha, A.; Umasri, V.; Nizamuddin, Md.; Shanmugam, Kavitha; Radjamanogary, R., Management Control Systems, Pondicherry University,, Mysore, s.a., (on www).
Borsa Italiana S.p.A. – London Stock Exchange Group, Management Control System Guide,, Milano, 2014, (on www).
Talja, Suvi, Formalization of Management Control System, Master’s Thesis, University of Tampere, School of Management, Management and Organization, Supervisor: Johanna Kujala,, Tampere, 2016, (on www).
Teiușan, Sorin-Ciprian, How Old is Management Control in Romania?, Annals of the „Constantin Brâncuşi” University of Târgu Jiu, Economy Series,, Targu Jiu, 2016, (on www).
Teiușan, Sorin-Ciprian, Difference Between Management Controller and Assistant Manager, Annals of the „Constantin Brâncuşi” University of Târgu Jiu, Economy Series,, Targu Jiu, 2018, (on www).