Cost Accounting & Performance Management
1. MODULE OVERVIEW
The “Managing Performance” course focuses on how to organize the firm, how to structure its decision making, planning, control, and performance evaluation processes, and how to adapt its information systems to facilitate the implementation of strategy.
The course discusses such issues as:
-The organizational side of management control (i.e. the rationale for an organization based on business units and responsibility centers);
-The design of management systems to support such an organization and help decision making, planning and control: e.g. cost accounting for internal transactions; standard costs and benchmarks; transfer pricing; the development and implementation of long term strategic cost systems, the link between managerial and corporate performance, etc.
Learning objectives are threefold:
(i)Increase the participants’ understanding of the impact of organizational designs on corporate performance;
(ii)Analyze the merits and weaknesses of different cost and revenue management systems, and particularly, analyze the long term impact of cost and revenue management decisions to achieve corporate objectives;
(iii)Expose participants to the strategic implications of the design of planning and control systems.
2. OVERALL MODULE STRUCTURE
The module will heavily rely on case studies as a way to practically illustrate concepts, generate discussions on strategy implementation issues, and encourage reflection on the way key learnings from the cases can be applied in the context of the participants’ own companies.
The module will alternate:
1)Plenary session lectures by the Professor.
2)Case analyses prepared in “break-out work sessions”, during which participants will work in groups with the assistance of the HEC faculty and the Teaching Assistants. These preparations will be followed by debriefings in plenary sessions, including presentations by participants, discussions, complementary input by the instructor.
3. FACULTY BIOGRAPHY
Jean-Loup Ardoin is professor at HEC Paris in the Department of Strategy and Business Policy.
He was educated both in France (HEC Diploma 1969) and in the US (PhD, University of Minnesota, 1973). He has been teaching, researching and consulting for over thirty years. He has been Associate Dean and Director of the Executive Education Center of HEC. He has also been Associate Dean and Director of the full-time MBA Program of HEC for six years (1995-2000).
He is currently serving as HEC Academic Director for the Global Executive MBA TRIUM that HEC founded along with London School of Economics and New York University, Stern School of Business. He is also a member of the Academic Committee of HEC Executive MBA.
In addition to these functions, Professor Ardoin remained involved in teaching and consulting for large corporations in the field of management and cost accounting, control of subsidiaries and management accounting. His particular centers of interests are strategy implementation and management control, corporate performance and sustainable development.
He is the author or co-author of several books and articles in the field of management control and he has taught in various business schools (University of Minnesota in the US, Warsaw Polytechnic Business School in Poland, Baltic Management Institute in Lithuania, TsingHua University in China).
Professor Ardoin also developed and taught in a large number of executive programs all over the world. Clients have included Total, Suez-Lyonnaise des Eaux, Pernod Ricard, Zurich Insurance Group, BNPParibas among others. He has been a consultant to a wide variety of organizations. Assignments have involved him in many different management control related topics including management control systems design, management accounting, planning and developing corporate strategies integrating a sustainable development dimension. He is consulting and serves in advisory boards in various organizations.
