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AC101: Managerial Accounting and Financial Control


Course Content

Enterprises must today navigate in markets affected by global forces, advances in internet-based technologies and increasingly sophisticated corporate strategies used by competitors. At the same time, the interface between business and financial management is becoming more complex and more significant in determining high corporate performance. 

This course analyses perspectives and techniques in accounting and financial control and considers how they are used by modern enterprises to effectively manage in competitive business environments. Its focus is on managerial decision making and the use of accounting and financial management tools under varying strategic and operational market conditions.

Topics covered include:

  • Incremental costing
  • Break-even analysis
  • Activity-based management
  • Balanced scorecards
  • Target cost management
  • Quality costing and e-business costing concerns

The course also looks at performance-based strategic management and accounting issues and considers aspects of international financial management.

Course Outcomes

The aim of this course is to explore widely used managerial accounting and financial control techniques as well as cutting edge operational, marketing and competitive decision making practices. It discusses key concepts in the area and adopts a very applied learning approach. Extensive use of cases is made to explore practical techniques. 

World-class LSE teaching

The Department of Accounting continues to enjoy a reputation as one of the leading groups in the world for teaching and research on the economic, institutional and organisational aspects of accounting and financial management. The department strives to combine 'global appeal' with a distinctive 'European orientation' in terms of institutional knowledge and affiliations, as well as intellectual traditions. 

On this three week intensive programme, you will engage with and learn from lecturers from the LSE’s Accounting faculty. AC101 course lecturer, Professor Alnoor Bhimani, teaches on a number of our undergraduate and graduate Accounting modules, including Management Accounting, Decisions and Control. 


A. Bhimani, C. Horngren, S. Datar and M. Rajan
Management and Cost Accounting
(Pearson, 2015)

*A more detailed reading list will be supplied prior to the start of the programme

**Course content, faculty and dates may be subject to change without prior notice



Session: Two

Dates: 10 - 28 July 2017

Lecturer: Professor Alnoor Bhimani 

Level: 100 level

Fees: Click here for information

Prerequisites: None

Lectures: 36 hours 

Classes: 18 hours

Assessment*: Two written examinations

Typical credit**: 3-4 credits (US) 7.5 ECTS points (EU)

How to apply?

Join our mailing list and access detailed course outline 

*assessment is optional – see FAQs

**You will need to check with your home institution. Read more about credit transfer here.