Managerial Accounting and Financial Control

  • Summer schools
  • Summer School & Executive Programmes
  • Application code SS-AC101
  • Starting 2018

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. 

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. 

The course focus is on managerial decision making and the use of accounting and financial management tools under varying strategic and operational market conditions. It also looks at performance-based strategic management and accounting issues and considers aspects of international financial management.

Session: Two
Dates: 9 - 27 July 2018
Lecturer: Professor Alnoor Bhimani 


Programme details

Key facts

Level: 100 level. Read more information on levels in our FAQs

Fees:  Please see Fees and payments

Lectures: 36 hours 

Classes: 18 hours

Assessment*: Two written examinations

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

*Assessment is optional

**You will need to check with your home institution

For more information on exams and credit, read Teaching and assessment


There are no prerequisites for this course

Programme structure

  • 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.


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.

The Department, along with the Departments of Finance and Management, was ranked as the UK leader for Business and Management Studies in the most recent National Research Assessment Exercise.

On this three week intensive programme, you will engage with and learn from full-time lecturers from the LSE’s accounting faculty.


Reading materials

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

Bhimani, A. Financial Management for Technology Start-ups (Kogan Page, 2017)

*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


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