Curricular Unit:			Code:
Budget Management and Control			870GCO
Year:	Level:	Course:	Credits:
3	Undergraduate	Commercial Management and Accounting	7 ects
Learning Period:		Language of Instruction:	Total Hours:
		Portuguese/English	91
Learning Outcomes of the Curricular Unit:
Starting from the definition and setting of budgetary control in the planning cycle, the main techniques used in the preparation and articulation of the different types of budgets are then presented, as well as the forecasting financial statements that emerge from them. The importance of the deviation analysis within the principles of budgetary control is emphasized. In the end the student should have acquired the skills that will allow him to prepare the budget of an enterprise, the forecasting financial demonstrations, and evaluate and analyse the deviations, proposing corrective measures.
Syllabus:
1.Management and Control 1.1.What is management? 1.2.Levels of management 1.3.Functions of managers 1.5.Planning and control 2.Planning 2.1.The planning process 2.2.Levels of planning 2.3.Centers of responsibility 3.Management control 3.1.Management control instruments 3.1.1. Budgetary control and analysis of deviations 3.1.2.Tableau de bord and Balanced Scorecard 4. Budgetary System 4.1.Objectives of abudgetary system 4.2.Behavioral aspects of budgeting 5. Budgeting and Budgetary Control 5.1.Budgets and forecasts 5.2.The process of budgetary control 5.3. Budgeting techniques 5.3.1. Sales budget 5.3.2. Production budget and CMVMC 5.3.3.Other budgets 5.3.4. Consolidated budget (Master Budget) 6. Fixed budgets and Flexible budgets 6.1. Flexible budget advantages 6.2.Methods for preparation of flexible budgets 6.3. Flexible budgets and analysis of deviations 6.5. Zero based budget 6.6.Analysis of deviations 7.New Approaches to Management Control
Demonstration of the Syllabus Coherence with the Curricular Unit's Objectives:
Management and Budgetary Control students need to learn about budgetary an planning control and know how to integrate it in the management control. The syllabus reflects this concern as well as aims to touch the pupils for the importance of the budgetary planning and control in management accounting. It is also intended with this curricular unit to supply to the pupils the basic instruments of budgetary planning and control, as well as the functional budgets. The goal is to supply material of study on the subjects most relevant of the budgetary planning and control, without relinquishing the quarrel of the substances and its practical application. In this perspective, the program is absolutely coherent with the objectives of the curricular unit. So, the syllabus is coherent with the curricular unit´s objectives.
Teaching Methodologies (Including Evaluation):
Two written tests (60%), individual assignments (10%), group assignments (10%), participation (10%), and assiduousness (10%).
Demonstration of the Coherence between the Teaching Methodologies and the Learning Outcomes:
The teaching and grading methodology is consistent with the goals of the curricular unit. It emphasizes semester-long grading through two tests, individual and the development of a team work in a hypothetical enterprise. Classes are theoretician-practical and there will be have practical lessons in order to develop the team work. In the lessons also they are analyzed and argued exercises and articles on the subjects treated in the theoretician-practical lessons.
Reading:
Maçães, M. R. (2018), Manual de Gestão Moderna: Teoria e Prática, 2ª Edição, ISBN 978-989-694-298-4, Edições Almedina/Actual, Coimbra. Maçães, M. R. (2017), Gestão Financeira, Orçamentação e Controlo Orçamental, Biblioteca do Gestor, 9º Volume, ISBN 978-989-694-232-8, Edições Almedina/Actual, Coimbra. Weetman, P. (2016), Financial and Management Accounting, 7 th Edition, ISBN-10: 1292086599 • ISBN-13: 9781292086590, Education Limited, Essex, England. Rodrigues, J. A., Jordan, H. & Neves, J. C. (2016), 10ª edição, Áreas Editora, Lisboa. Ferreira, D., Caldeira, C., Asseiceiro, J., Vieira, J & Vicente, C (2014), Contabilidade de Gestão Estratégia de Custos e de Resultados, ISBN: 9789898305602, Rei dos Livros, Lisboa. Brealey, R., Myers, S. & Allen, F. (2011), Principles of Corporate Finance, 10 th Edition, ISBN 978-0-07-353073-4, McGraw-Hill Education/Irwin, N.Y..