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You only need to read the job adverts in the Dutch and International newspapers to see the rewards of being a Financial Controller. With social, economic and political changes in both the private and public sector – the work environment is more challenging and exciting than ever before.
We want high-flyers. We’re looking for ambitious students, who’ll make decisive and flexible managers, with a strong background in financial, economic and organisational issues.
More than number crunching The MAAC is about much more than just number crunching. You need to be able to to both support and direct staff - controlling, evaluating, analysing and budgeting. You’ll learn all about strategic financial planning, overseeing capital expenditures and information processing. You’ll need to keep up-to-date with daily movements in the market. Study Programme The Masters in Accounting and Controlling (MAAC) prepares you with a professional study programme including: - Management Accounting
- Financial Management
- Information Management
- Organisational Knowledge
- Professional Ethics
- Tax Systems
- Business Law
Structure The MAAC course is made up of four phases, each of which involve a number of ‘modules.’ The modules that are designed to develop and deepend your business skills gradually, progressing in a logical order.
At the end of each phase, you’ll be expected to produce a different project, bringing together everything you’ve learned in your different modules.
To help you specialise, the modules follow two different streams – one for Management Accounting, one for Information Management. Management Accounting Phase 1: Management Accounting Phase 2: Management Accounting and Control Phase 3: Strategic Accounting Phase 4: Managerial Control Information Management Phase 1: Logistic Management Phase 2: Information Control Phase 3: Information Systems Phase 4: Management Information Phase Five of the MAAC is a 60-page dissertation. You’ll analyse a problem, using a typical management scenario. This piece of research will show that you can apply everything you’ve learnt during the course. Academic content Here’s a closer look at the what you’ll be studying in different modules and phases, on the MAAC. Phase One Organisational Behaviour and Change This module will explore ‘change’ in today’s business environment and explain why the term ‘business as usual’ is out of date. You’ll explore technological developments, changes in cultural values and government policies. You’ll also look at organisational behaviour from a scientific standpoint – through engineering, business economics, psychology and sociology. Management Accounting This module looks at the language and workings of accounting, as used for making managerial decisions – from long term financial planning and capital (investment) budgeting. The module is split into five elements: accounting concepts, management accounting, financial accounting, long term financial planning and history of managerial accounting. Entrepreneurship and Business Plan Here, you’ll concentrate on creating and implementing a business plan for a new business. You’ll learn how to ask for funding or credit from private investors, as well as professional institutions/banks. Corporate Finance During this module, you’ll look at corporate finance and investment and see how they relate to capital markets. This includes securities, dividends and the valuation of options, warrants and convertibles, financial planning and mergers. Logistics Management You’ll become familiar will all types of organisations and their procedures. You’ll study the Value Chain in depth, looking at processes and gathering and handling data. Phase Two Management Accounting and Control Time to discuss the short-term planning and control issues in a changing business environment and look at recent developments in management accounting. Topics covered include: planning and control, the relevance of management accounting and recent developments. Information Control This module focuses on how to take a systematic approach to managerial problem solving and process improvement. Topics will include: functional analysis, result analysis and data analysis. Off Campus P2P (Peer2Peer) Workshops A three day (off campus) program built around the keywords“communication, team, culture & ethics”. The relevance is to help students (read managers) cope with the everyday practical environment, interacting with people. The program has an action-learning-by-doing nature. People skills for work and life are emphasized. It is an opportunity to apply International Business Knowledge to practical ways of problem solution. Phase 3 Strategic Accounting This module looks at Strategic Cost Management (SCM) and how you can use cost data in a firm's internal and external. The main subjects will include the characteristics and tools of SCM. Treasury Management We’ll continue to expand your Corporate Finance skills with an international focus. We’ll explore futures, foreign exchange risk, exposure, portfolio theory and financial innovation.
This is the last financial management module. External Reporting This modules takes a closer look at a company’s financial accounting practices. You’ll explore subjects such as company law, guidelines on financial reporting and reporting on assets and liabilities (recognition and disclosure). Later on, we’ll look at how financial reporting varies globally and International Accounting Standards (IAS). Information Systems We'll address the effects of decision-making, the impact of information exchange and the associated information processing technologies, while looking at technological impacts. Subjects covered will include decision models, decision support systems, data banks, data mining, inter organizational information systems and B2B. Your project - Information Management You’ll hone your project management skills, including using quantitative and social techniques, in this project – as well as using accounting systems and ERP software. Phase 4 Strategic Financial Management Step into the shoes of a CFO and see how a customer-driven marketplace works. This module looks closely at strategy formulation, control systems and accounting. You’ll see the position of the Financial Controller in a changing internal and external environment. External auditing We’ll cover seven main elements: international auditing, the audit market, ethics for accountants, the audit process, client acceptance, internal control and audit reports. International Business Law Take a look at developments in international business and trade. Module topics will include self-regulation, international conventions, international corporate structures, and commercial arbitration. We’ll pay special attention to European Union regulations. International Corporate Taxes You’ll get an insight into worldwide tax systems and see the differences in corporate taxes on profits and capital gains. Topics covered will include: Tax Burden and International Competition, Tax Administration and Enforcement, Tax Policy, Tax Harmonisation (European Community) and Value Added Tax. The Controlling Profession We'll explore the full spectrum of Financial Controller's duties and responsibilities, working closely and productively with colleagues in business environments. Learn how to lead a team and develop your top-level presentation skills. Dissertation preparation This module lays the foundations for planning and organising your MAAC dissertation - due in the following semester. Take a look at how you can integrate your project work and develop project ideas - while meeting the all-important assessment criteria. By the end of the module, you’ll be able to submit a detailed proposal for your project. Learning philosophy Being prepared for the real world of business takes more than just knowledge. It’s also about developing the right attitudes and social skills to succeed. Working in teams, learning how to lead, taking the initiative. Self-study, group work and learning outside of the classroom are all an essential part of our philsophy. Knowledge We believe that knowledge is something to be shared – not just with our own students, but with the outside world. We’re always looking for new opportunities to exchange knowledge with people from other places, and we teach our students to do the same. Talent Having knowledge isn’t enough. You have to know how to use it, how to adapt and apply it to real situations. Our students learn not just how to think for themselves, but how to do for themselves. Practical experience and independent thinking are a big part of The Hague University experience. Diversity To discover new ways of thinking, you have to explore other people’s perspectives. We believe that diversity is absolutely essential to progress. We welcome different viewpoints here, through cross-cultural debate and collaboration.
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