{"id":469,"date":"2014-11-10T10:57:29","date_gmt":"2014-11-10T10:57:29","guid":{"rendered":"http:\/\/sites.ipleiria.pt\/ipleiria-courses\/?post_type=course&p=469"},"modified":"2026-03-20T20:18:36","modified_gmt":"2026-03-20T20:18:36","slug":"master-in-management-control","status":"publish","type":"course","link":"https:\/\/www.ipleiria.pt\/en\/course\/master-in-management-control\/","title":{"rendered":"Management Control"},"content":{"rendered":"\n
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Management Control<\/h1>\n
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Course Type: <\/div>\n
Master\u2019s Programme<\/div>\n <\/div>\n <\/div>\n\n\n
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Programme Introduction<\/h2>\n
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The Master in Management Control aims to prepare the graduate for an easy and successful integration in the labor market (or an improvement of their organizational performance) in different contexts. Promote the acquisition and development of skills to play the graduate management functions, being a principal or member of team decision-making.<\/p>\n<\/div>\n

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Programme Coordinator<\/h2>\n
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Elisabete Fernanda Mendes Duarte
coord.mcg.estg@ipleiria.pt<\/a><\/p>\n<\/div>\n

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Reference\n<\/h2>\n
6848<\/div>\n
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School<\/h2>\n \n
Technology and Management<\/a><\/div>\n
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City<\/h2>\n \n
Leiria<\/a><\/div>\n
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Language<\/h2>\n
Portuguese<\/div>\n
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Type<\/h2>\n
Evening<\/div>\n
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Length<\/h2>\n
4 Semesters<\/div>\n
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Vacancies\n<\/h2>\n
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General and International student contingent: 35<\/p>\n<\/div>\n

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Notice<\/h2>\n
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Edital 2026<\/a> (PT Doc retf)<\/p>\n<\/div>\n

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DGES certification<\/h2>\n
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Link to Registration<\/a><\/p>\n<\/div>\n

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Objectives<\/h2>\n
Programme<\/div>\n<\/div>\n
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The generic objectives of the Master in Management Control are: identify, define and explain specific concepts in the area of Management Control, define and solve problems, applying concepts and theories in environments and situations related to the real world; analyze and distinguish different organizational contexts, collect, select, synthesize and communicate information in a professional manner; learn independently throughout their lives in the area of management control.<\/p>\n

Prepare the graduate for an easy and successful integration in the labor. Promote the acquisition and development of skills to play the graduate management functions, being a principal or member of team decision-making.<\/p>\n<\/div><\/div><\/div><\/div>\n<\/div>\n<\/div>\n<\/div><\/div><\/div>\n\n\n\n

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Study Plan<\/h2>\n
ECTS: 120<\/div>\n <\/div>\n \n \n
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  1. 1st Year<\/li>\n
  2. 2nd Year<\/li>\n <\/ol>\n
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    1st Year<\/caption>\n
    ID<\/th>\n Name<\/th>\n Semester<\/th>\n ECTS<\/th>\n Length<\/th>\n <\/tr>\n <\/thead>\n
    \n \n <\/td>\n \n \n Management Control Systems\n <\/a>\n <\/td>\n \n 1st Semester\n <\/td>\n \n 5\n <\/td>\n \n 30 h\n <\/td>\n <\/tr>\n
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    1. Strategy, management control and value creation<\/li>
    2. Financial information for management control<\/li>
    3. Accountability for results<\/li>
    4. Planning, budgeting and budgetary control<\/li>
    5. Monitoring of performance management<\/li><\/ol>\n<\/td><\/tr>\n
    \n \n <\/td>\n \n \n Advanced Strategic Management\n <\/a>\n <\/td>\n \n 1st Semester\n <\/td>\n \n 5\n <\/td>\n \n 30 h\n <\/td>\n <\/tr>\n
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    1. Strategic Management<\/li>
    2. Strategic analysis tools<\/li>
    3. Trends, Scenarios & Strategic Exploration of the Future<\/li>
    4. New business models<\/li><\/ol>\n<\/td><\/tr>\n
    \n \n <\/td>\n \n \n Quantitative Methods for Management\n <\/a>\n <\/td>\n \n 1st Semester\n <\/td>\n \n 5\n <\/td>\n \n 30 h\n <\/td>\n <\/tr>\n
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    1. Introduction to SPSS<\/li>
    2. Univariate Analysis
      1. Point and interval estimation.<\/li>
      2. Hypothesis tests.<\/li><\/ol><\/li>
      3. Multivariate Analysis
        1. Regression.<\/li>
        2. Factor analysis (principal components method).<\/li>
        3. Clusters analysis.<\/li><\/ol><\/li>
        4. Time Series and Forecast
          1. Decomposition.<\/li>
          2. The Box-Jenkins forecast technique.<\/li>
          3. Modeling conditional heterocedasticity.<\/li><\/ol><\/li><\/ol>\n<\/td><\/tr>\n
    \n \n <\/td>\n \n \n Accounting and Reporting\n <\/a>\n <\/td>\n \n 1st Semester\n <\/td>\n \n 5\n <\/td>\n \n 30 h\n <\/td>\n <\/tr>\n
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    1. Accounting Standardisation System (SNC)
      1. Basis for presentation of financial statements<\/li>
      2. Conceptual Framework<\/li>
      3. Models of financial statements<\/li><\/ol><\/li>
      4. Financial Statements
        1. Identification and analysis<\/li>
        2. Aims and objectives<\/li>
        3. Preparation and presentation in accordance with NCRF<\/li>
        4. Reading the financial statements and review<\/li><\/ol><\/li>
        5. Financial Reporting
          1. Recipients of financial information<\/li>
          2. Changes in accounting policies, changes in accounting estimates and errors<\/li>
          3. Events after the balance sheet date<\/li>
          4. Management report<\/li>
          5. Statutory Auditor<\/li>
          6. Disclosure of accounting documents<\/li><\/ol><\/li>
          7. Integrated Reporting (financial and non financial information)<\/li><\/ol>\n<\/td><\/tr>\n
    \n \n <\/td>\n \n \n Management Control and Internal Control\n <\/a>\n <\/td>\n \n 1st Semester\n <\/td>\n \n 5\n <\/td>\n \n 30 h\n <\/td>\n <\/tr>\n
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    1. Different approaches to management control<\/li>
    2. Agency theory, value and knowledge management<\/li>
    3. Risk management<\/li>
    4. Components, objetives e limitations of an internal control system<\/li>
    5. Internal control and internalization<\/li>
    6. Internal control and corporate governance<\/li>
    7. Internal control and digital transformation<\/li>
    8. Internal control and sustainability<\/li>
    9. Benchmarking and internal control<\/li><\/ol>\n<\/td><\/tr>\n
    \n \n <\/td>\n \n \n Knowledge Management and Quality\n <\/a>\n <\/td>\n \n 1st Semester\n <\/td>\n \n 5\n <\/td>\n \n 30 h\n <\/td>\n <\/tr>\n
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    1. Different approaches to management control<\/li>
    2. Agency theory, value and knowledge management<\/li>
    3. Risk management<\/li>
    4. Components, objetives e limitations of an internal control system<\/li>
    5. Internal control andinternalization<\/li>
    6. Internal control and corporate governance<\/li>
    7. Internal control and digital transformation<\/li>
    8. Internal control and sustainability<\/li>
    9. Benchmarking and internal control<\/li><\/ol>\n<\/td><\/tr>\n
    \n \n <\/td>\n \n \n Company's Financial Evaluation\n <\/a>\n <\/td>\n \n 2nd Semester\n <\/td>\n \n 5\n <\/td>\n \n 30 h\n <\/td>\n <\/tr>\n
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    1. Introduction<\/li>
    2. Company’s aims and agency problems<\/li>
    3. Financial information’s quality<\/li>
    4. Risk analysis<\/li>
    5. Value creation analysis<\/li><\/ol>\n<\/td><\/tr>\n
    \n \n <\/td>\n \n \n Risk Management and Evaluation\n <\/a>\n <\/td>\n \n 2nd Semester\n <\/td>\n \n 5\n <\/td>\n \n 30 h\n <\/td>\n <\/tr>\n
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    1. Risk management in a business context
      1.1. Risk
      1.2. Types of Risk
      1.3. Hedging and risk
      1.4. Motivations for risk management
      1.5. ERM – Enterprise Risk Management – an integrated vision<\/li>
    2. Interest rate risk management
      2.1. The Interest rate risk \u2013 notions
      2.2. Interest rate term structure
      2.3. Measures of exposure to interest rate
      2.4. Hedging interest rate risk<\/li>
    3. Currency risk Management
      3.1 Exchange Rates: concepts and notions
      3.2. Foreign exchange risk management<\/li>
    4. Derivatives and Risk Management
      4.1. Rating financial risk
      4.2. Derivatives application to financial risk hedging<\/li><\/ol>\n<\/td><\/tr>\n
    \n \n <\/td>\n \n \n Project Management\n <\/a>\n <\/td>\n \n 2nd Semester\n <\/td>\n \n 5\n <\/td>\n \n 30 h\n <\/td>\n <\/tr>\n
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    Module 1 \u2013 Introduction to Project Management: General Concepts; Elements of Management
    Module 2 \u2013 Project Conception: Identification of the problem to be solved; Change Theory; Construction of the proposed solution; Integration; Communication and stakeholders
    Module 3 \u2013 Agile Techniques: Agile Manifesto; Main techniques; Comparison with the traditional approach
    Module 4 \u2013 Project planning: scope and quality, resources and time, costs, risks
    Module 5 \u2013 Monitoring, evaluation and feedback: definitions, tools and monitoring and evaluation techniques; Project closure.<\/p>\n<\/td><\/tr>\n

    \n \n <\/td>\n \n \n Option I\n <\/a>\n <\/td>\n \n 2nd Semester\n <\/td>\n \n 5\n <\/td>\n \n 30 h\n <\/td>\n <\/tr>\n
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    Students must choose one of the following curricular units:<\/p>\n\n\n\n

    • Asset Evaluation<\/strong><\/li><\/ul>\n\n\n\n
      1. Evaluating closed companies.
        1.1. Cash flow growth rate.
        1.2. Discounted cash flow models.
        1.3. Determination of the required rate of return.<\/li>
      2. Real estate appraisal.
        2.1. Introductory concepts.
        2.2. Real estate appraisal models.
        2.2.1. Traditional methods: comparative method, the cost method, income method.
        2.2.2. Advanced methods: Hedonic pricing model.<\/li>
      3. Intangible Assets Valuation \u2013 an overview.
        3.1. Brand Valuation and firm value.
        3.2. Patents valuation.<\/li><\/ol>\n\n\n\n
        • Business Intelligence and Analytics<\/strong><\/li><\/ul>\n\n\n\n
          1. Introduction to Business Intelligence
            1.1. Framework and importance;
            1.2. Project development cycle;
            1.3. Application cases.<\/li>
          2. Introduction to data modeling
            2.1. Operating and analytical systems;
            2.2. Relational model;
            2.3. Dimensional model;<\/li>
          3. Data integration and preprocessing
            3.1. Data types;
            3.2. Data collection process and definition of metadata;
            3.3. Data pre-processing: cleaning, transformation and integration.<\/li>
          4. Data Analytics and Data Visualization:
            4.1. Visual processing and perception;
            4.2 Types of graphs, their function and selection factors;
            4.3. Identify, develop, implement and use KPIs.
            4.4. Construction of interactive dashboards and scoreboards;
            4.5. Construction of a temporal intelligence mechanism.<\/li>
          5. Presentation, communication and storytelling:
            5.1. Identify what they express and what to convey about the data;
            5.2. Structure narratives for target audiences;
            5.4. Communicate the data story with context and direction.<\/li><\/ol>\n\n\n\n
            • Leadership and Team Management<\/strong><\/li><\/ul>\n\n\n\n

              1 – Communication
              1.1 communicational skills
              1.2 Language, corporeality and emotions
              1.3 Active and empathetic listening
              1.4 Feedback
              2- Commitment and Motivation
              2.1 Commitment: Determinants and consequences
              2.2 Basic assumptions of motivation 2.3 Practical applications
              3.- Leadership
              3.1 – Typology of leadership conceptions
              3.2 – Leadership styles
              3.3 – Authentic Leadership
              3.4 – Strengths and virtues of the leader
              4- Teamwork
              4.1 – Potential and risk of teamwork
              4.2 – Constitution of the team
              4.3 – Team development and evaluation
              5- Organizational virtuosity and individual and team performance<\/p>\n\n\n\n

              • Business and Financial Strategy<\/strong><\/li><\/ul>\n\n\n\n
                1. Introduction: Framework of International Finance: Why International Financial Management, International Monetary System, Foreign Exchange Market, Currencies and Exchange Rates;<\/li>
                2. Exchange Rates: direct and indirect quotation, cross exchange rate, spot and forward exchange rate; bilateral and triangular arbitrage;<\/li>
                3. Exchange risk management, arbitration mechanisms, currency swaps, currency options;<\/li>
                4. International capital markets: framework, integration of international capital markets;<\/li>
                5. International portfolio management, international diversification: traditional and contemporary views.<\/li><\/ol>\n<\/td><\/tr>\n
    \n \n <\/td>\n \n \n Business Auditing\n <\/a>\n <\/td>\n \n 2nd Semester\n <\/td>\n \n 5\n <\/td>\n \n 30 h\n <\/td>\n <\/tr>\n
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    1. The role of the auditor in society<\/li>
    2. Standards and approach process<\/li>
    3. Risks and audit procedures<\/li>
    4. Professional ehics, fraud and materiality<\/li>
    5. Audit reports
      Report on internal auditing
      Report on financial auditing
      Report on non-financial information<\/li><\/ol>\n<\/td><\/tr>\n
    \n \n <\/td>\n \n \n Management Control Instruments\n <\/a>\n <\/td>\n \n 2nd Semester\n <\/td>\n \n 5\n <\/td>\n \n 30 h\n <\/td>\n <\/tr>\n
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    1. Introduction<\/li>
    2. Monitoring of performance management<\/li>
    3. The strategic dimension of Management Control<\/li>
    4. The Balanced Scorecard<\/li>
    5. Strategy Maps<\/li>
    6. Management Control of Projects<\/li>
    7. Technology and management control<\/li><\/ol>\n<\/td><\/tr>\n <\/tbody>\n <\/table>\n <\/div>\n <\/div>\n
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      2nd Year<\/caption>\n
      ID<\/th>\n Name<\/th>\n Semester<\/th>\n ECTS<\/th>\n Length<\/th>\n <\/tr>\n <\/thead>\n
      \n \n <\/td>\n \n \n Methodology and Research Project in Management Control\n <\/a>\n <\/td>\n \n 1st Semester\n <\/td>\n \n 8\n <\/td>\n \n 45 h\n <\/td>\n <\/tr>\n
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      1. Knowledge and knowledge development<\/li>
      2. Scientific Method<\/li>
      3. Scientific Research: characteristics, classification and stages<\/li>
      4. Responsibility and ethical challenges in scientific research<\/li>
      5. Structure of a research project<\/li>
      6. Operationalization of the research project: definition of the theoretical framework, collection and processing of data<\/li>
      7. Writing and presentation of the research project and results obtained<\/li><\/ol>\n<\/td><\/tr>\n
      \n \n <\/td>\n \n \n Dissertation \/ Project \/ Internship in Management Control\n <\/a>\n <\/td>\n \n Annual\n <\/td>\n \n 5\n <\/td>\n \n \n <\/td>\n <\/tr>\n
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      Students must choose one of the following electives:<\/p>\n\n\n\n