Management accounting and control systems are an essential prerequisite to manage larger corporations. Therefore, this course familiarizes students with essential management accounting systems (like activity-based costing, target costing, customer profitability analysis, balanced scorecard, benchmarking, early warning systems). Participants will not only develop a profound understanding of how these systems are designed, but also of how they can be used, implemented, and diffused successfully. Finally, the tasks and roles of the controller and the CFO will be discussed. The class combines interactive lectures with assignments, two practitioner presentations, and case work.