Content of Executive Master of Finance & Control/Registered Controller (EMFC)
The Executive Master of Finance & Control/Registered Controller consists of 4 semesters of 5 months each. Each semester covers academic subjects, business projects and practical skills. You finish the program with a Master’s thesis on a real-world management control problem in your own organization.
The program starts with Internal Control and Accounting Information Systems. This module is all about risks and how to avert and minimize their adverse impact. The first semester focuses on the reliability of financial information. The Management Accounting & Control module mainly examines how accounting information can prompt desired behavior in the employees of the organization. These two modules lay a solid foundation for the following semesters.
This semester continues with Internal Control & Accounting Information Systems, mainly by zooming in on strategic and business risks, as well as the impact of IT trends. It also looks at strategic management and the related question of how to ensure that strategic goals are actually achieved. In Corporate Real Estate and Finance, instructors translate current financial issues into the modern controller’s professional field. The semester ends with a brief module on how to conduct a high-quality audit on an organization.
Financial Accounting and Reporting covers external reporting for organizations, largely based on information prepared by the controller. This means that proper knowledge, understanding and skills and the right attitude towards this topic are critical for registered accountants (“RAs”) and treasurers as well as for controllers. The Tax Law module expands on legal and fiscal principles. This covers the international perspective, to provide support in the international reporting and financing that involves controllers. In Corporate Law, we look at specific case studies and current case law to examine the responsibility and liability of directors, supervisory board members and shareholders.
One of the challenges facing modern controllers is big data (analytics). The Information Management module takes a practical approach to this, with topics like blockchain, IT investments, data-driven work, and IT governance. Production and Logistics Management provides a clear understanding of the importance of integral chain management, with the use of a management game. TIAS strives for final graduation projects that impact the organization: which is why this semester also includes a module on Change and Implementation.
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The program lasts for 22 months and consists of 4 semesters, each lasting around 13 weeks.
During the semesters, students will attend weekly lectures from 9:00 am to 5:00 pm on a set day. The program starts twice a year: once in the fall in Tilburg, with Friday as the lecture day, and once in Utrecht in the spring, with Monday as the lecture day.
The program contents do not differ between the two locations. The team of instructors is also practically the same.
The workload during the semester is estimated at 16 to 20 hours a week (including lectures). The 22 months of the program also include several breaks.
The program boasts a high success rate: 70 to 90 percent of participants earn their EMFC diploma within 2 years of starting.
Graduates of this Executive Master program are awarded the protected title of “Executive Master of Finance and Control” (“EMFC” after their name). Because this program is accredited by the Accreditation Organization of the Netherlands and Flanders (the “NVAO”) as a Master of Science, you may also use the internationally recognized title “MSc”. You also enjoy automatic admission to the Register of the Netherlands Association of Registered Controllers (the “VRC”), after which you can use the professional title “RC”.
A word from our Academic Director
“As the Academic Director, I see how financial professionals develop themselves in every program. They gradually start asking different questions, and exploring new approaches to solutions. Not only do they become excellently versed in finance and control, they also grow into the role of business partner for the Management of their organization. This means the added value of participants starts growing during the program itself. The program is challenging, but our unique approach is proven to minimize delayed graduation and dropping out. This program is our shared investment. We’ll be happy to tell you more!”
Prof.dr.ir. Michael Corbey