In this course, we discuss fundamental issues of advanced management accounting and control in an international context. Based on basic knowledge on management and cost accounting, we identify important tools of managerial accounting, which are widely used in corporate practice all over the world. We focus on topics especially important for decentralized large international firms like transfer pricing and performance measurement & incentives and intensify knowledge about basic processes like budgeting and variance analysis. In this context we also address the increasing importance of non-financial information and its usage in management accounting. The course is based on an international textbook (Bhimani, Horngren, Datar, and Rajan, 2019) to allow for discussing all related topics in English.

Students develop a solid understanding of the advanced concept of management accounting and control in an international context, considering relevant topics including transfer pricing, performance measurement, budgeting, and variance analysis.

They gain insight into the questions of how and when management accounting tools may be helpful for controlling the firm. They develop skills to see the increasing need for management accounting tools in large decentralized companies and learn to judge the costs and benefits of the usage of different tools. In addition, they know about the importance of considering non-financial information in a managerial accounting related context.

Attendance is a basic requirement for continuous assessment courses (prüfungsimmanente Lehrveranstaltung (PI)). A maximum of 20% (1 out of 5) of lectures can be missed. In case of more than 20% absence, the course is failed and must be repeated.

Students are supposed to prepare for the lectures by reading the related chapters in the textbook. The course is based on going through the additional lecture material.

In the lectures, exercises will be discussed to deepen the understanding of the different topics. Students are actively involved in developing solutions during the lectures and can ask questions about the lecture material.

The assessment is based on:

40% Quiz (10% each)

15% Home Exercise

45% Final Exam

The grading system is structured as follows:

50.5 points: 4

63 points: 3

75.5 points: 2

88 points: 1

This course is a PI course with 80% attendance. Students who are not present in the first unit will be deregistered and the place will be given to some other student from the waiting list.

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