Syllabus
Registration via LPIS
| Day | Date | Time | Room |
|---|---|---|---|
| Tuesday | 12/04/18 | 01:00 PM - 05:00 PM | TC.2.03 |
| Tuesday | 12/11/18 | 01:00 PM - 04:30 PM | TC.2.03 |
| Tuesday | 12/18/18 | 01:00 PM - 04:30 PM | TC.2.03 |
| Tuesday | 01/08/19 | 08:30 AM - 12:00 PM | EA.6.026 |
| Tuesday | 01/15/19 | 08:30 AM - 12:00 PM | EA.6.032 |
| Tuesday | 01/22/19 | 08:30 AM - 12:00 PM | TC.5.15 |
| Saturday | 01/26/19 | 09:00 AM - 11:00 AM | TC.0.04 |
In this course we discuss fundamental issues of advanced management accounting and control in an international context. Based on the knowledge of the courses AMC1 and AMC 2 we identify important tools of management accounting which are widely used in corporate practice all over the world. Starting with the planning and control cycle (budgeting, variance analysis) we focus also on topics especially important for decentralized large international firms like transfer pricing and performance measurement & incentives. 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 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. 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. They learn to judge the costs and benefits of the usage of different management accounting tools. They know aboutthe importance of considering non-financial information in management accounting.
The theoretical grounding is discussed in a lecture. In addition, problem sets and exercises are used to illustrate and deepen the issues discussed. Students are actively involved in developing solutions of the problem sets and exercises.
Assessment is based on:
Quizzes (in some sessions of the course without prior notice):
4 Quizzes 10 %
1 Quiz 15 %
Written-end of Seminar exam (last session of the couse):
45 %
In order to pass the course, students are required to achieve more than 50 % of the total reachable points.
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.
Basic knowledge of Cost Accounting and Management Accounting (AMC 1, AMC 2).
| Unit | Date | Contents |
|---|---|---|
| 1 | The basic concept of Management Accounting & Control Transfer Pricing : Required Reading: Bhimani, A./Horngren, C.T/Datar, S.M./Rajan, M.V.: Management and Cost Accounting, 6th edition, 2015, Chapter 18 |
|
| 2 | Transfer Pricing continued Required Reading: Bhimani, A./Horngren, C.T/Datar, S.M./Rajan, M.V.: Management and Cost Accounting, 6th edition, 2015, Chapter 18 |
|
| 3 | Performance Measurement, Incentives and Compensation: Required Reading: Bhimani, A./Horngren, C.T/Datar, S.M./Rajan, M.V.: Management and Cost Accounting, 6th edition, 2015, Chapter 19, Chapters 20 and 22 Anthony, R.N./Govindarajan, V.: Management Control Systems, 12th edition, 2007,Chapters 11-12 |
|
| 4 | The Masterbudget Required Reading: Bhimani, A./Horngren, C.T/Datar, S.M./Rajan, M.V.: Management and Cost Accounting, 6th edition, 2015, Chapter 1 Bhimani,A./Horngren, C.T/Datar, S.M./Rajan, M.V.: Management and Cost Accounting, 5thedition, 2011, Chapter 14 |
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| 5 | The Masterbudget continued Required Reading: Bhimani, A./Horngren, C.T/Datar, S.M./Rajan, M.V.: Management and Cost Accounting, 6th edition, 2015, Chapter 14 |
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| 6 | Flexible Budgets and Variance Analysis Required Reading: Bhimani, A./Horngren, C.T/Datar, S.M./Rajan, M.V.: Management and Cost Accounting, 6th edition, 2015, Chapters 15, 16 |
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| 7 | Written Exam |
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