Syllabus

Title
2246 S3ATA1 Advanced Topics in Management Accounting and Control
Instructors
Univ.Doz. Dr. Katrin Weiskirchner-Merten, BSc.MSc.
Contact details
katrin.weiskirchner-merten@wu.ac.at
Type
PI
Weekly hours
2
Language of instruction
Englisch
Registration
09/05/19 to 09/22/19
Registration via LPIS
Notes to the course
Subject(s) Master Programs
Course I - Advanced Topics in Accounting
Dates
Day Date Time Room
Thursday 10/03/19 03:30 PM - 06:00 PM D4.0.136
Thursday 10/10/19 03:30 PM - 06:00 PM D4.0.133
Friday 10/18/19 11:30 AM - 02:00 PM D4.0.136
Thursday 10/24/19 03:30 PM - 06:00 PM D4.0.136
Thursday 10/31/19 03:30 PM - 06:00 PM D4.0.136
Thursday 11/07/19 03:30 PM - 06:00 PM D4.0.136
Thursday 11/14/19 03:30 PM - 06:00 PM D4.0.136
Thursday 11/21/19 03:30 PM - 06:00 PM D4.0.136
Tuesday 11/26/19 03:30 PM - 06:00 PM D4.0.127
Friday 12/06/19 03:30 PM - 06:00 PM D4.0.136
Friday 12/13/19 01:30 PM - 03:30 PM TC.3.03

On this page:

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Contents
  • Class 1: Economic Foundations - The Single Product Firm
  • Class 2: Economic Foundations - The Multiproduct Firm
  • Class 3: Accounting versus Economics
  • Class 4: A Closer Look at the Accountant´s Art
  • Class 5: The Modernism School
  • Class 6: Consistent Framing in a Strategic Setting
  • Class 7: Economic Foundations - Performance Evaluation
  • Class 8: Economic Foundations - Informative Performance Evaluation
  • Class 9: Accounting-Based Performance Evaluation
  • Class 10: End Game
  • Class 11: Written end of Seminar examination
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Learning outcomes
Technical Skills

This course enables students to:

  • Skillfully use accounting, accounting information, and the accounting system, as opposed to doing accounting

  • Reflect important concepts of accounting, like the meaning of the terms cost, controllability, internal control

  • Reflect the substantial value of accounting for decision making within the firm when the accounting information is carefully used & reflect the fatal and embarrassing errors that can occur when the accounting information is not carefully used

  • Scrutinize the rules, recipes, and handy guidelines for how to use and interpret accounting information in varying economic situations

  • Reflect how strategic interactions among competitors and among managers of a company affect the design and the use of the accounting system

  • Identify situations in which the information used to make a decision is not necessarily useful in evaluating the manager who made the decision

  • Reflect the impact of uncertainty and incomplete information on managerial decision making

Social skills

This course enables students to:

  • To scrutinize rules, recipes, and guidelines

  • Discuss possible solutions of problems, to evaluate arguments and to contribute to improve the process of problem solving

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Attendance requirements

80 % attendance rate

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Teaching/learning method(s)
The course consists of lectures, problem sets, discussions and self-study of selected management accounting issues. The Problem sets are delivered at the end of each class. The solution of the problem sets are presented and discussed in the subsequent class.
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Assessment

Assesemend is based on:

  • 2 presentations of solution to problem sets 40%
  • Acitve involvement in classes 15%
  • Written end of seminar exam (45 minutes) 45 %

Students need at least 50,5 % in total (presentations + in-class participation + ecam) to pass the course.

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Readings
1 Author: Demski, J.
Title: Managerial Uses of Accounting Information

Publisher: Springer
Edition: 2nd
Remarks: available as online resource WU library
Year: 2008
Content relevant for class examination: Yes
Recommendation: Essential reading for all students
Type: Book
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Recommended previous knowledge and skills
  • Students are expected to have studied intermediate/advanced courses of management accounting & control.
  •  7 (2) Studienplan für das Masterstudium Finanzwirtschaft und Rechnungswesen
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Availability of lecturer(s)
katrin.weiskirchner-merten@wu.ac.at
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Unit details
Unit Date Contents
1 Class 1

Class 1: EconomicFoundations – The Single Product Firm

At the end of the class a problem set is distributed.
Required reading for class 1:

Chapter 2 of Demski (2008)
2 Class 2

Class 2: EconomicFoundations – The Multiproduct Firm
At the beginning of the class the solutions of the problem set of class 1 arepresented and discussed. At the end of the class a new problem set isdistributed.
Required reading for class 2:

Chapter 3 of Demski (2008)
3 Class 3

Class 3: Accountingversus Economics

At the beginning of the class the solutions of the problem set of class2 are presented and discussed. At the end of the class a new problem set isdistributed.
Required reading for class 3:

Chapter 4 of Demski (2008)
4 Class 4

Class 4: A CloserLook at the Accountant’s Art

At the beginning of the class the solutions of the problem set of class3 are presented and discussed. At the end of the class a new problem set isdistributed.
Required reading for class 4:

Chapter 5 of Demski (2008)
5 Class 5

Class 5: TheModernism School

At the beginning of the class the solutions of the problem set of class4 are presented and discussed. At the end of the class a new problem set isdistributed.
Required reading for class 5:

Chapter 7 of Demski (2008)
6 Class 6

Class 6: ConsistentFraming in a Strategic Setting

At the beginning of the class the solutions of the problem set of class5 are presented and discussed. At the end of the class a new problem set isdistributed.
Required reading for class 6:

Chapter 10 (without 10.4 and 10.5) of Demski (2008)
7 Class 7

Class 7: EconomicFoundations – Performance Evaluation

At the beginning of the class the solutions of the problem set of class6 are presented and discussed. At the end of the class a new problem set isdistributed.
Required reading for class 7:

Chapter 13 of Demski (2008)
8 Class 8

Class 8: EconomicFoundations – Informative Performance Evaluation

At the beginning of the class the solutions of the problem set of class7 are presented and discussed. At the end of the class a new problem set isdistributed.
Required reading for class 8:

Chapter 14 of Demski (2008)
9 Class 9

Class 9: Accounting-BasedPerformance Evaluation

At the beginning of the class the solutions of the problem set of class8 are presented and discussed. At the end of the class a new problem set isdistributed.
Required reading for class 9:

Chapter 16 of Demski (2008)
10 Class 10

Class 10: End Game

At the beginning of the class the solutions of the problem set of class9 are presented and discussed.
Required reading for class 10:

Chapter 19 of Demski (2008)
11 Class 11

Class 11: Writtenend of seminar examination
Last edited: 2019-09-30



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