Syllabus

Title
1455 Specialization in Business Administration Course III - Advanced Management Accounting
Instructors
Dr. Mariana Sailer
Contact details
https://www.wu.ac.at/uco
  • Type
    PI
  • Weekly hours
    2
  • Language of instruction
    Englisch
Registration
11/22/21 to 11/26/21
Registration via LPIS
Notes to the course
Subject(s) Bachelor Programs
Dates
Day Date Time Room
Thursday 12/09/21 09:00 AM - 12:30 PM Online-Einheit
Tuesday 12/14/21 08:00 AM - 11:30 AM Online-Einheit
Tuesday 12/21/21 09:00 AM - 12:30 PM Online-Einheit
Tuesday 01/11/22 08:00 AM - 11:30 AM D3.0.225
Tuesday 01/18/22 10:00 AM - 01:30 PM TC.1.02
Wednesday 01/26/22 04:00 PM - 06:00 PM TC.0.10 Audimax

Contents

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. 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, Horngreen, Datar, and Rajan 2019) to allow for discussing all related topics in English.

You need to be able to use Excel or a similar calculation programme!

Learning outcomes

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 and learn to judge the costs and benefits of the usage of different management accounting tools. Additionally, they know about the importance of considering non-financial information in management accounting.

Attendance requirements

80%

Teaching/learning method(s)

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

In the teaching sessions, we will do excercises  together to deepen the understanding of the different topic. Students are actively involved in developing solutions during the lecture. In addition, they can ask targeted questions about the readings and the additional lecture material.

By means of home exercises, students recap the course’s content.

Assessment

The assessment is based on:

Online Quizzes (10 minutes; beginning at the starting time of course session)

4 Quizzes, total of 25 %

Home exercises (to be uploaded at learn@wu):

4 Exercises, total of 30 %

Final exam:

45 %

Prerequisites for participation and waiting lists

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.

Readings

1 Author: Bhimani, A./Horngren, C.T/Datar, S.M./Rajan, M.V.
Title:

Management and Cost Accounting


Edition: 7
Year: 2019
Content relevant for class examination: Yes
Recommendation: Essential reading for all students
Type: Book
2 Author: Drury, C.
Title:

Management and Cost Accounting


Edition: 10
Year: 2017
Content relevant for class examination: Yes
Recommendation: Strongly recommended (but no absolute necessity for purchase)
Type: Book

Recommended previous knowledge and skills

Basic knowledge of Cost Accounting and Management Accounting (AMC 1, AMC 2).

Knowledge of how to use Excel or a comparable calculation programme.

Availability of lecturer(s)

Unit details

Unit Date Contents
1 1.0

The basic concept of Management Accounting & Control

Required Reading: Bhimani, A./Horngren, C.T/Datar, S.M./Rajan, M.V.: Management and Cost Accounting, 7th edition, 2019, Chapter 1

Transfer Pricing

Required Reading: Bhimani, A./Horngren, C.T/Datar, S.M./Rajan, M.V.: Management and Cost Accounting, 7th edition, 2019, Chapter 18

2

Transfer Pricing continued

Required Reading: Bhimani, A./Horngren, C.T/Datar, S.M./Rajan, M.V.: Management and Cost Accounting, 7th edition, 2019, Chapter 18

Performance Measurement, Incentives and Compensation

Required Reading: Bhimani, A./Horngren, C.T/Datar, S.M./Rajan, M.V.: Management and Cost Accounting, 7th edition, 2019, Chapter 19

3

Performance Measurement, Incentives and Compensation continued

Required Reading: Bhimani, A./Horngren, C.T/Datar, S.M./Rajan, M.V.: Management and Cost Accounting, 7th edition, 2019, Chapter 19

Anthony, R.N./Govindarajan, V.: Management Control Systems, 12th edition, 2007,Chapters 11-12

The Masterbudget

Bhimani,A./Horngren, C.T/Datar, S.M./Rajan, M.V.: Management and Cost Accounting, 7thedition, 2019, Chapter 14

4

The Masterbudget continued

Bhimani,A./Horngren, C.T/Datar, S.M./Rajan, M.V.: Management and Cost Accounting, 7thedition, 2019, Chapter 14

Flexible Budgets and Variance Analysis

Required Reading: Bhimani, A./Horngren, C.T/Datar, S.M./Rajan, M.V.: Management and Cost Accounting, 7th edition, 2019, Chapters 15, 16

5

Flexible Budgets and Variance Analysis continued

Required Reading: Bhimani, A./Horngren, C.T/Datar, S.M./Rajan, M.V.: Management and Cost Accounting, 7th edition, 2019, Chapters 15, 16

6

Written exam

Last edited: 2021-05-18



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