Syllabus

Title
1704 S3ATA1 Advanced Topics in Management Accounting and Control
Instructors
Sabrina Hamr, MSc (WU)
Contact details
  • Type
    PI
  • Weekly hours
    2
  • Language of instruction
    Englisch
Registration
09/01/21 to 09/19/21
Registration via LPIS
Notes to the course
Subject(s) Master Programs
Dates
Day Date Time Room
Thursday 09/30/21 03:00 PM - 05:30 PM D4.0.136
Thursday 10/07/21 03:00 PM - 05:30 PM D4.0.136
Thursday 10/14/21 03:00 PM - 05:30 PM D4.0.136
Thursday 10/21/21 03:00 PM - 05:30 PM D4.0.136
Thursday 10/28/21 03:00 PM - 05:30 PM D4.0.136
Thursday 11/04/21 03:00 PM - 05:30 PM D4.0.136
Thursday 11/11/21 03:00 PM - 05:30 PM D4.0.136
Thursday 11/18/21 03:00 PM - 05:30 PM D4.0.136
Thursday 11/25/21 03:00 PM - 05:30 PM Online-Einheit
Thursday 12/09/21 03:00 PM - 05:30 PM Online-Einheit
Thursday 12/16/21 03:00 PM - 05:00 PM Online-Einheit

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: End of Seminar examination

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

Attendance requirements

80 % attendance rate

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 solutions of the problem sets are presented and discussed in the subsequent class.

Assessment

Assessment is based on:

  • 2 presentations of solutions to problem sets (each presentation consists of 20%) 40%
  • Online-quizzes 15%
  • End of seminar exam (45 minutes) 45%

Students need at least 50,5 % in total (presentations + quizzes + exam) to pass the course.

    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

    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

    Availability of lecturer(s)

    sabrina.hamr@wu.ac.at

    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: Written end of seminar examination

    Last edited: 2021-04-22



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