ACC/
Contents
An organization’s long-term competitive success depends critically on the availability and efficient use of information about its products, services, processes, organizational units, suppliers, customers, and its social and environmental performance. Managerial accounting encompasses the concepts, models, and systems that provide managers with the information needed to achieve both financial and non-financial (ESG) goals. The course will familiarize participants with the terminology and basic concepts of managerial control systems. The topics range from forward-looking tools such as forecasting, planning, and budgeting to the analysis of cost information for decision-making and ex-post performance measurement. The design and use of those internal reporting systems varies substantially across different firms and industries and is closely interlinked with a firm’s governance and control systems. To shed light on these different governance practices, the course integrates a number of real-world cases. Applications cover the manufacturing, the services, and the financial industry.
Learning outcomes
Students will become familiar with advanced issues in managerial accounting and understand the use of financial and non-financial (ESG) information in managerial decision-making. Students will also develop a thorough understanding of management control systems and managerial incentives.
Necessary prerequisites
–
Recommended prerequisites
Bachelor-level knowledge of cost accounting
| Forms of teaching and learning | Contact hours | Independent study time |
|---|---|---|
| Lecture | 2 SWS | 6 SWS |
| Exercise class | 2 SWS | 4 SWS |
| ECTS credits | 5 |
| Graded | yes |
| Workload | 150h |
| Language | English |
| Form of assessment | Written Exam (90 Minutes) |
| Restricted admission | no |
| Further information | Will be counted towards ACC. This class is complemented by the case study class “ACC/MAN 561: Managerial Accounting Case Study” |
Examiner Performing lecturer |  | Prof. Jannis Bischof Prof. Dr. Jannis Bischof |
| Frequency of offering | Spring semester |
| Duration of module | 1 semester |
| Range of application | M.Sc. MMM, M.Sc. Bus. Edu., M.Sc. Econ., M.Sc. Bus. Inf., LL.M., MAKUWI, M.Sc. MMFACT, M.Sc. MMOSCM |
| Preliminary course work | – |
| Program-specific Competency Goals | CG 1, CG 3 |
| Literature | Recommended Textbooks: • Brickley, J.A., Smith, C.W., & Zimmerman, J.L., 2021 [B/S/Z]: Managerial economics and organizational architecture, 7th edition, New York / US: McGraw-Hill. ISBN: 978-1-260-57121-9. • Datar, S.M., & Rajan, M.V., 2021 [D/R]: Horngren’s cost accounting: a managerial emphasis, 17th edition, Harlow / UK: Pearson Education. ISBN: 978-1-292-36316-5. • Merchant, K., & Van der Stede, W., 2017 [M/VDS]: Management control systems: performance measurement, evaluation, and incentives, 4th edition, Harlow / UK: Pearson Education. ISBN: 978-1-292-11058-5. Complementary Readings: • Weber, J., Schäffer, U., & Binder, C., 2020: Einführung in das Controlling: Übungen und Fallstudien mit Lösungen, 4th edition, Stuttgart / DE: Schäffer-Poeschel Verlag. ISBN: 978-3-791-04337-1. |
| Course outline | The course is organized into three main parts: (1) Fundamentals and Terminology of Managerial Accounting (2) Budgeting and Forecasting (3) Performance Measurement and Analysis |