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CM AS51 - Accounting and Control* - CLOSED FOR FURTHER ENROLLMENT

Faculty
Ivar Friis
Course Coordinator
Ivar Friis
Prerequisite
Completed bachelor degree
Aim of the course
The objective of the course is to provide the students with an opportunity to learn to apply qualifications (knowledge and skills) in agency and behavioral theory to control problems in firms.
Course content, structure and teaching
Accounting is used as an important tool to influence decision making in firms. Accounting carries information of costs and benefits to decentralized decision makers, and thereby provides them with information which ideally helps them make decisions that are aligned with the firm’s interest.
The course contains the following core elements:
  • Introduction to the elements of accounting as a control device
  • Understand the difference between control and decision making and coordination and motivation.
  • Transfer pricing.
  • Responsibility centers (profit centers, cost centers).
  • Cost allocation.
  • Budgetting.
The course's development of personal competences
Through debate and dialog the student will develop oral and presentation skills. Since case preparation and presentation is conducted in teams the students develop cooperative skills.
Learning Objectives
At the exam the students must be able to:
  • Understand, describe structure and combine the various concepts, which are used in the course.
  • Show how these concepts can be used to identify problems concerning the control of firms
  • Show an ability to look critically on the various proposed solutions to a control problem
Type of examination, exam aids and assessment
Individual oral examination
Teaching methods
Research and theory based dialog lectures are mixed with exercises and cases. The lectures provide the students with the necessary understanding of purpose and content of the different control techniques and the theoretical assumptions they are based on. Through the use of cases the students learn to apply theory and techniques for control purposes in practice.
Involvement of the students is an important part of the learning principle. This done through dialog, casework and presentations.
Course literature
  • Zimmerman, J. (2008): ‘Accounting for Decision Making and Control’ McGraw-Hill Selected articles

Last updated by CBS International 25/06/2010