Man­age­ment Con­trol

Course content

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.
Accounting is seen 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. 

Contents:
The course contains the following core elements:
Introduction to the elements of accounting as a control device
Difference between control and decision making and coordination and motivation.
Transfer pricing.
Responsibility accounting.
Cost allocation.
Budgeting.

Standard Costs and variances.