ACCOUNTING AND CONTROL
Dr. Raili Pollanen
Office: 820 DT, Tel. 520-2600, Ext. 2376
Office Hours: Fridays, 11:30 – 12:30 and by Appointment
Lectures: Fridays, 8:35 – 11:25, Location LA B146.
BUSI 3008 with a grade of C- or higher.
The School of Business enforces all prerequisites.
This course focuses on managerial planning and control systems using the case method. It extends the concepts covered in the intermediate management accounting course and also integrates relevant contextual issues from other functional areas of organizations. The design of budgeting, cost management, performance measurement, performance evaluation, and reward systems, as well as governance and ethical issues, are examined. Emphasis is placed on the need for different control techniques and systems in different types of organizations and for balanced integrated systems, comprising both financial and nonfinancial controls and measures. LEARNING OBJECTIVES:
1. Understand advanced management control concepts, techniques, and practices applicable to private, non-profit, and public organizations.
2. Identify management control problems related to cost management, budgeting, performance measurement, performance evaluation, and reward systems, as well as, governance and ethics, in private, non-profit, and public organizations. 3. Identify and apply appropriate management control techniques to remedy management control problems in private, non-profit, and public organizations. 4. Analyse and evaluate an organization’s management control systems and practices, considering relevant organizational and environmental factors. 5. Based on analyses conducted, recommend appropriate managerial actions and improvements to management control systems.
6. Write well researched and justified professional reports individually and in groups. 7. Present the results and arguments in an effective manner and defend recommended courses of actions.
BUSI 4008 Advanced Management Accounting and Control
Kenneth A. Merchant and Wim A. Van der Stede, Management Control Systems: Performance Measurement, Evaluation and Incentives, 3nd Ed., Prentice-Hall, 2012. Additional required readings as listed on the course WebCT.
Teaching methodology for this course encompasses assigned readings, case analyses, case presentations and discussions in class, and a group project. Students are expected to read the assigned chapter(s), to discuss the assigned cases in groups before each class, and to prepare written analyses and presentations of selected cases. The cases are then discussed in class to highlight and clarify key concepts. Students, working in groups, also apply these concepts to an actual organization of their choice.
The primary role of the instructor in this course is to facilitate student learning by helping students understand and apply key concepts and by providing them with regular feedback on their progress. It should be emphasized that diligent independent preparation of cases before class and active participation in class discussions are crucial to the development of effective problem solving skills in this field and to perform well in the course. EVALUATION METHODS:
Class Participation/Assignments – Individual
Project Outline – Group
Class Case Outlines – Group (2 x 5%)
Presentation Case – Group (individual dates, as assigned)
Project Report – Group
Final Exam Case – Individual (formally scheduled time)
Class Participation/Assignments. Participative activities or exercises are conducted periodically in class, some in small groups, and may require brief written answers to be handed in. Marks are not awarded for mere class attendance; active participation in these...