Strategic Management Accounting

Description

This course evaluates the following learning outcomes: The student 1.1 (ACC) analyses accounting-related operational problems and issues, with special attention to the business context. 1.3 (ACC) formulates, based on scientific insights in internal financial reporting, a well-motivated solution for accounting-related operational problems and issues in a specific business context. 2.2 (ACC) formulates, based on scientific insights in internal and external financial reporting, a well-motivated solution for accounting-related operational problems and issues, taking into consideration relevant stakeholders and environmental factors. 2.4 (ACC) formulates, based on scientific insights in internal and external financial reporting, a well-motivated argument regarding current accounting-related problems and issues. 3.1 (ACC) plans, organises and assesses management control processes with special attention to the business context. 3.3 (ACC) plans, organises and assesses processes w.r.t. internal and external financial reporting with special attention to the business context and the integration of different processes. 7.5 is critical and not afraid to question himself/herself and his/her environment. 10.1 (ACC) keeps up with recent trends in accounting-related themes, considering practitioner-oriented, policy-oriented, legal and scientific datasources. 10.2 (ACC) integrates practitioner-oriented, policy-oriented, legal and scientific information on specific accounting-related themes and formulates a well-motivated argument regarding the relevance of a specific theme for the organisation. 10.3 (ACC) reflects critically upon the implementation of important evolutions and innovations in internal and external financial reporting within the organisation, taking into consideration regulation and the specific business context. 11.3 actively looks for opportunities to broaden and deepen his/her knowledge, skills and competences, in order to anticipate the (evolving) requirements of the work environment. Upon completion of this course the student can use management accounting techniques to support decision control and decision-making (or facilitation).  Decision control is aimed at aligning the interests of organizational members with the goals and the strategy of the organization. The conventional control mechanisms will be discussed.  The other part deals with management accounting as a tool to facilitate decisions (e.g. pricing, activity based costing, quality costing, customer profitability analysis).  The course encourages critical thinking: it demonstrates a trade-off between an accounting system's decision-making ability and its use as a control device. point out the impact of management accounting on financial numbers (e.g. financial statements) as well as on subsequent human behavior. ERS Learining Goals Can handle uncertainty when making decisions. Is willing to consider multiple perspectives simultaneously Can explain and critically analyze the different ways of thinking about the future. Can handle change in an economic and business context.