After completing this course, you will be able to:
1. Develop a sound plan to manage employees towards realizing the organizational objectives.
2. Detect misalignment of incentives in a particular organization and propose ways to address the misalignment of incentives.
3. Predict potential drawbacks of a particular management control system.
4. Develop the academic reasoning supporting your advice regarding a particular management control system.
5. Use skills that are needed to become a more efficient, effective, and thoughtful professional.
This course focuses on enabling managers, controllers and consultants of complex organizations to effectively exploit information to achieve organizational objectives. The objective of the course is to develop a sophisticated understanding of the powerful role of management control systems in aligning incentives between organizational parties in a timely, efficient and effective manner. We will not only cover traditional ways to align incentives (such as performance measures) but also discuss more modern ways to align incentives (such as leadership and social norms). We will also focus on the interaction between the different mechanisms that firms can use to align incentives. We will work towards the course objective by applying theory to real-life cases and analyzing examples of well-known organizations. This course is useful for anyone who aims to become better in strategy implementation (managers, controllers, and consultants) as well as for anyone who is tasked with evaluating strategy implementation (auditors, financial analysts).
The course consists of 13 interactive lectures of 90 minutes in a group of 80-90 students. The classes of Management Accounting & Control are Educated Conversations (ECs) during which I will guide you towards the realization of the class goals. The Educated Conversations will be based on what students have prepared on beforehand and the interactive class discussion.
Type of instructions
final written exam (45%) and assignments (55%)
Type of exams
students need to obtain a 5 (unrounded) for the final written exam to pass the course
The required readings consist of published papers in accounting, economics, and psychology. The papers can be downloaded via the library (for published papers) or will be made available via Blackboard (for working papers).