ME4: Accounting & Economics

Lecturer

Prof. Dr. Robert Göx

Prof. Dr. Dieter Pfaff

Point of contact

Part of Prof. Göx: Dr. Negin Attar-Niggemann

Prof. Dr. Dieter Pfaff: Dr. Patricia Ruffing-Straube

Lecture ID

03SM22MO0004

Category

Lecture with Practical Exercises

Language

English

Credits

3 ECTS

Course of Studies

Master of Arts in Business and Economics

Components

M: OEC elective area

M: Compulsory area: Management and Economics

M: Core elective area: Accounting, Auditing and Governance (BWL1)

Assessment

The examination for the module takes place as a Bring Your Own Device (BYOD) online exam on site on Tuesday, 17.12.2024 between 12:30 and 13:30h.

Date / Time / Room

Course Description

This course covers both financial and managerial accounting theory, with an emphasis on the role of accounting as an information source and its usefulness for facilitating and influencing decision making. Focusing on the different needs of different user groups (such as investors, firms or managers), the course discusses fundamental concepts from financial and managerial accounting and applies them to a series of economic problems. Topics include firm valuation, incentive contracting, budgeting, transfer pricing and earnings management. Related to these topics, some current practices and problems will be discussed.

Course Objectives

• Evaluate the relative usefulness of accounting information for valuation purposes and incentive contracting

• Identify potential conflicts of interests between different uses of accounting Information

• Use management accounting information for performance evaluation (budgeting, transfer pricing, incentive schemes)

• Understand the economic role of financial accounting to reduce incentive problems between a firm and their stakeholders

• Understand the basic determinants of voluntary disclosure

Target Groups

Master Students

Course Materials and Literature

Course materials and lecture notes will be available on the course website. A reading list will be provided in the lecture notes.