International Management Accounting with Prof. Dr. Marc Beutner
This course led by Prof. Dr. Marc Beutner explores topics in international accounting, sustainable finance, and management practices. Students will delve into cost accounting, budgeting, performance measurement, financial statements, investment valuation, and more. By the end of the course, students will have a comprehensive understanding of managing accounting in multinational settings and be equipped with essential skills in financial analysis and decision-making.
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Prof. Dr. Marc Beutner TH K ln 1st Lecture Part 1 BA International Business SoSe 2024 Folie: 1
About our Course CourseTitle: International Management Accounting Prof. Dr. Marc Beutner Lecturer 4 ECTS Credits: 4 Contact Hours /Week (April 08th July 1st, 2024) Folie: 2
International Accounting & Sustainable Finance SoSe 2024 Mondays 08:00-11:15 as well as 11:30-15.00 in R210 Claudiusstr. 1 International Accounting Prof. Dr. Marc Beutner (marc.beutner@uni-paderborn.de) Cost accounting, budgeting and controlling, performance measurement Financial statements and cashflows, accounting and financial ratios Valuation of investment projects (e.g. NPV) and companies Folie: 3
Prof. Dr. Marc Beutner Lehrstuhl Wirtschaftsp dagogik II Prof. Dr. Marc Beutner Lehrstuhl Wirtschaftsp dagogik II - Wirtschaftsp dagogik und Evaluationsforschung Universit t Paderborn Lehrauftrag an der TH K ln Email: Marc.Beutner@uni-paderborn.de Folie: 4
Course Outline: Part 1: Cost and volume decisions; overhead allocation; budgeting and controlling Part 2: Strategy and accounting decisions; performance measurement. Part 3: Multinational Transfer Prices Part 4: Financial statements and cashflows, financial ratios, payback period, NPV and IRR This course completes with a one hour closed-book examination in June, 2023. Folie: 5
Learning Objectives: Students should gain a thorough understanding of management accounting practices in the context of multinational companies. The goal is to help students acquire the basic skills to: Understand and apply companies cost-volume-profit calculations; planning, budgeting, controlling and performance measurement techniques; financial ratios and investment evaluation techniques; Analyze and evaluate company product mix, volume and pricing decisions; budgets, variances and performance measurement systems; cash flows, financial ratios and investments. Folie: 6
Lecture Part 1 1 Date Topics Pre-Class-Readings & Assignments Cost, volume and profit, overhead allocation Course motivation and overview Cost behavior, contribution and break- even analysis Cost behavior and analysis (cont d) Price and profit decision making problems Price and profit decisions (cont d) Traditional full costing, overheads and ABC Traditional full costing, overheads and ABC (cont d) Budgeting and controlling, balanced scorecards and KPIs Budgetary control systems Standard costing and variance Part I No lecture (Independent Week HIP) No lecture (Pentecost) 08.04 IBB IMA SS2020 Syllabus LN on Costing & Profits, BB 1, CD 2-3, WKK 19,22 LN on Cost & Profit Decisions, BB 2-3, CD 4-5, WKK 22 Course Over- view 2 15.04 3 22.04 LN on Overheads and ABC, BB 5-6, CD 7-8 4 29.04 Additional Exercises Part 2 5 06..05 LN on Budgeting and Standard Costs, BB 7-9, CD 9-11, WKK 24-26 13.05 20.05 6 27.05 Budgetary control systems Standard costing and variance Part II Performance Measurement & Balanced Scorecard LN on Budgeting and Standard Costs, BB 7-9, CD 9-11, WKK 24-26 Group Homework on costing, budgeting and controlling LN Performance Measurement & Balanced Scorecards, BB 19-20, CD 15, WKK 26 Additional Exercises 7 03.06 8 10.06 Additional Exercises on Part 2 Part 3 Multinational transfer prices 9 17.06 Multinational transfer prices LN on Multinationals & Transfer Prices, BB 10, CD 12-13 Part 4 10 Investments, financial projections and ratio analysis Capital budgeting using payback/NPV/IRR 24.06 LN on Capital Budgeting and Financial Analysis BB 4,11, CD 6, WKK 17-18 Additional Exercises 11 24.06 Additional Exercises on the four parts 12 01.07. End of semester Exam (Klausur) Folie: 7
Exam Written closed-book exam: 60% of weight, 60 minutes A non-programmable calculator and dictionary English/Mother tongue are allowed Group homework and exercises: 40% of grade. Folie: 8
Required course reading: Bowhill, Bruce: Business Planning and Control: Integrating Accounting, Strategy and People, Wiley s 2013, 5thedition (chapters to follow Course Syllabus) Beutner, Marc: Lecture Notes (to be distributed through ILIAS) Folie: 9
