ACCT 4251: Advanced Management Accounting
Building on ACCT 3251 Intermediate Management Accounting, students examine how different corporate governance, strategic planning, and management systems are used to enhance a firm’s performance. Topics include governance structure, compensation systems, corporate social responsibility, strategic planning, risk management, management information systems, methods for improving operational efficiency and effectiveness, quality management, change management, and performance monitoring tools.
Learning outcomes
- Build corporate governance and incentive systems that minimize agency costs.
- Establish appropriate environmental, social, and governance (ESG) goals for a firm.
- Develop a strategic plan for an organization including its mission, vision, core values and strategic objectives.
- Develop effective risk management, management information, quality, and change management systems for a company.
- Employ a variety of management techniques to help an organization achieve its strategic goals and maximize its operational efficiency and effectiveness.
- Utilize different performance monitoring tools to measure a firm’s success and provide feedback on how it can improve.
Course topics
- Section 1: Case-Based Collaboration
- Section 2: Control Function
- Section 3: Control Alternatives and Effects
- Section 4: Financial Results Control Systems
- Section 5: Performance Measurement and Issues
Required text and materials
Students require the following e-textbook, which can be purchased directly from the link at: https://tru-store.vitalsource.com/products/management-control-systems-kenneth-merchant-wim-van-der-v9781292444109
- Merchant, K. A., & Van der Stede, W. A. (2023). Management Control Systems: Performance Measurement, Evaluation and Incentives (5th ed.). Pearson.
Type: E-Textbook. ISBN: 978-1-292-44410-9
Assessments
Please be aware that should your course have a final exam, you are responsible for the fee to the online proctoring service, ProctorU, or to the in-person approved Testing Centre. Please contact exams@tru.ca with any questions about this.
To successfully complete this course, students must achieve a passing grade of 50% or higher on the overall course, and 50% or higher on the mandatory final exam.
| Assignment 1: “Leo’s Four-Plex Theater” Case Study | 6% |
| Assignment 2: “Axeon N.V.” Case Study | 12% |
| Assignment 3: “Zumwald AG” Case Study | 12% |
| Assignment 4: “Entropic Communications, Inc.” Case Study | 12% |
| Assignment 5: Case Study Development | 28% |
| Mandatory Final Exam | 30% |
| Total | 100% |
Open Learning Faculty Member Information
An Open Learning Faculty Member is available to assist students. Students will receive the necessary contact information at the start of the course.
