| Department of Economics and Natural Resources (2003/2004) | |||||||||||||
| Earliest Possible Year | |||||||||||||
| Duration | 1 semester | ||||||||||||
| Credits | 7.5 (ECTS) | ||||||||||||
| Course Level | Joint BSc and MSc Bachelor for Economists Master level for all other subjects | ||||||||||||
| Examination | written examination Aid allowed Description of Examination: 13-point scale, internal examiner Dates of Exam: | ||||||||||||
| Organisation of Teaching | Lectures: 1 course module per week Exercises: 4 hours per week | ||||||||||||
| Block Placement | E2, fall Thursday 13-17 | ||||||||||||
| Teaching Language | English | ||||||||||||
| Optional Prerequisites | 095628 Organization and Management 095311 Production Economics 095328 Investment and Finance | ||||||||||||
| Course Objectives | |||||||||||||
| 1. To familiarize the participants with the concept of controlling as an approach to the co-ordination of management tasks (e.g. strategy, planning, decision making, information, monitoring, control, organisation, motivation) in business firms. 2. To introduce the participants to theories, methods and systems of modern management accounting. 3. To gain insights in the processes of cohesion inside firms as well as the complex relations of a firm in a competitve agriculture and the food sector | |||||||||||||
| Course Contents | |||||||||||||
| Microeconomic theory, management theory, accounting theory, organisation theory, systems theory, and information management serve as the main theoretical basis of the course. Aim is to derive analytical tools and structures as well as economic criteria for effective and efficient co-ordination of management functions and business processes. Furthermore the attempt is made to link contents of preceding courses in managerial economics to the development of solutions for practical problems in the business world and to evaluate prerequisites and limitations of their applicability. The course is also intended to provides a basis for further managerial and business economics subjects taught in higher semesters. The course addresses the following major subjects: - Financial Structure - Financial Performance - Valuation of Information - Cost Systems - Cost Allocation/Assignment - Competitive Strategies - Resource Based Strategic Analysis - Performance Measurement - Total Business Performance - Soft Systems Analysis - Principles of Controlling - Information and Management Systems - Incentive and Reward Systems On successful completion of the course students are able to understand functions and fundamental structures of controlling and its economic motivation as well as the importance of information and the economics of its use. They also learn to analyse (simplified) practical strategic and operative management tasks from a mmanagement accounting perspective and to apply the results to strategy processes, cost analysis, control activities, financial planning, evaluation of performance, and management structures. | |||||||||||||
| Teaching And Learning Methods | |||||||||||||
| Lectures, theoretical/practical exercises and project work on controlling, accounting, strategy, systems analysis and information problems. | |||||||||||||
| Course Litterature | |||||||||||||
| R.S. Kaplan and A.A. Atkinson (1998): "Advanced Management Accounting", 3rd Edition, Prentice Hall, 1998. [Main course literature] | |||||||||||||
| Course Coordinator | |||||||||||||
| Christian Noell, cno@kvl.dk, Institute of Food and Resource Economics/Environmental Economics and Rural Development Div., Phone: 35282267 | |||||||||||||
| Study Board | |||||||||||||
| Study Committee AHJ | |||||||||||||
| Course Scope | |||||||||||||
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