| | | | Course module | | MAN-MEC034 | Category | | MA (Master) | Language of instruction | | English | Offered by | | Radboud University; Nijmegen School of Management; Master Economics; | Lecturer(s) | | | | Previous | | | | Next 2 |
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| Academic year | | 2022 | | Period | | 2 | (07/11/2022 to 29/01/2023) |
| Starting block | | 2 | |
| Course mode | | full-time | |
| Remarks | | - | Registration using OSIRIS | | Yes | Course open to students from other faculties | | No | Pre-registration | | No | Waiting list | | No | Placement procedure | | - |
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The course Accounting and Governance (AG) aims to contribute to the understanding of the governance role of accounting. AG focusses on the interplay of corporate accounting and governance practices by studying the relationships between financial and non-financial accounting information, corporate governance mechanisms, and human behaviour. At the end of this course, students will be able to:
- Argue in line with the Accounting+ idea, and the overall Economics+ orientation of the program, and thus…
- Define the key concepts “Accounting” and “Corporate Governance” and explain how they are interrelated in real-world economic problems;
- Understand and actively present academic literature in the field of accounting and governance and explain its relevance to overcoming real-world economic problems;
- Analyze the role of financial and non-financial accounting information in economic decision-making from different (economic and non-economic) theoretical perspectives;
- Discuss how corporate governance mechanisms, including the use of accounting information, may help to reduce adverse selection and moral hazard problems in settings in which there is a separation of ownership and control;
- Create and defend (in writing) potential solutions to specific real-world problems in the realm of accounting and governance from the perspective of an accounting scholar and practitioner.
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The course Accounting and Governance (AG) aims to contribute to the understanding of the governance role of accounting by studying the relationships between financial and non-financial accounting information, corporate governance mechanisms, human behaviour and economic performance. From an agency perspective the separation of corporate ownership and control, and the fact that other stakeholder groups become more and more important, involves inherent conflicts between capital providers, other stakeholders and managers, i.e. adverse selection and moral hazard problems. Corporate governance mechanisms aim to influence the decisions made by managers when there is a separation of ownership and control. Corporate governance mechanisms include internal mechanisms such as internal control systems and managerial incentive plans, and external mechanisms, like outside shareholder and debt holder monitoring, and oversight activities undertaken by the board of directors and public oversight boards. Accounting information should help to discipline managers to act in the interests of investors and other stakeholders, thus positively affecting the effective governance of the organization, the allocation of economic resources and the value of the corporation. The course Accounting and Governance provides the theoretical and empirical foundations for assessing how the use of financial and non-financial accounting information in corporate governance and control mechanisms may help to reduce adverse selection problems, i.e., reduce information asymmetries among capital providers and other stakeholders on the one hand, and corporate top management on the other hand. In addition, the course discusses how corporate governance and control mechanisms and the use of financial accounting information in these mechanisms may help to reduce moral hazard problems, i.e., help to discipline managers to direct resources to projects identified as “good” and away from projects identified as “bad”. Finally, the course discusses the effects of different types of corporate financial and non-financial reporting and disclosure on economic performance. |
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A Bachelor's degree in Economics with a specialization in Accounting and Control (or Accounting and Finance), or a Bachelor's degree in Business Administration with a Minor in Accounting and Control (or a Minor in Accounting and Finance) including Financial Accounting and Reporting.
More specifically:
Prerequisites: Students are expected to have passed an intermediate course in Financial Accounting and Reporting at the level of Kieso, Weygandt & Warfield (2020), Intermediate Accounting: IFRS Edition, Wiley, 3rd edition, or Revsine, Collins & Johnson, Mittelstaedt (2021), Financial Reporting & Analysis, McGraw-Hill, 8th edition. Kieso, Weygandt & Warfield (2020) is used in the bachelor's course Financial Accounting and Reporting (BCU2018) and assumed as prior knowledge.
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| Written exam, assignments, presentation, chairmanship of discussion.
Partial results from previous year stay valid. |
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The course aims to advance students' knowledge in the fields of financial accounting and corporate governance; - enhanced academic skills (critical attitude; research methods, presentations, discussion and debate, and review) by doing group-based research in accounting and governance, presentations, and participation in discussions. - a good understanding of the role of economic theories in the development of the knowledge base in financial accounting and corporate governance. - enhanced skills in writing a scientific paper in the field of accounting in order to prepare them for the Master's thesis;
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| | | Required materialsBookScott, W.R. & P. O'Brien (2020), Financial Accounting Theory, Pearson/Prentice Hall, Toronto, 8th edition OR Scott, W.R. (2015), Financial Accounting Theory, Pearson/Prentice Hall, Toronto, 7th edition. |
ISBN | : | | 9780134166681 |
Title | : | | Financial Accounting Theory, |
Author | : | | Scott, W.R. & P. O'Brien |
Publisher | : | | Pearson/Prentice Hall |
Edition | : | | 8 |
| ArticlesResearch papers (to be announced on Brightspace) |
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Instructional modesAssignmentsAttendance Mandatory | | Yes |
RemarkDuring the course, student groups are required to prepare 2 assignments
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| Presentations & Discussions GeneralTo discuss the topics in depth, student groups are expected to present an academic paper that is assigned to them. After the presentation, the paper will be discussed in an interactive way chaired by another student group. All students are expected to read the paper before coming to the lecture and to participate in the discussion. RemarkPresentations and discussions
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| TestsExamTest weight | | 1 |
Test type | | Digital exam with CIRRUS |
Opportunities | | Block 2, Block 3 |
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