This course covers knowledge in advanced management control systems and contemporary research in management accounting. It focuses on management accounting practices and research throughout the course. The course takes a broad approach to current issues and contemporary research in management accounting with extensive coverage of new management accounting practices being adopted by innovative international companies around the world, including activities based management, kaizen, target costing and balanced scorecard. International cases and critical analysis of management control systems are covered in the course. Cases require the balanced application of skills and knowledge of contemporary research in management accounting.

CILO-1: Conceptualize and critically analyze research models and methods related to financial reporting, communications, decision making and accountability in the management control systems. CILO-2: Apply research models and methods of management control systems in different areas to critically assess and solve the problems. CILO-3: Show how research models and methods in management control systems can be used to implement organizational changes in the real practice. CILO-4: Evaluate different research models and methods in management control systems and synthesize them for innovative applications and research. CILO-5: Critically assess various scientific positions in management control systems in an international business context.