ME4: Accounting & Economics


Prof. Dr. Robert Göx

Dr. Patricia Ruffing-Straube

Point of contact

Part of Prof. Göx: tba

Part of Ruffing-Straube: Dr. Patricia Ruffing-Straube

Lecture ID 03SM22MO0004
Category Lecture with Practical Exercises
Language English
Credits 3 ECTS
Course of Studies Master of Arts in Business and Economics

M: OEC elective area

M: Compulsory area: Management and Economics

M: Core elective area: Accounting, Auditing and Governance (BWL1)

Assessment Written examination (60'), online, open book, on 20.12.22, 12-14h.
Date / Time / Room
 Date  Time  Room  Lecture
 20.09.2022 - 01.11.2022  12:15 - 13:45  tba  (Part I Prof. Göx)
 08.11.2022 - 13.12.2022

 12:15 - 13:45


 (Part II Ruffing-Straube)

 12:00 - 14:00

 tba  Final Exam
Course Description This course covers both financial and managerial accounting theory, with an emphasis on the role of accounting as an information source and its usefulness for facilitating and influencing decision making. Focusing on the different needs of different user groups (such as investors, firms or managers), the course discusses fundamental concepts from financial and managerial accounting and applies them to a series of economic problems. Topics include firm valuation, incentive contracting, budgeting, transfer pricing and earnings management. Related to these topics, some current practices and problems will be discussed.
Course Objectives
  • Evaluate the relative usefulness of accounting information for valuation purposes and incentive contracting
  • Identify potential conflicts of interests between different uses of accounting Information
  • Use management accounting information for performance evaluation (budgeting, transfer pricing, incentive schemes)
  • Understand the economic role of financial accounting to reduce incentive problems between a firm and their stakeholders
  • Understand the basic determinants of voluntary disclosure
Target Groups Master Students
Course Materials and Literature Course materials and lecture notes will be available on the course website. A reading list will be provided in the lecture notes.