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Lecture notes

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Lecture notes of 42 pages for the course Management accounting at UBir (-)

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  • April 14, 2021
  • 42
  • 2020/2021
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Advanced Management Accounting

Topic 6 – Did Accountants Cause the Financial Crisis?
+ Special Lecture on Artificial Intelligence

,Previously in Advanced Management Accounting…

Conceptual understanding of control


Identifying appropriate mechanisms of control


Implementation problems and strategies


MCS for different sizes of companies


Today: MCS across an industry


2

, The questions we’ll consider in this lecture


Is our conceptual understanding of control limited to MCS within an organization?


Or can we use these ideas to control an industry?


What happens when organizations across an industry starts to use the same MCS?


Did MCS cause the global financial crisis?




3

, Part I: What happens if we want to control an
industry?




4

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