Master (M.Sc.)

Accounting Theory

Course Type: Lecture / Exercise
Turnus: Winter term
ECTS: • 9 ECTS
• 6 weekly hours
Content: The course deals with the connection between decision theory, information economics and accounting. The various areas are linked and discussed and analyzed in depth in parts. The aim of the course is to impart basic knowledge in order to understand and analyze company information and decisions. The participants will be able to grasp general connections as well as to recognize and critically assess problem areas.
Contact Person: Dr. Hoa Ho
E-Mail: hoa.ho@lmu.de

Course Type: Seminar / Proseminar
Interval: Summer term
ECTS: • 6 ECTS
• 4 weekly hours
Content: The focus of the course is the importance of information for the behavioral control of managers (decision-influencing role of accounting information). In terms of content, this includes not only the determination of the optimal risk sharing between the shareholders of a company but also the determination of optimal incentive contracts for different information systems. Among other things, the control effects of cost and revenue accounting are considered and various incentive instruments, such as stock option plans, are discussed. The material taught is illustrated using various examples. To deepen the material, an exercise is offered which deepens the concepts of the course and explains them in more detail using mathematical examples.
Contact Person: Karl Kappen
E-Mail: kappen@lmu.de

Course Type: Seminar
Interval: Winter term, Target group: Master's students in their 3rd semester
ECTS: • 6 ECTS
• 4 weekly hours
Content: This course considers the use of accounting information in markets and hierarchies. In particular, the focus is on the use of accounting information for performance evaluation and as a signal in the managerial labor market. We will consider the historical origins, key seminal papers, and current state of the art publications, with a particular emphasis on career concerns.

In the lecture, we first consider basic concepts of managerial and financial accounting on the basis of Christensen/Feltham „Economics of Accounting,” Volumes I and II. Thereafter, seminal papers and current working papers around the theme career concerns are analyzed and discussed. The main goal of the course is a well-grounded and profound examination of current research questions and relevant methods. In this context, the participants will present and debate published studies or recent working papers.
Contact Person: Prof. Dr. Christian Hofmann
E-Mail: ch.hofmann@lmu.de

Course Type: Project Course
Turnus: Winter course / Summer term
ECTS: • 12 ECTS
• 8 weekly term
Content: The project course in the M.Sc. Business administration offers students the opportunity to work on a specific business problem in the field of corporate accounting and controlling for the duration of one semester. As a rule, the students work as a team with a contact person at the company partner. The presentations created should be able to serve the corporate partner as a practical basis for decision-making.
Contact Person: Karl Kappen
E-Mail: kappen@lmu.de

Master's students in Finanz- und Versicherungsmathematik (PO 2021) can take the following courses at the IUC:

Accounting Theory: WP3 (according to module (PO 2021))
Performance Measurement und Anreizsysteme: WP24/WP25 (according to module (PO 2021))

For more detailed information on the individual courses, please refer to the respective course pages in lsf and syllabi.