Jake Riley

MANAGERIAL ACCOUNTING: PERFORMANCE MEASUREMENT, COMPENSATION, & GOVERNANCE

INTRODUCTION

The course will examine the academic and professional controversies surrounding corporate governance and executive compensation. A basic framework will be developed to integrate the many important dimensions of corporate governance in Nigeria and international settings. In addition, the scientific research in accounting, economics, finance, and organisational behaviour will be used to provide insights into the measurement and consequences of observed corporate governance and executive compensation choices.

WHAT WILL SET YOU APART

On successful completion of the course, participants will be able to:

Apply management accounting concepts in a case-based, collaborative setting, communicating the results effectively both orally and in writing.

Locate the role of management control systems (MCS) in both strategy and operations.

Distinguish indirect controls from the direct controls, based on action and personnel/culture.

Prepare and interpret budgets, and identify their limitations.

Evaluate financial performance market and accounting measures in terms of seven criteria to determine optimal performance metrics.

Critically analyse corporate governance structures of various companies and common management-control related ethical issues.

COURSE CURRICULUM

  • Introduction to Case-Based Collaboration
  • Introduction to Management Control Systems (MCS)
  • Control Alternatives and Effects–Results Controls
  • Negotiating as a leadership practice
  • Action and Personnel/Cultural Controls
  • Control System Design, Evaluation, and Indirect Costs
  • Financial Responsibility Centres and Transfer Pricing
  • Planning and Budgeting (Performance Definition and Measurement)
  • Incentive Systems (Performance Rewards) and Financial Performance Measures

WHO SHOULD ATTEND

  • Those who wish to understand the implications of decisions made across a range of
    management accounting issues.
  • Those who wish to develop the ability to analyze, interpret, and question the accounting
    information they may encounter in a business context.
  • Those who wish to acquire a sound appreciation of accounting and finance in order to
    communicate and succeed in the business world.