| Learning objectives |
The aim of the course is to enable students to
- Analyse and explain the nature of different creative firms,
understand how they are funded and outline the main features of
appropriate control systems.
- Apply knowledge of interpreting financial statements and ratios
to evaluate and compare the performance of different types of
creative firms using publicly available information. The student
should be able to understand how the characteristics of particular
(creative) firms will be reflected in their reporting.
- Demonstrate an understanding of how creative firms are financed
and how the financing models are changing in line with industry
changes.
- Evaluate and choose cost concepts and accounting techniques
control system are relevant in the business models found within
creative industries
- Demonstrate an understanding of the link between financial
accounting and managerial accounting to support decision-making and
performance management in creative firms; especially in light of
revenue uncertainty.
- Apply project management techniques in creative firms (e.g., a
film or video game production)
|
| Examination |
|
Financial and
Management Accounting in Creative Firms:
|
| Exam
ECTS |
7,5 |
| Examination form |
Written sit-in exam on CBS'
computers |
| Individual or group exam |
Individual exam |
| Assignment type |
Case based assignment |
| Duration |
4 hours |
| Grading scale |
7-point grading scale |
| Examiner(s) |
One internal examiner |
| Exam period |
Winter |
| Aids |
Open book: all written and electronic aids,
including internet access
|
| Make-up exam/re-exam |
Same examination form as the ordinary exam
The number of registered candidates for the make-up
examination/re-take examination may warrant that it most
appropriately be held as an oral examination. The programme office
will inform the students if the make-up examination/re-take
examination instead is held as an oral examination including a
second examiner or external examiner.
If the number of registered
candidates for the make-up examination/re-take examination warrants
that it may most appropriately be held as an oral examination, the
programme office will inform the students that the make-up
examination/re-take examination will be held as an oral examination
instead.
|
Description of the exam
procedure
The exam will be an open book exam based on the course syllabus
and a case which will be made available to the students 14 days
before the exam.
|
|
| Course content, structure and pedagogical
approach |
|
The course extends the basic concepts of financial accounting
and management accounting to an application to creative industries,
using practical examples. The course will highlight which financial
accounting techniques and funding and cash flow management
techniques are of specific interest to creative business firms. The
course will also deal with the management control system including
cost management, budgeting and forecasting, project management, and
performance measurement and management systems relevant in creative
business processes.
|
| Description of the teaching methods |
| The course consists of 12 classes. Teaching is
blended between in large classes with a mixture of dialog-based
lectures, presentations, discussions and assignments/cases, and
online quizzes and videos (presenting examples as well as some
lectures). The teaching makes active use of real-life cases, with
managers from creative industry firms participating to workshops,
to enable the student to apply the above described techniques and
tools in the context of specific creative businesses. The students
are encouraged to analyze the cases collaboratively and to deliver
the assignments in groups. |
| Feedback during the teaching period |
| Written feedback is given via Canvas on all
assignment case questions submitted by the due dates. This can be
supplemented with oral feedback, particularly for group
submissions. Furthermore, the course features online
quizzes. |
| Student workload |
| Course activities including preparation |
120 hours |
| Exam including exam preparation |
90 hours |
|
| Expected literature |
- Bhimani, Alnoor; Horngren, Charles T.; Datar, Srikant M.;
Rajan, Madhav V. (2012): Management and cost accounting. 5th ed.
Harlow England, New York: Financial Times/Prentice Hall. Chapter
2.
- Collier (2015), Accounting for Managers. Wiley &
Sons. Chapter 7.
-
Grabner, I. (2014).
Incentive System Design in Creativity-Dependent Firms.
The
Accounting Review, 89(5), 1729–1750.
-
Grabner, I., Klein,
A., & Speckbacher, G. (2022). Managing the tTade-Off
between Autonomy and Task Interdependence in Creative Teams: The
Role of Organizational-Level Cultural Control. Accounting,
Organizations and Society, 101(3), 101347.
- Kaplan and Norton (2001), Transforming the balanced scorecard
from Performance Measurement to Strategic Management,
Accounting Horizons, 15(1).
- Links to Annual Reports from a range of creative industries,
some of which have been used as exam cases in earlier years, will
be provided at the beginning of the course and will be used in
teaching and assignments. The range of companies give the students
the opportunity to take a deeper dive into companies that interest
them.
|
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