RSM2215H – Financial fraud and management control (summer 2023)

General Information

Instructor Bio

Scott Liao is a Professor of Accounting and full-time MBA Academic Director. He has previously served as Director of Faculty Recruitment and Director of Research Resources. He is passionate about teaching financial accounting, corporate control, and data analytics. He has taught in Global EMBA, executive programs, MBA, MMA, Rotman Commerce, and Ph.D. programs. His research interests include debt markets, banking regulation, and economic consequences of financial reporting and disclosure. He is an editor at Contemporary Accounting Research and a co-editor at The International Journal of Accounting.

Target Audience

This course is intended for all MBA students who are interested in financial fraud, ethics, and corporate control. This course aims to broaden students’ understanding of how proper managerial control over financial reporting interacts with corporate governance designs helps avoid catastrophic outcomes.

Prerequisite

Financial Accounting and Finance 1

Format

Summer Intensive over two weeks.

Course Mission

Based on the case studies we use, students will learn that financial reporting is an important part of managing business for C-suite executives, mostly CEO and CFO. The course is designed for future C-suite executives to understand that financial reporting can either improve firm transparency and increase firm value or can be used opportunistically for private benefits and thus fail the corporate. The cases we use in class will demonstrate financial reporting is CEO and CFO’s decision and has significant impact on corporate success or failure.
Course Scope

Course Scope

In this case-based course, we will discuss important and modern financial reporting issues from the perspective of management reporting incentives and corporate control environments. That is, we will focus on the intersection between financial frauds, corporate governance, and management incentives. Students will gain insights of key financial reporting issues and debates, and how management control mechanisms may address or exacerbate these financial reporting issues through case studies.

Evaluation and Grade Distribution

Component	Due Date	Weight
Class Participation and Contribution	Ongoing	20%
Group Case Write-Up and Discussions	Ongoing	40%
Final Case	TBD	40%

Last Updated: 2023-01-19 @ 12:09 pm

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