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 understanding how proper managerial control over financial reporting interacts with corporate governance and helps avoid catastrophic outcomes.
Prerequisite
Core Financial, Managerial Accounting, Finance 1 & 2
Format
12 weekly meetings
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 students interested in management control, such as the role of board of directors in deterring financial frauds and how executive compensation designs affect financial reporting.
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% |
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