Department of Business and Economics
Dean:Dr. Jón Þór Sturluson
Email:vd@ru.is
Website:http://www.ru.is/vd
TeachersView
MSc in Innovation Management - 90 ECTS
Semesters:3
Years:1
ETCS:90
About majorMeistaranám í stjórnun nýsköpunar leggur áherslu á nýsköpun og frumkvöðlastarfssemi. Nemendur öðlast hæfni til að að stýra nýsköpunarstarfimismunandi skipulagsheilda við þróun á nýjum ferlum, vörum og þjónustu, ásamt því að nemendur geti leitt frumkvöðlastarf á breiðum grunni, þar á meðal til að stofna ný fyrirtæki. Námið eflir þekkingu og næmni nemenda fyrir nýjum tækifærum, þjálfar skapandi og lausnamiðaða nálgun og miðar að því að nemendur geti gert slíkar lausnir að veruleika.    
Learning OutcomesView
Degree titleMSc in Innovation Management
Legend
Mandatory course on majorTeaching language
Optional course on majorPrerequisites for course
Print
Vorönn/Spring 2024
More infoConsumer BehaviorElectiveV-712-COBEECTS 3,75
More infoInnovation ManagementCoreV-713-INNMECTS 7,5
More infoBusiness EthicsCoreV-714-BETHECTS 3,75
More infoEntrepreneurship and Innovation in ContextCoreV-715-ENICECTS 3,75
More infoBusiness Process ManagementElectiveV-716-BPMAECTS 7,5
More infoFixed Income AnalysisElectiveV-716-FINCECTS 3,75
More infoImplementation of information systemsElectiveV-717-IMISECTS 3,75
More infoEntrepreneurial FinanceCoreV-733-ENTRECTS 7,5
More infoBranding and Strategic MarketingElectiveV-741-BRANECTS 7,5
More infoStrategic HRM and MetricsElectiveV-745-STRAECTS 7,5
More infoInternshipElectiveV-748-INTEECTS 7,5
More infoCases in corporate financeElectiveV-763-COR2ECTS 7,5
More infoFinancial Reporting and Accounting Standards IIElectiveV-765-FIR2ECTS 7,5
More infoBusiness Research Methodology ICoreV-765-REM1ECTS 3,75
More infoApplied DerivativesElectiveV-766-APDEECTS 7,5
More infoConsolidated Financial StatementsElectiveV-767-SAREECTS 7,5
More infoBusiness Intelligence and AnalyticsElectiveV-784-REK5ECTS 7,5
More infoCorporate LawElectiveV-802-BULAECTS 7,5
More infoBusiness Research Methodology IICoreV-825-REM2ECTS 3,75
More infoTourism MarketingElectiveV-840-TOMAECTS 7,5
More infoTraining and DevelopmentElectiveV-840-TRDEECTS 3,75
More infoAccounting for derivatives and other financial instrumentsElectiveV-871-AFLEECTS 7,5
More infoMaster´s Thesis - partial submissionElectiveV-888-THHLECTS 15
More infoResearch ProposalCoreV-898-REPRECTS 0
More infoMaster´s ThesisCoreV-898-THESECTS 30
More infoExchange StudiesElectiveX-699-EXCHECTS 30
Sumar/Summer 2024
More infoAccounting Fraud and ForensicsElectiveV-722-AFORECTS 7,5
Year
1. yearPrint
SemesterSummer 2024
Level of courseN/A
Type of courseElective
PrerequisitesNo prerequisites.
ScheduleNo schedule found.
Lecturer
Marie Rice
Content
The purpose of the course is to provide students with a solid knowledge and understanding of fraud, potential perpetrators, and its impact on an organization and to develop the students’ skills and competences to detect and prevent fraud.

Losses due to fraud have been estimated as high as five percent of an organization’s revenues. It is important to do everything possible to reduce that amount. Fraud is not limited to a specific type or size organization, but can potentially impact any organization. The course will include a basic understanding of the Fraud Triangle and who commits fraud, and how to target resources on how to prevent fraud, e.g. through a strong system of internal controls, and when it is not possible to prevent, how to discover fraud based on strong data monitoring and analysis processes and techniques using detailed transaction data in modern information systems to support basic and complex data analysis. The course discusses data driven fraud detection, including topics such as continuous monitoring, structured vs. unstructured data and visualizations. Tools such as IDEA and ACL are designed to help accountants document and analyze information provided by an organization’s information systems. These packages have been used by auditors, and are also important tools for forensic accountants’ information analysis. The course also covers the different types of fraud against, and on behalf of an organization. This distinction is important because an accountant looking for revenue fraud needs a different perspective and techniques than the same individual looking for asset misappropriation fraud. The course will be a combination of theory and application of theory to specific cases and circumstances. The course will include risk perspectives on organization types, sizes, and management. The context of problems will vary among different types of fraud and investigation tools and techniques.
Learning outcome - Objectives
At the end of the course students should:
- Know who commits fraud and why.
- Describe several types of fraud and the potential impact on an organization.
- Describe the basic components of the fraud triangle.
- Know the importance of finding fraud at the earliest possible time to prevent/minimize losses.
- Know the basic steps in a data analysis process in the context of data driven fraud detection with regard to continuous monitoring, structured vs. unstructured data and visualizations.
At the end of the course students should be able to:
- Identify resources relevant to the performance of forensic engagements.
- Apply the fraud triangle to specific cases.
- Identify controls that may be applied to prevent specific types of fraud.
- Use software to import and understand data relationships.
- Analyze case data to identify anomalies.
At the end of the course students should be able to:
- Detect anomalies that potentially indicate fraud.
- Develop and implement preventive strategies against fraud.
- Develop and implement policies/controls that address different types of fraud.
Course assessment

Reading material
No reading material found.
Teaching and learning activities

Language of instructionEnglish
More infoNegotiations and SalesElectiveV-744-NEGOECTS 7,5
More infoInternshipElectiveV-748-INTEECTS 7,5
More infoCross-cultural CommunicationElectiveV-756-CRCOECTS 7,5
More infoManagement AccountingElectiveV-793-MAACECTS 7,5
More infoBehavioral FinanceElectiveV-803-BEFIECTS 3,75
More infoInformation Technology in AccountingElectiveV-804-INTAECTS 7,5
More infoOccupational Health PsychologyElectiveV-816-OHPSECTS 3,75
More infoSustainable FinanceElectiveV-817-SUFIECTS 3,75
More infoSustainable LeadershipElectiveV-836-SLEAECTS 3,75
More infoDesign Thinking for Information Security: An Interdisciplinary ApproachElectiveV-847-THISECTS 7,5
More infoVenture CapitalElectiveV-875-VENTECTS 7,5
More infoMaster´s Thesis - partial submissionElectiveV-888-THHLECTS 15
More infoMaster´s ThesisCoreV-898-THESECTS 30
More infoExchange StudiesElectiveX-699-EXCHECTS 30
Haustönn/Fall 2024
More infoIntroduction to Management and Business ConceptsElectiveV-700-IMBUECTS 0
More infoCreative Approaches and Entrepreneurial MindsetsCoreV-702-CREMECTS 7,5
More infoInnovation and Entrepreneurship: A field of knowledge and practiceCoreV-703-INENECTS 7,5
More infoFundamentals in Tourism and Hospitality ManagementElectiveV-704-FTHMECTS 7,5
More infoFinancial Reporting and Accounting Standards IElectiveV-705-FIR1ECTS 7,5
More infoAuditing, Auditing Standards and Ethics in Accounting and AuditingElectiveV-706-AUD1ECTS 7,5
More infoStrategic ManagementCoreV-712-STJOECTS 7,5
More infoOrganizational PsychologyElectiveV-715-ORPSECTS 7,5
More infoStaffing: from recruitment to terminationElectiveV-730-STRTECTS 7,5
More infoLabour lawElectiveV-731-LALAECTS 3,75
More infoDigital and Information System ManagementElectiveV-732-DIGIECTS 7,5
More infoChange management and leadershipElectiveV-736-CMLEECTS 7,5
More infoInternational MarketingElectiveV-736-INMAECTS 7,5
More infoFundamentals in Accounting and FinanceElectiveV-737-FAFIECTS 7,5
More infoAdvanced and digital marketingElectiveV-738-ADDMECTS 7,5
More infoEnterprise ArchitecturesElectiveV-746-ENARECTS 7,5
More infoInternshipElectiveV-748-INTEECTS 7,5
More infoInternational FinanceElectiveV-767-INTFECTS 7,5
More infoCorporate TaxationElectiveV-772-TAX1ECTS 7,5
More infoPerformance ManagementElectiveV-830-PEMAECTS 3,75
More infoPortfolio ManagementElectiveV-862-PORTECTS 7,5
More infoMaster´s Thesis - partial submissionElectiveV-888-THHLECTS 15
More infoResearch ProposalCoreV-898-REPRECTS 0
More infoMaster´s ThesisCoreV-898-THESECTS 30
More infoExchange StudiesElectiveX-699-EXCHECTS 30
Vorönn/Spring 2025
More infoInternshipElectiveV-748-INTEECTS 7,5
More infoTopics in Emerging TechnologiesElectiveV-819-TEMTECTS 3,75