Course content
The purpose of the course is to offer the students the opportunity to develop fundamental knowledge of financial management in companies. The focus is on how to design, implement and use different conventional as well as modern cost and management accounting models and techniques for analysis, decision-making and control purposes.
Financial and non-financial data are at the core of performance evaluation and management in organizations i.e. profit measurement, efficient management of different departments, people and processes. It is also an important basis for pricing decisions and planning purposes. The course focuses on how to capture financial and non-financial data as well as organizing and using them for decision-making, planning and control. The course specifically addresses the following themes:
- Cost classification and cost concepts
- Variable Costing and Absorption Costing
- Responsibility centers and profit reporting
- Activity Based Costing
- Customer Profitability Measurement
- Relevant costs for decision-making
- Budgeting and budgets
- Standard Costing and variance analysis
- Pricing and transfer pricing
- Performance measurement and management using financial and non financial data
See course description in course catalogue