Course content
Aim of the course:
Management accountants are increasingly expected to act as finance business partners and facilitate strategic, tactical and operational decision making in contemporary organizations. The ability to handle large amounts of financial and non-financial data related to the profitability and value creation of the business, convert these data to insightful analyses and communicate key insights to decision makers in a clear and concise way are core capabilities for the financial business partner. The course aims to help students strengthen these capabilities.
Purpose of the course:
To give students a solid management accounting foundation and for them to develop competencies that strengthen their prospects of taking on a role as business-oriented controllers or finance business partners in companies. The focus is on how to design and use different management accounting models and techniques for financially based decision analyses informed by data and facts.
Course contents:
The course structure consists of two main modules:
Module 1: Foundational cost, profitablity and value creation techniques and models
1.1 Introduction and basic cost concepts
1.2 Cost systems
1.3 Profitability reporting and CVP analysis
1.4 Relevant cost for decision making
1.5 Decentralization and segment performance
Module 2: Financial facilitation of strategy formulation and implementation
2.1 Strategic profitability analysis and strategy exploration
2.2 Financial business cases for prioritization of strategic options
2.3 Strategy implementation with The Balanced Scorecard
See course description in course catalogue