Strategic Management Accounting, 5 cr (Master`s level)

Huom! Online-ilmoittautuminen on päättynyt.
    23.09.2019 - 20.12.2019
    15.09.2019 mennessä
    Online course
Edeltävä osaaminen
    Students are able to use methods of financial analysis and reporting.
    The purpose of this course is to enhance students’ knowledge, understanding and intellectual, and practical skills about how managers place the accounting and market data in conjunction with the overall business strategy and decision-making. Through their enriched theoretical and conceptual knowledge of accounting and financial perspectives, students are capable of identifying and analyzing business problems through the lenses of organization’s mission and vision. Similarly, students select, analyze, and evaluate raw business data and other relevant information, and then draw inferences based thereon, which affect strategy and decision making of corporates. Students record, present and interpret financial/accounting data in such a manner that the true financial health of corporates is disclosed. The true, objective and unbiased financial information also help managers to plan and revise their business strategies, formulate policies and restructure the overall planning process. Students also understand different management accounting functions and learn to apply diverse management accounting techniques, methods and tools in different business situations. Students are able to evaluate firm performance in the light of conventional and non-conventional accounting/financial measures such as Economic Value Added (EVA), Balanced Scorecard (BSC) and Lean Accounting. Students also understand various aspects of corporate governance including board of directors, shareholders perspectives, monitoring and control. Students also learn to apply various risk management techniques in order to hedge various risks that companies are exposed to.
    Corporate financial performance measures analysis including accounting and market measures and non-financial performance measures, Accounting analysis of the quality of financial reporting measures, agency theory, stakeholders theory, resource-dependence theory, board of directors dynamics, stakeholders analysis, economic value added (EVA), balanced scorecard, lean accounting, application of financial derivatives.
    Combination of face-to-face and distance learning.
    Paul M. Collier-Accounting for Managers: Interpreting Accounting Information for Decision Making. Wiley 2016. 5th Edition.
    75 €

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