| Degree Programme in Business Management 2008-2009 |
Study unit
00088 Financial Planning and Control 10 CR |
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| The students will be able to |
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• carry out planning, target and monitoring calculations and apply them to solve problems in executive decision-making
• apply financial administration methods and management information systems in setting targets, managing operations and monitoring
• carry out and utilise financial analyses, forecasts and reports in an international environment
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| Content |
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• operational analyses and forecasts
• improving profitability and productivity
• implementing traditional cost calculation systems in practice
• activity-based accounting to support process management
• standard cost calculations
• profitability of profit centres
• budgeting process and target-setting
• management control and information systems
• strategic cost management
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| Description |
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Students deepen their competence in management financial administration by looking at accounting methods suited to problem situations and at control and information systems which support decision-making. The task of management financial administration is to set targets and control and monitor operations in line with the organisation’s strategy. Students become familiar with related financial administration methods and management control and information systems, as well as relevant, timely and cost-effective reporting made using these systems to facilitate shareholder-oriented organisational control.
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| Prerequisites |
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Strategic Business Development theme or equivalent knowledge. |
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| Version |
2.0 |
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| Updated |
Jun 26 2006 |
