General provisions

The course is offered within the Bachelor's Programme in Business and Economics and as a single subject course. The course syllabus was approved by the board of the Department of Business Studies on delegation from the Faculty of Social Sciences and takes effects as of 2012-01-16.

Entry requirements

Completed 15 credits from Basic Course A in Business Studies, and registered for another 15 credits at the same level.

Learning outcomes

Aim:

The course aims to enable students to acquire knowledge and understanding of Management Accounting, Financial Management and Management Control, and how this knowledge and this understanding can be applied. By using the acquired knowledge students are expected to develop the ability to analyse, and communicate about, phenomena related to the course content. This also implies the development of skills including the ability to place the subjects studied in different contexts over different time periods.

Learning Outcomes:

• The ability to apply various types of valuation models and conduct analyses in connection with these models (finance)
• The ability to critically evaluate information from quantitative decision models in relation to corporate decisions on issues in investment and finance (finance)
• The ability to analyse and critically discuss the relationship between strategy development and the design and use of strategic management accounting (management control)
• To gain knowledge and understanding of models and methods in management accounting (management control)
• Obtaining the ability to apply a range of models and methods in management accounting with the aim to analyse an organisation's operations control (management control)
• To identify and analyse the issues and solutions in real-life situations (management control)
• The ability to communicate proceedings as well as contribute to and evaluate the work of other students

Content

The financial management part of the course deals with practical financing, shareholder value, working capital, equity and borrowed capital and risk management. The management accounting part of the course addresses corporate governance, control methods and control philosophies, responsibilities, production, financial and logistical concepts, project planning, production processes, forecasting, etc..

Instruction

The instruction takes the form of lectures and seminars.

Transitional provisions

The course substitutes/overlaps among others Controlling 2FE618, Corprate Control 2FE957, Management Control 2FE204, 2FE208 and Management Accounting 2FE252.