This course presents advanced concepts of financial management. It examines the principles, techniques, and uses of accounting in the planning and control of business organizations from a management perspective. Financial planning and budgeting courses typically cover topics; (1) cost analysis and (2) decision making and control. The first part will be considered as a preparation for the second which is the most important for future manager/executives. Main topics covered are: the budgetary process and related performance evaluation techniques, cost-volume-profit relationship, product costing methods, Activity Based Costing (ABC) and main performance evaluation tools. Related theory and application will also be reviewed.
Learning Outcomes
- Verify relevant costs for decision making
- Apply the concepts of capital budgeting and planning
- Analyze the variance between actual and projected goals
