Learning objectives
The course addresses the Managerial Accounting issues of Business Companies.
Managerial Accounting facilitates planning and control decisions. Planning decisions relate to choices about acquiring and using resources to deliver products and services to people. Control decisions concern how much to delegate, as well as how to motivate, measure, evaluate, and reward performance. Throughout the course we enphasize how to use accounting information for decision making, the relevance of “human factors” and ICT, e.g. Enterprise Resources Planning. The business decision process using accounting and non-accounting information is stressed within the second module of the course, Managerial Economics, focusing on Business situations involving conflicting and cooperative interests in terms of gains and losses among opposing companies players.