Management Accounting in Technology-Based Firms

• Basic accounting skills
• Basic financial statement analysis skills
• Budgeting Basic understanding of cost structures
• Traditional costing Activity-based costing
• Short- and long-term decision making
• Target costing, life-cycle costing and quality costs
• Standard cost and variance analysis.

Knowledge:

After completing the course, the students should be able to explain key concepts and explain important methods used in analyses of a number of business economic issues from a financial management perspective. This involves knowledge of, for example: - financial accounting as a central source of information of companies - budgeting and deviation analyses - different types of calculations and their application - various short-term and long-term decision problems

Skills:

After completing the course, the students should generally be able to apply acquired knowledge in analyses and discussions of practical business economics issues. Based on simple situation description, students can choose to use the method or financial management tools correctly.

General competence:

The student understands the most important principles in accounting and financial management. The student can shed light on basic financial management tools in a critical way as well as reflect on key assumptions and assumptions that are based on the business models.

Lectures, mandatory and voluntary assignments. The main part of the learning is based on the students reading the course material and doing exercises by themselves. Students are advised to read the course material and work with assignments prior to the lectures. There will be compulsory activities. Further information at the start of the semester.