Fundamentals in Accounting and Finance

Course	V-737-FAFI
Semester	20243
ETCS	7,5
Core	No

Year	1. year
Semester	Fall 2024
Level of course	5. Second cycle, intermediate
Type of course	Elective
Prerequisites	No prerequisites.
Schedule	No schedule found.
Lecturer	Heiðrún Ingrid Hlíðberg
Content
The course will cover fundamentals of financial accounting, management accounting and corporate finance. While financial accounting, management accounting and corporate finance information is immensely valuable for every organization and manager, the course also discusses the assumptions behind this information and their limitations. The course will focus on the interrelationship between financial reporting, management accounting and corporate finance for decision making, and recent developments in performance measurement. It will link theory with practical examples and case studies drawn from real business situations across a wide range of manufacturing, retail and service industries. This course is only available for students who enroll in the master’s programs in Business Management, Human Resource Management and Organizational Psychology, Innovation Management, Marketing, and Tourism and Hospitality Management but have less than 30 ECTS credits in business administration finished in previous studies.
Learning outcome - Objectives
Knowledge. Collection of facts, concepts, theories and techniques acquired by students. The student should have a fundamental understanding of: - The concepts, methods and tools of financial accounting, management accounting and corporate finance and their importance for every manager in an organization - How these tools and methods are used by different managers in an organization - How financial accounting, management accounting and corporate finance affect decision making and management behaviour Skills. The ability to apply knowledge to different tasks related to financial accounting, management accounting and corporate finance. The student should: - Be able to critically read and understand financial statements and to understand and recognise where the information in financial statements come from - Perform cost analysis, cost allocations and determine cost behaviour - Perform basic financial valuation of business projects - Design and construct simple forecasts and budgets as well as conduct variance analysis Competences. The ability to apply knowledge and skills. The student should: - Identify and assess the accounting and management accounting systems of companies - Evaluate the link between decision making, financial accounting, management accounting and corporate finance - Evaluate the suitability of different methods and approaches of management accounting and corporate finance - Be able to prepare reports (in English) for managers which are based on financial accounting information, management accounting information and corporate finance information to support managerial decision making
Course assessment
Reading material
No reading material found.
Teaching and learning activities
Language of instruction	English