Department of Business and Economics
Dean:Dr. Stefan Wendt
Email:vhd@ru.is
Website:https://www.ru.is/departments/vidskiptadeild
TeachersView
MSc in Innovation Management - 90 ECTS
Semesters:3
Years:1
ETCS:90
About majorMeistaranám í stjórnun nýsköpunar leggur áherslu á nýsköpun og frumkvöðlastarfssemi. Nemendur öðlast hæfni til að að stýra nýsköpunarstarfimismunandi skipulagsheilda við þróun á nýjum ferlum, vörum og þjónustu, ásamt því að nemendur geti leitt frumkvöðlastarf á breiðum grunni, þar á meðal til að stofna ný fyrirtæki. Námið eflir þekkingu og næmni nemenda fyrir nýjum tækifærum, þjálfar skapandi og lausnamiðaða nálgun og miðar að því að nemendur geti gert slíkar lausnir að veruleika.    
Learning OutcomesView
Degree titleMSc in Innovation Management
Legend
Mandatory course on majorTeaching language
Optional course on majorPrerequisites for course
Print
Haustönn/Fall 2024
More infoIntroduction to Management and Business ConceptsElectiveV-700-IMBUECTS 0
More infoCreative Approaches and Entrepreneurial MindsetsCoreV-702-CREMECTS 7,5
More infoInnovation and Entrepreneurship: A field of knowledge and practiceCoreV-703-INENECTS 7,5
More infoFundamentals in Tourism and Hospitality ManagementElectiveV-704-FTHMECTS 7,5
More infoFinancial Reporting and Accounting Standards IElectiveV-705-FIR1ECTS 7,5
More infoAuditing, Auditing Standards and Ethics in Accounting and AuditingElectiveV-706-AUD1ECTS 7,5
More infoStrategic ManagementCoreV-712-STJOECTS 7,5
More infoOrganizational PsychologyElectiveV-715-ORPSECTS 7,5
More infoStaffing: from recruitment to terminationElectiveV-730-STRTECTS 7,5
More infoLabour lawElectiveV-731-LALAECTS 3,75
More infoDigital and Information System ManagementElectiveV-733-DIGIECTS 7,5
More infoChange management and leadershipElectiveV-736-CMLEECTS 7,5
More infoInternational MarketingElectiveV-736-INMAECTS 7,5
More infoFundamentals in Accounting and FinanceElectiveV-737-FAFIECTS 7,5
More infoAdvanced and digital marketingElectiveV-738-ADDMECTS 7,5
More infoBranding and Strategic MarketingElectiveV-741-BRANECTS 7,5
More infoEnterprise ArchitecturesElectiveV-746-ENARECTS 7,5
More infoInternshipElectiveV-748-INTEECTS 7,5
More infoApplied DerivativesElectiveV-766-APDEECTS 7,5
More infoInternational FinanceElectiveV-767-INTFECTS 7,5
More infoCorporate TaxationElectiveV-772-TAX1ECTS 7,5
More infoFixed Income AnalysisElectiveV-818-FINCECTS 7,5
More infoPerformance ManagementElectiveV-830-PEMAECTS 3,75
More infoPortfolio ManagementElectiveV-862-PORTECTS 7,5
More infoEquity AnalysisElectiveV-863-EQUIECTS 7,5
More infoMaster´s Thesis - partial submissionElectiveV-888-THHLECTS 15
More infoResearch ProposalCoreV-898-REPRECTS 0
More infoMaster´s ThesisCoreV-898-THESECTS 30
More infoExchange StudiesElectiveX-699-EXCHECTS 30
Vorönn/Spring 2025
More infoConsumer BehaviorElectiveV-712-COBEECTS 3,75
More infoInnovation ManagementCoreV-713-INNMECTS 7,5
More infoBusiness EthicsCoreV-714-BETHECTS 3,75
More infoEntrepreneurship and Innovation in ContextCoreV-715-ENICECTS 3,75
More infoBusiness Process ManagementElectiveV-716-BPMAECTS 7,5
More infoEntrepreneurial FinanceCoreV-733-ENTRECTS 7,5
More infoBranding and Strategic MarketingElectiveV-741-BRANECTS 7,5
More infoInternshipElectiveV-748-INTEECTS 7,5
More infoFinancial Reporting and Accounting Standards IIElectiveV-765-FIR2ECTS 7,5
More infoBusiness Research Methodology ICoreV-765-REM1ECTS 3,75
More infoApplied DerivativesElectiveV-766-APDEECTS 7,5
More infoConsolidated Financial StatementsElectiveV-767-SAREECTS 7,5
More infoSustainability Reporting and AssuranceElectiveV-774-GESSECTS 7,5
More infoBusiness Intelligence and AnalyticsElectiveV-784-REK5ECTS 7,5
More infoTopics in Emerging TechnologiesElectiveV-819-TEMTECTS 3,75
More infoBusiness Research Methodology IICoreV-825-REM2ECTS 3,75
More infoTourism MarketingElectiveV-840-TOMAECTS 7,5
More infoTraining and DevelopmentElectiveV-840-TRDEECTS 3,75
More infoEquity AnalysisElectiveV-863-EQUIECTS 7,5
More infoAccounting for derivatives and other financial instrumentsElectiveV-871-AFLEECTS 7,5
More infoMaster´s Thesis - partial submissionElectiveV-888-THHLECTS 15
More infoResearch ProposalCoreV-898-REPRECTS 0
More infoMaster´s ThesisCoreV-898-THESECTS 30
More infoExchange StudiesElectiveX-699-EXCHECTS 30
Sumar/Summer 2025
More infoManagement AccountingElectiveV-793-MAACECTS 7,5
Year
1. yearPrint
SemesterSummer 2025
Level of courseN/A
Type of courseElective
PrerequisitesNo prerequisites.
ScheduleNo schedule found.
Lecturer
No lecturer found.
Content
Financial and non-financial data are a very important basis for evaluation of profits of different segments as well as evaluating and managing the efficiency of departments, people and processes in the organization. But it is also important as a basis for pricing decisions and planning purposes. The course focusses on how to capture financial and non-financial data as well as organize and use them for decision making and control. The course contains the following core elements:
- Job costing systems & process-costing systems
- Revenue and Cost terms and behavior
- Profitability analysis
- Pricing decisions and target costing
- Capital Investment decisions
- Budgetary systems
- Performance measurement and management
- Control systems and transfer pricing
Learning outcome - Objectives
The student should:
- Develop a fundamental knowledge of financial management of a company.
- Understand the purpose and content of different management accounting theories, models, techniques and systems.
- Be able to apply and use them for different analysis, decision making and control tasks in different companies.
- Analyse and evaluate the strengths and weaknesses of each theory, model, technique and system used for different tasks.
The students should be able to:
- Identify and analyze management control issues.
- Apply the theories, models and techniques of the course in case study settings and companies.
- Evaluate management accounting techniques, methods and practices.
- Recommend courses of action for management with respect to their management accounting systems design and use.
The student should be able to:
- Participate in a professional debate concerning the solution to a business issue.
- Make structured thinking and presentation of arguments.
- Analyze counter-arguments in a timely fashion and relate constructively to other people’s suggestions.
- Design and implement management accounting systems in different companies.
- Use management accounting for different decision making, planning and control purposes.
Course assessment

Reading material
No reading material found.
Teaching and learning activities

Language of instructionEnglish
More infoInformation Technology in AccountingElectiveV-804-INTAECTS 7,5
More infoSustainable FinanceElectiveV-817-SUFIECTS 3,75
More infoSustainable LeadershipElectiveV-836-SLEAECTS 3,75
More infoDesign Thinking for Information Security: An Interdisciplinary ApproachElectiveV-847-THISECTS 7,5