Financial Performance Management and Management Control

Degree program: MSc International Management

This module provides an overview of the most important International Financial Reporting Standards (IFRS) rules. Students learn how to identify and measure the financial effects of economic events on firms and report them to external stakeholders. The students also become aware of how these reporting standards may affect strategic management and financial performance (e.g., via earnings management).

On successful completion of this module, the students will be able to extract and modify costs in order to make informed managerial decisions. Students will learn how managers can use cost information to plan, make, and control decisions. These planning and control activities also focus on various budgeting procedures and incentive schemes. The students will also become familiar with tools for controlling and measuring specific investments (e.g., marketing investments) and determining the return on these investments.

Course facts

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