Course description

Data driven management accounting (Planned spring 2022)

Introduction

Complete course description will be ready summer 2021.

Management accountants have for many years been the drivers of analysis for decision making in most organisations. Previously using reports from internal ERP systems, management accountants have extracted data, conducted spreadsheet, manual analysis, and arrived at a basis for providing relevant information to key decision makers.

With the vast increase in available data, the management accountant is forced into a world previously hosted by computer scientists. In many cases management accountants now have to extract the data themselves from various locations, filter and regroup data themselves, and then perform analysis to shed light on current decisions. This course intends to show how data from various sources within companies can be used to perform such tasks as cost estimation and performance measurement.

Course content

  • In-house data
  • ERP systems
  • External relevant data
  • Extraction of data
  • Decision analysis
  • Management science
  • Cost estimation for various profitability calculations
  • Customer profitability analysis
  • Decision making when the boundaries are set (linear programming)
  • Visualisation of management accounting analytics