Financial Performance Management focuses on defining and describing important causal relationships between factors that contribute to creating long-term values for the firm. By designing controlling systems that help us to evaluate the company's ability to implement its overall strategies and plans, management theory, strategic planning and accounting together form a holistic framework for long-term decision-making.
The course focuses on theoretical models, various tools and techniques to support the decision-making process for management with real-life cases and exercises.
Part one - Financial Planning
The difference between profits and cash flows, designing budgeted income statements, cash flow predictions, limitations of traditional costing models, Activity Based Costing and the calculation of costs of excess capacity
Part two - Managing and measuring value creation
The triple bottom line, various ways to create competitive advantages, cost drivers, value drivers, The Balanced Scorecard, The Lean Philosophy, the quest for operational efficiency
This is an excerpt from the complete course description for the course. If you are an active student at BI, you can find the complete course descriptions with information on eg. learning goals, learning process, curriculum and exam at portal.bi.no. We reserve the right to make changes to this description.