Excerpt from course description

Fundamentals of Managerial Accounting


The aim of this first course in the field of managerial accounting is to give students basic elementary knowledge and skills, so that they can take part in discussions on managerial accounting problems, carry out simple managerial accounting analyses, make correct decisions in managerial accounting and communicate the results of the analyses in an understandable manner. 

Course content

Topic 1: Financial accounting and introduction to financial statement analysis (40% - 50%)

  • Financial accounting and statements
  • Financial transactions
  • Financial accounting principles 
  • Introduction to financial statement analysis  

Topic 2: Cost- and income analysis (25% - 30%)

  • Cost terms, concepts and classifications
  • Cost calculations  
  • Cost-volume-profit analysis
  • Relevant income and costs for decision making

Topic 3: Introduction to finance and investment decisions (25% -30%)

  • Introduction to budgeting
  • Capital budgeting 
  • The time value of money  
  • Discounted cash flow methods (net present value and internal rate of return)


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