Financial Management (5cr)

Objectives

Student can use figures from management accounting in decision making and knows what to demand from management accounting. Student masters the basics of profitability, cost effectiveness and overhead costing. Student can calculate the cost and added value of an value network. Student knows key customer management and customer based costing and how value is created.

Content

Cost management
- basics of economy, trends in macroeconomics and corporation economics
- product cost, total costs and its indicators and engineering and decision making in a multiple product environment
- internal and management accounting
- goal costing in product development and production
- customer profit and pricing strategies

Customer relationships management
- Customer Relationship Management CRM
- value and management of customer information in the organization
- how to collect customer information, research and surveys