Accounting for Small and Medium Sized Enterprises (5cr)
Course unit code: 3B-44E
General information
- Credits
- 5 cr
Objectives
This course is targeted for accounting from Small & Medium sized Enterprises perspective (SME). The focus is on management accounting topics, but related financial accounting topics are covered as well. The course approach is practical, including exercises and team work.
After completing the course, the student will be able to:
Plan business profitability & cash flow elements.
Prepare master budgets.
Calculate product cost.
Make product pricing decisions.
Prepare business related analysis & calculations.
Content
What is the SME accounting principle context?
What is the foundation of Profit & Loss, Balance Sheet & Cash Flow in SME's?
How to forecast SME financials?
How can SME's utilize cost accounting?
How is the SME pricing linked to profitability?