Management Accounting I: Towards Profitable Decision Making

This course focuses on developing an actionable understanding of profitability from the costing perspective. Students will gain an intermediate-level understanding of profitability and profitability management from the costing perspective. They will also explore various cost assignment and tracing techniques, and discuss their applications, as well as their strengths and weaknesses.
Image for course subject

Schedule:

Teaching time:

Daytime

Location:

Espoo

Topic:

Finance, accounting and economics

Form of learning:

On-campus

Provider:

Aalto University Open University

Level:

Intermediate

Credits:

6 By Aalto University (ECTS)

Fee:

€ 90.00

Application period:

Course description

Learning outcomes

After this course students will:

  • Understand and apply basic concepts of costs and profitability
  • Understand and apply basic and advanced cost tracing and assignment methods (job costing, process costing, traditional costing, ABC) to accurately determine profitability
  • Understand and apply tools for profitable operational and strategic decision making (cost volume profit analysis, pricing and product mix decisions, customer analysis)

 

Content

Managing costs (understood as capacity and material inputs to the implementation of organizational strategy) is essential for achieving product and service profitability and ultimately organizational profitability. Understanding what gives rise to costs is hence essential for the survival of any kind of organization. This course focuses on developing an actionable understanding of profitability from the costing perspective.

Students will gain an intermediate-level understanding of profitability and profitability management from the costing perspective. They will also explore various cost assignment and tracing techniques, and discuss their applications, as well as their strengths and weaknesses. After arriving at a basic understanding on costing we explore uses of cost information for profitable decision making performance management.

  • Updated:
Share
URL copied!

You might be interested in these

Fundamental courses

Image for course subject

Yrityksen talouden johtaminen ja raportointi

Finance, accounting and economics

Location:
Espoo
Level:
Beginner
Image for course subject

Taloustieteen perusteet

Finance, accounting and economics

Location:
Online
Espoo
Level:
Beginner
Image for course subject

Laskentatoimen perusteet

Finance, accounting and economics

Location:
Online
Espoo
Level:
Beginner
Image for course subject

Taloustieteen perusteet

Finance, accounting and economics

Location:
Online
Espoo
Level:
Beginner
Image for course subject

Introduction to Financial Accounting, remote course

Finance, accounting and economics

Location:
Online
Level:
Beginner
Image for course subject

Taloustieteen perusteet

Finance, accounting and economics

Location:
Online
Espoo
Level:
Beginner

Intermediate courses

Image for course subject

Tilinpäätösraportointi

Finance, accounting and economics

Location:
Espoo
Level:
Intermediate
Image for course subject

Sustainable Finance

Finance, accounting and economics

Location:
Espoo
Level:
Intermediate
Image for course subject

Management Accounting II

Finance, accounting and economics

Location:
Espoo
Level:
Intermediate
Image for course subject

Urban Economics

Finance, accounting and economics

Location:
Espoo
Level:
Intermediate
Image for course subject

Intermediate Macroeconomics II

Finance, accounting and economics

Location:
Espoo
Level:
Intermediate
Image for course subject

Sisäinen tarkastus

Finance, accounting and economics

Location:
Espoo
Level:
Intermediate

Advanced courses

Image for course subject

Sustainable Investing

Finance, accounting and economics

Location:
Helsinki
Level:
Advanced
Image for course subject

Konsernilaskenta

Finance, accounting and economics

Location:
Espoo
Level:
Advanced
Image for course subject

Ylempi vakuutustutkinto, YVTS

Finance, accounting and economics

Location:
Helsinki
Level:
Advanced
Image for course subject

Certified Anti-Money Laundering Specialist (CAMS)

Finance, accounting and economics

Location:
Online
Level:
Advanced
Image for course subject

Business Controller liiketoiminnan strategisena kumppanina

Finance, accounting and economics

Location:
Helsinki
Level:
Advanced

Executive courses

Image for course subject

Mergers and Acquisitions

Finance, accounting and economics

Location:
Helsinki
Level:
Executive
Image for course subject

Aalto CFO Program

Finance, accounting and economics

Location:
Helsinki
Level:
Executive