Accounting information for decision-making (MASTER)

Learning, which accounting information are needed for various business decisions
Developing the knowledge of financial statements and the impact of various decision on business performance
Performing financial statement analysis
Defining the role of auditing for true and fair reporting
Understanding costs and their different classifications
Understanding management accounting tools and techniques for decision-making

I. Financial accounting information
I. 1. Understanding fundamental financial statements and the effects of various managerial decisions on profit, financial position of the company and taxes
I. 2. The importance of cash flows
I. 3. Responsibility of managers for financial reporting and the role of auditing
I. 4. Financial statement analysis: key financial indicators for understanding profitability, asset turnover, financial position and liquidity of the company
I.5. Sustainability/ESG reporting

II. Managerial accounting information
II.1. Cost concepts and cost clasiffications
II.2. Cost Volume Profit Analysis
II.3. Contemporary costing methods
II.4. Relevant costs for decision making
II.5. Product and customer profitability analysis
II.6. Budgeting and control
II.7. Evaluation of business decisions
II.8. The link between performance measurement and managerial incentive system
II.9. Management accounting for sustainability