e-Learning: Management Accounting (Basic Course)

The e-Learning programme ‘Management Accounting’ comprises’ five didactic modules that include videos in which the expert Prof Dr Andreas Taschner shares his expertise with you. You can also download and print the corresponding presentation documents. Each module ends with an online-test. Once you have completed the modules and passed all the tests, you will be awarded a certificate, which you can print out directly. The e-Learning programme should be completed within three months. Module 1: The role of management accounting in modern business

• Understand the concepts of management, accounting, and control
• Define management accounting and management control
• Distinguish management accounting from financial accounting
• Describe the role of a controller in an organization
• Understand how companies structure the management control function
Module 2: Cost accounting info for decision making in business
• Understand how cost accounting information is used in business situations
• Explain the basic elements of cost accounting systems
• Understand the basic structure of a cost accounting system
• Explain how modern IT systems support cost accounting
• Illustrate how cost accounting can support managerial decision making
Module 3: Planning and budgeting
• Understand the importance of planning in general and cost planning in particular
• Understand the budgeting cycle
• Understand different uses of budgets
• Understand the use of cost variance analysis for cost management
• Define a master budget, an operating budget and a financial budget
• Understand strengths and weaknesses of traditional budgeting
• Distinguish the various alternatives to traditional budgeting
Module 4: Information management and management reporting
• Understand and describe the role of information in business
• Explain the difference between data and information
• Describe how information demand and information supply can be matched
• Describe the main steps in the management reporting process
• Differentiate the main logical dimensions in management reporting
• Understand current trends in management reporting Module 5: Performance management
  • Understand the purpose and the areas of performance measurement
  • Identify the sources of information about financial performance
  • Define performance indicators and performance measures
  • Compute and interpret important key performance indicators for business
  • Familiarize with performance measurement systems
  The e-Learning programme ‘Management Accounting’ comprises’ five didactic modules that include videos in which the expert Prof Dr Andreas Taschner shares his expertise with you. You can also download and print the corresponding presentation documents. Each module ends with an online-test. Once you have completed the modules and passed all the tests, you will be awarded a certificate, which you can print out directly. The e-Learning programme should be completed within three months Module 1: The role of management accounting in modern business
  • Understand the concepts of management, accounting, and control
  • Define management accounting and management control
  • Distinguish management accounting from financial accounting
  • Describe the role of a controller in an organization
  • Understand how companies structure the management control function
  Module 2: Cost accounting info for decision making in business
  • Understand how cost accounting information is used in business situations
  • Explain the basic elements of cost accounting systems
  • Understand the basic structure of a cost accounting system
  • Explain how modern IT systems support cost accounting
  • Illustrate how cost accounting can support managerial decision making Module 3: Planning and budgeting
    • Understand the importance of planning in general and cost planning in particular
    • Understand the budgeting cycle
    • Understand different uses of budgets
    • Understand the use of cost variance analysis for cost management
    • Define a master budget, an operating budget and a financial budget
    • Understand strengths and weaknesses of traditional budgeting
    • Distinguish the various alternatives to traditional budgeting
    Module 4: Information management and management reporting
    • Understand and describe the role of information in business
    • Explain the difference between data and information
    • Describe how information demand and information supply can be matched
    • Describe the main steps in the management reporting process
    • Differentiate the main logical dimensions in management reporting
    • Understand current trends in management reporting Module 5: Performance management
      • Understand the purpose and the areas of performance measurement
      • Identify the sources of information about financial performance
      • Define performance indicators and performance measures
      • Compute and interpret important key performance indicators for business
      • Familiarize with performance measurement systems