Management Accounting & Controlling

Department

European Master in Health Economics and Management

Course unit code

EU-HEM-M3.4

Number of ECTS credits allocated

5.0

Name of lecturer(s)

Dr. Williams David

Mode of delivery

-

Recommended optional program components

none

Recommended or required reading

https://online.hbs.edu/Documents/managers-guide-to-finance-and-accounting.pdf?hsCtaTracking=ae4045ae-b2d0-4f48-af89-dbb5e380c03a%7C298bed1b-80cd-408c-97d5-7bd929c0fec4https://www.mgma.com/resources/financial-management/developing-a-pro-forma-financial-statement

https://mail.google.com/mail/u/0/#inbox/WhctKKXgkHXZRstRblBsrRhGFVpkgwxzfHcjVnMmLcQsFFrHdMbPLPFZGJTcsMhPFbdvSsQ?projector=1&messagePartId=0.2

Level of course unit

Master

Year of study

Fall 2025

Semester when the course unit is delivered

3

Language of instruction

English

Learning outcomes of the course unit

Having completed the module, students
• Will understand the legal framework for financial reporting standards.
· Will understand the importance of control as a management and management support tool with special reference to the following aspects, which are presented with the help of practical examples:
- Focus on cost and managerial accounting, especially on full and variable accounting
- Select operative analysis tools
- Integrated planning and budgeting
· Are prepared to apply this knowledge in practice.
· Are able to classify and systematically record the financial transactions of a business.
· Are familiar with accounting regulations and the individual steps of preparing an annual financial statement.

Course contents

Legal basis and principles of external accounting
Financial statement analysis on the basis of manage-ment ratios
Quick test for an initial assessment of an enterprise’s financial stability and earning power
Financial and earnings analysis
The role of the controller
Operative (budget) cost, revenue and profit accounting – an important basic tool for the controller
Integrated planning and budgeting

Planned learning activities and teaching methods

The course comprises an interactive mix of lectures, discussions and individual and group work. Virtual meetings will be a combination of live sessions and recorded lectures. In person classes will consist of lectures, group work and group facilitation related to a project and budgeting.

Work placement(s)

none