BUS316 ABC and Tools for Financial Management

• Key concepts in traditional and strategic financial management
• Basics of calculations and calculation in financial management
• Historical development of various methods within financial management
• What is ABC, how and why, and for whom?
• Different philosophies for Activity Based Costing
• Organization of an ABC project, how to carry it out in practice

• In-depth study of the main steps in an ABC analysis, including:

  • Understanding of cost objects - customers, products, services, orders, projects
  • Activity studies and activity analysis
  • Resource analysis
  • How to select relevant cost drivers for analysis
  • Revision of estimated contribution margin and direct cost.
  • Compilation of results
• How to use results from the analysis - financial business management with ABC

Knowledge

The student

• has comprehensive knowledge of the most important tools for financial business management
• has in depth knowledge of which methods of financial management suit which companies, industries, company size and situation
• has knowledge of the development of ABC and ABC place in the landscape of financial business management

Skills

The student can

• Analyze results from the most important financial business management tools
• structure an ABC analysis
• create a ABC model
• interpret the results of an ABC analysis in depth
• can define cost drivers, activities and cost objects for an ABC analysis

General competence

The student

• can contribute to creating a solid foundation for financial business management in a company
• can plan and carry out analysis for financial business management
• can analyze the findings from an advanced financial business analysis
• can communicate findings from an advanced financial business analysis