Subject name |
Management Accounting |
Study |
Master in Business Administration |
ECTS |
3 |
Four-month period |
Third four-month period, third module |
Type of subject | Compulsory |
Management accounting is the process in which financial numbers are transformed into information that is useful for financial decision making. The course rings true with all members who work in organizations throughout: how to collect, compile and analyze information that is useful for making financial judgement. What and where to invest? How much to borrow? How is financial performance for the year? How wealthy are we? Moreover, the class contains elements of forecasting and constructing pro-forma financial performance. How well will we do next year? How is our projected wealth and income?
The class has a strong focus on various financial elements such as the income statement, balance sheet, and the cash flow statement. Moreover, tools to analyze financial performance are presented, such as ratio analysis. The latter will help provide shortcuts for a quick understanding of a firm’s performance and business position. No prior knowledge or experience in financial matters is required.
General Competences
Specífic Competences
Transversal Competences
Unit 1. The Fundamentals of Financial Statements
Introduction
Elements of the Balance Sheet
Elements of the Income Statement
Financial Numbers in a Political World
The Balance Sheet
FORTUNY Inc.
Master Class
Unit 2. How Did We Do This Year? The Income Statement (I)
Introduction
The Concept of Depreciation
Special and Extraordinary Items
Income Statements and Financial Information
Income Statement and the Measurement of Performance
Income Statement, Dividends and Wealth
Master Class
Unit 3. Cash is King: The Cash Flow Statement
Introduction
The Concept of Accruals Within the Cash Flow Statement
Depreciation in the Cash Flow Statement
The Relationship Between the Balance Sheet, Income Statement, and Cash Flow Statement
Cash Flow Statements in Action: Asya Inc.
Bibliographical References
Master Class
Unit 4: Forecasting
Introduction
Basics of Forecasting
Forecasting the Income Statement
Forecasting the Balance Sheet
Forecasting the Cash Flow Statement
Further Issues
Examples on Forecasting (from Simple to Hard)
Master Class
Unit 5. The Big Picture: Financial Numbers and Firm Strategy
Introduction
Amazon
Boeing
BP
Financial Statements
Master Class
Unit 6. Ratio Analysis
Introduction
Income Statement Ratios
Balance Sheet Ratios
Cash Flow Statement Ratios
Beginning of the Year, End of the Year or Average Values?
Ratios in a Downturn
Analysis of AppleMaster Class
The different tasks and activities programmed during the semester have been developed with the goal of adapting the learning process to the different capabilities, necessities and interests of the students.
The activities included in the subject are:
In the weekly program you can find the specific tasks you need to complete in this subject.
These activities are combined with the following aspects:
The hours dedicated to each activity are detailed as follows:
Assignments |
Hours |
Assistance to virtual classes | 10,0 |
Basic material study | 14,0 |
Additional resources readings | 9,0 |
Task and practice cases | 19,0 |
Self-evaluation test | 13,0 |
Individual and group tutoring |
15,0 |
Collaborative work, forums, debates, etc. | 10,0 |
Master's Dissertation work development | - |
Final evaluation | - |
Total |
90 |
Basic bibliography
The necessary texts for the study of this subject have been elaborated by UNIR and are available in a digital format to consult, download or print inthe virtual classroom.
The evaluation system is based on the following numerical chart:
0 - 4.9 |
Suspenso (D) |
(SS) |
5.0 - 6.9 |
Aprobado (C) |
(AP) |
7.0 - 8.9 |
Notable (B) |
(NT) |
9.0 - 10 |
Sobresaliente (A) |
(SB) |
The grade is made up of two components:
On-site final exam (60%). At the end of the semester, you need to assist a mandatory on-site final exam. You need to pass the final exam so the grade obtained from the assignments (continuous assessment) is summed up to the final grade of the subject.
Continuous assessment (40%): this type of assessment will be measured through the different assignments you need to complete during the course:
Remember that you can check the points (value) of each assignment in the weekly program.
Assessment method |
Min. Score |
Max. Score |
Participation in forums, classes, etc. |
0% |
15% |
Task, practice cases and activities |
0% |
15% |
Additional readings |
0% |
10% |
On-site final exam |
0% |
60% |
Dr. Garen B. Markarian
Education: Dr. Markarian has 15yrs+ experience in management education at the undergraduate, masters, executive, and Ph.D. level. He currently is the academic co-director of the Venture Capital and Private Equity executive education program, and the co-director of the WHU risk management program partnered with the Stockholm School of Economics. Dr. Markarian has earned a B.S. in biology from American University of Beirut, and a Ph.D. from the Weatherhead School of Management at Case Western Reserve University..
Professional experience: Garen Markarian holds the chair of financial accounting at WHU - Otto Beisheim School of Management. As an international scholar specializing in corporate finance and governance, he has taught at IE Business School (Madrid), HEC (Paris), Bocconi, (Milan), Concordia (Montreal), Rice (Houston), and Case Western Reserve (Cleveland). He has previously held the position of First Regional Economic Officer for Western Asia at the United Nations.
Lines of research: Dr. Markarian has extensive experience in research on governance mechanisms, executive compensation, the banking crisis, stock markets, and financial statements and valuation.
Studying online means you can organize your study as you wish, as long as you meet the due dates of the different assignments (activities, tasks and tests). In order to help you, we propose the following steps:
Remember that in the virtual classroom of the master you can check how the different tools of the virtual classroom work: email, forum, online classes, sending the tasks, etc.
Please, take into account the following tips…
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