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AF101: Managerial Accounting and Financial Control

Session: One

Prerequisites: None

Professor Alnoor Bhimani

Enterprises must today navigate in markets affected by global forces, advances in internet-based technologies and increasingly sophisticated corporate strategies used by competitors. At the same time, the interface between business and financial management is becoming more complex and more significant in determining high corporate performance. 

This course analyses perspectives and techniques in accounting and financial control and considers how they are used by modern enterprises to effectively manage in competitive business environments. Its focus is on managerial decision making and the use of accounting and financial management tools under varying strategic and operational market conditions.

The course explores widely used managerial accounting and financial control techniques as well as cutting edge operational, marketing and competitive decision making practices. It discusses key concepts in the area and adopts a very applied learning approach. Extensive use of cases is made to explore practical techniques.

Some specific topics covered include:

  • Incremental costing
  • Break-even analysis
  • Activity-based management
  • Balanced scorecards
  • Target cost management
  • Quality costing and e-business costing concerns

The course further addresses a variety of performance-based strategic management and accounting considerations and considers also international financial management issues.

A. Bhimani Strategic Finance:Achieving High Corporate Performance  Strategy Press (2013).

Lectures: 36 hours    Classes: 12 hours
Assessment: Two written examinations