At a glance
Financial accounting is the language of business, and is important for creating transparency in the capital markets. Managerial accounting is how accounting models and reporting are used to improve strategic decision making and strategy execution within organisations.
The state of a company’s health is measured by its numbers. You’ll learn to interpret financial statements and communicate figures to investors, managers and other stakeholders over this key part of the programme.
This course is led by Filip Roodhooft.
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[MUSIC PLAYING] FILIP ROODHOOFT: Hello, I'm Filip Roodhooft. I'm the course leader for the Financial and Managerial Accounting course. We are here in the beautiful library of the KU Leuven and we are filming some sequences for my Online MBA course. In this course, we will discuss as well financial accounting. This is external reporting to the capital markets and also internal reporting. And internal reports are used for strategic decision making and strategy execution in our companies.
Approach to learning
To understand the vital role of cost and management accounting information for today's organisations, covering the analysis of various costing systems, decision making processes, budgeting, responsibility centre structures, strategy mapping and balance scorecards.
During the Financial and Managerial Accounting course you will examine:
- The financial accounting language and framework.
- The difference between external reporting (via capital markets) and internal reporting (used for strategic decision making and stratergy execution).
- Working capital components including Receivables and the cash conversion cycle.
- Accounting treatment of fixed assets: Plant, Property and Equipment (PPE) and Intangible transitions.
- The idea of impairment and Other Comprehensive Income and how these impact financial reports.
- The impact of equity transactions on the financial statements of companies.
- The different models used to create transparency in cost and probability figures of companies.
- The different performance measurement modules including financial and non-financial measures.
- The contribution that managerial accounting makes to the decision making in our companies.
Knowledge into action
At the end of this course, participants will be able to:
- Understand the financial accounting language and framework.
- Evaluate the accounting treatment of working capital components.
- Explain the accounting treatment of fixed assets (PPE and intangibles).
- Identify the accounting treatment of shareholder’s equity.
- Evaluate the financial impact of decision making.
- Explain systems that create transparency in cost and profit figures.
- Evaluate performance measurement systems (financial and non financial).
- Apply the financial accounting language and framework.
- Create systems that create transparency in cost and profit figures.
- Create performance measurement systems (financial and non financial).
- Undertake external and internal reporting.
What the course leader has to say:
“I was impressed by the progress the participants made in 7 weeks in my accounting course. The combination of online modules with live sessions clearly showed its usefulness.
To my great satisfaction most participants told me after the course that their learning journey now has impact on their professional life.”
Filip Roodhooft, lead on the Financial and Managerial Accounting course.
Financial and Managerial Accounting webinar
Watch Filip Roodhooft, Professor of Accounting and Steve Muylle, Online MBA Academic Director in this Financial and Managerial Accounting info session and discover what the course covers. Watch here.