Student guide Faculty of Engineering A.Y. 2011/12

This course provides students with the knowledge and advanced business management tools needed to address typical managerial decisions. To take such decisions, managers and entrepreneurs must first identify the business processes. Then they can set up a system for collecting relevant information to take rational decisions.

Identifying corporate processes

Management by processes:

-          mapping processes

-          defining strategic objectives and performance indicators

Objectives, elements and requirements of a management control system

Break even point and relations costs-volumes-profit

Relevant information and decision making: marketing decisions

Relevant information and decision making: production decisions

Assignments and written exam. Also the active participation of the students during the lessons is also evaluated as well as the commitment in the assignment presentation and solution.

Horngren C.T., Sundem G.L., Stratton W.O. Introduction to Management Accounting, Pearson Prentice Hall.

Teacher’s materials and exercises