Malmi, Teemu

This module provides an understanding of the relevance of financial and related information, for managers and other persons inside organizations, to make strategic, organizational, and operational decisions. Emphasis is on how cost information can be used to support various decisions. Besides supporting decision-making, management control systems are crucial to ensure that strategies are translated into action. The module covers contemporary alternatives for control system design. Management accounting and control systems constitute a core of what is called "corporate performance management" today. The main objective is to help participants to be more effective in using management accounting information and various other control mechanisms to increase their competitive advantage.