This course provides an overview of accounting management in today’s organizations. It examines strategic financial planning for an organization and the role of the accounting function in supporting and guiding organizational strategy. The course defines accounting management and financial information systems and describes how effective financial controls and accounting practices can be core competencies for organizations.
Strategic challenges will be discussed regarding managing financial resources, ensuring regulatory and legal compliance, addressing risks related to budgeting and forecasting, and responding to financial reporting pressures. Additional topics include cost management, internal controls, ethical considerations in accounting, and the integration of financial data into managerial decision-making.
Furthermore, the development and use of accounting metrics are explored, along with specific strategic accounting tools such as variance analysis, activity-based costing, financial ratios, return on investment (ROI), and internal audits. Emphasis is placed on how these tools enhance organizational transparency, strengthen financial performance, and support long-term strategic success.