International Financial Management

first cycle, Master

The participants:
• will learn about cost management and controlling approaches as functions of management in the application of basic business administration knowledge and skills, particularly in relation to SME’s, sports, culture, and events.
• will learn and be able to demonstrate project management skills and the ability to perform cost and income statement analysis.
• will learn and be able to demonstrate the application of planning and control systems as well as direct costing and break-even analysis.
• will learn and be able to demonstrate the ability to perform calculation of contribution margins and common cost analysis.
• will learn and be able to demonstrate the ability to identify and analyze appropriate key performance indicators.
• will be able to carry out the planning and budgeting for specific event concepts and to find the starting points for value-based controlling.
• will be able to assess the resulting competitive advantages through efficient cost structures.

not applicable

The course will build on the approaches to value-based controlling, utilizing:
- Zero based budgeting
- Performance measurement
- Contribution margin calculation

Concepts examined will include:
- Basic budget planning
- Classification in the planning process
- Assessment of organization and project success
- Actual vs. target comparisons
- Key performance indicators

Eun, C. S., Resnick, B. G., & Chuluun, T. (2023). International financial management (10th ed., International Student Edition). McGraw-Hill Education.
Berman, K., & Knight, J. (2008). Financial intelligence for entrepreneurs: What you really need to know about the numbers. Harvard Business Press.

Exam

English

4

integrated course

1