Week 1.........................................................................................................................................................2
Lecture Framework financial analysis......................................................................................................2
YouTube videos – accounting..................................................................................................................3
Financial versus managerial accounting...............................................................................................3
Gross profit margin (GPM)...................................................................................................................3
Operating profit margin (OPM)............................................................................................................4
Net profit margin (NPM)......................................................................................................................4
Working group practicing financial analysis.............................................................................................4
Week 2.........................................................................................................................................................5
Lecture Framework management control system/ performance measurement system.........................5
Working group financial analysis.............................................................................................................6
Week 3.........................................................................................................................................................8
Lecture Introduction group project.........................................................................................................8
Working group management control systems.........................................................................................8
Week 4.......................................................................................................................................................10
Lecture Advice framework introduction into advice-giving and advice-taking literature......................10
Working group implementation and advice..........................................................................................11
Week 5.......................................................................................................................................................11
, Lecture Panel debate.............................................................................................................................11
Working group peer feedback...............................................................................................................11
Week 6.......................................................................................................................................................12
No lecture..............................................................................................................................................12
No working group..................................................................................................................................12
Week 7.......................................................................................................................................................12
Lecture Recap and questions.................................................................................................................12
Extra material............................................................................................................................................12
YouTube videos.....................................................................................................................................12
Business Dictionary – What is organizational structure?...................................................................12
Market Business News Video Dictionary – NL What Is organizational structure?..............................12
Rutgers Accounting Web – Management control..............................................................................13
Paulino Silva – Management control systems....................................................................................14
WHY on Controlling – Management control......................................................................................15
Tom Malone – Decentralized decision making..................................................................................15
Week 1
Lecture Framework financial analysis
Role of financial analyses:
1. Analyze the financial health of an organization and make improvement suggestions
2. Give advice on a decision with financial consequences
Ratios are the guiding stars for the management of organizations. They provide their targets and
standards. They are helpful to managers in directing towards long-term strategies and effective short-
term decision-making. Ratios are used similarly to how doctors use diagnostics to assess health
conditions: a T-cell count if she expects an immunodeficiency disorder.
Ratios require a norm/standard. Medical norms differ per age/gender. Ratio's interpretation differs per
sector/environment. A simple measure does not suffice (interrelations).
Assets, liquidity, profit.
Balance sheet: an instant snapshot of the assets used and of the funds related to those assets. It is a
statistic document relating to one point in time. We therefore take repeated snapshots at fixed intervals
– months, quarters, years – to see how the assets and funds change with the passage of time. It shows a
state, not a flow!
Income statement/profit or loss account: measures the gains or losses from both normal and abnormal
operations over a period of time. It measures total revenues and deducts total cost. Not a photo, but
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, creditcard of Stuvia-tegoed voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper Merel21. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €11,49. Je zit daarna nergens aan vast.