Master of Management (MM)

Finance and Managerial Decision Making: Creating Value

Module

The pandemic highlighted the financial problems of companies and prmpted them to revise their strategies. These areas will continue to require special attention from managers, looking for opportunities to justify decisions and predict their impact on the business. The participants of this module acquire specific tools, learn to ask the right questions and get answers about the cost of products, profitability, company cash flows, investment needs, payback, the impact of the decisions made on the business value - this allows them to more quickly assess the impact of changes on the company's financial results, ensuring the company's viability and business value creation even in difficult times of uncertainty.

Dr. Dalia Kolmatsui

Head of Module

Finance and Managerial Decision Making: Creating Value

The objective of the module

The purpose of the module is to respond to the needs of managers who are rising up the career ladder. They often need to obtain basic knowledge of financial management, at the same time to deepen their cost analysis skills, and then to apply them when making decisions on the evaluation of investment projects and increasing business value.

Why should you choose this module?

The module is intended for managers who have ascended their career ladder without completing specialized management and finance studies and became company leaders as excellent specialists in their field, but still lack the financial knowledge needed by managers. The module is not intended for financial management professionals or those company managers who have already completed advanced finance studies.

Module results

After completing the module, you will understand how to make management decisions that allow you to increase the value of the company, based not on intuition, but on management accounting information.

Lithuanian

1 semester

2024 m. spring

Download the module description
Download the module schedule

Details about the module

About module

What will you learn?

Main topics

Lecturers

About module

During the module, you will acquire basic knowledge of financial management, which will allow you to analyze company balance sheets, profit and loss, cash flow reports, and you will also accumulate methodological knowledge that will help you not to make mistakes when evaluating individual company divisions, products and their portfolio, as well as the costs and profitability of services, projects or works. and value to the company. You will learn what cost and efficiency criteria are applied in different situations: what is better - to produce yourself or to buy from outside, using limited production capacities and aiming to optimize the product portfolio?
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What will you learn?

After completing the module, you will understand how to make management decisions that allow you to increase the value of the company, based not on intuition, but on management accounting information. You will learn to analyze financial indicators, you will be able to evaluate financial indicators in the context of other company indicators, based on the system of balanced indicators. You will understand how to evaluate the profitability of investment projects, as well as get acquainted with the methods of tax optimization and internal pricing.

Main topics

Main topics of the module:

Analysis of financial statements
Cost information for management decisions
Cost accounting methods and cost allocation to products
Activity costing methods (ABC and TDABC)
Evaluation of investment projects
Business financial planning (budgeting)
Management accounting solutions based on the theory of constraints (TOC)
Measuring the financial performance of a company
Strategy implementation control system
Internal pricing (Transfer pricing)
Tax optimization solutions
Corporate governance
Methods of determining the value of companies

Lecturers

Doc. Dr. Dalia Kolmatsui

Head of Module
Lecturer at the ISM University of Management and Economics
Associated professor at Vytautas Magnus University
Head of the Pension Funds and Retail Sales Department at INVL Asset Management
Independent business lecturer, consultant in the areas of strategic development, financial management
Member of the Consumer Affairs Committee of the Lithuanian Banks Association
Author of seminars, webinars, press releases on financial literacy, long-term savings, pension savings and
investments

Doc. Dr. Rūta Klimaitienė

Lecturer at ISM University of Management and Economics
Associate professor of Kaunas Faculty of Vilnius University
Author of educational materials on the topics of management accounting and cost accounting at of UAB "Pačiolis"
UAB "Pačiolis" Teaches management accounting, cost accounting at UAB "Pačiolis"
Co-author of the bestselling book "Accounting"

Doc. Dr. Asta Klimavičienė

Associate professor of ISM University of Management and Economics
Doctor of Financial Sciences (Alliance Manchester Business School, University of Manchester, UK)
Author of the online textbook "Financial Management"
Lecturer of internal and open training "Finance for non-financial managers"

Doc. Dr. Algimantas Laurinavičius

Doctor of Social Sciences, Associate Professor of the Faculty of Economics, Vilnius University
General director of UAB "Hanner", member of the board
Business consultant, lecturer
Co-author of the blog laurinavicius.net
Co-author of the book "Guidelines for the Strategic Rise of Lithuania"

Doc. Dr. Antanas Laurinavičius

Doctor of Social Sciences, Associate Professor of the Faculty of Economics, Vilnius University
Financial director of UAB "IKFA", member of the board
Corporate finance and strategic management consultant, lecturer
Co-author of the blog laurinavicius.net
Co-author of the book "Guidelines for the Strategic Rise of Lithuania"

Nerius Jasinavičius

General director of concern "Achemos grupė"
Certified TOC Practitioner, 20 years using and implementing TOC and LEAN
Author of the books "From Craft to Business. The Start"
VU Bachelor of Accounting and Auditing
VU Master of Business Administration
Master of Business Administration, University of Edinburgh

Nerijus Datkūnas

Strategy and management advisor
Member of the board of UAB "Grinda"
Author of the Business Knowledge Academy trainings "Corporate Management" and "Corporate Finances"
Member of the Baltic Institute of Corporate Governance
Member of the Lithuanian branch of the International Coaching Federation
Member of the Board of the Association of Financial Analysts

Algirdas Kviklys

Lecturer
NKT Cables Group Indirect tax manager
IBFD (International Bureau of Fiscal Documentation) correspondent for Lithuania
Author of reports in seminars, webinars, conferences on VAT practice application and risk management issues
Independent tax consultant

Tomas Dacys

Sales manager of INVL Asset Management Institute
"Countline" lecturer on the topics of calculating the financial indicators of companies and determining the value of companies
Passed all three CFA Institute exams and received the internationally recognized Chartered Financial Analyst certificat

WHAT OUR ALUMNI SAY

“This module expanded the arsenal of tools and best management practices used. It was a great opportunity for me to rise above the daily routine and learn how other companies manage their business, what innovations and news there are in management science, and to find new ideas and apply them in my work."

Edita Krasauskienė

Alumnus of the ISM Executive School module "Alumnus of the ISM Executive School module "Finance and Managerial Decision Making: creating Value"

WHAT OUR ALUMNI SAY

„Modulis suteikė man valdymo įrankius, kuriuos iš karto pritaikiau organizacijoje. Vadovaudamasis įgytomis žiniomis įmonėje įdiegiau naują produktų kainodaros sistemą, kuri padeda mums greičiau ir tiksliau priimti sprendimus. Taip pat, pritaikęs TOC metodikas įdentifikavau butelio kakliukus gamyboje, kurių plėtra ir optimizavimas yra prioritetas.“