In order to make the best possible decisions, managers in the cultural industries use information that is produced by company information systems. In this regard, the financial information produced by a company’s accounting system is of the utmost importance. In several countries, company financial statements are now being presented according to International Financial Reporting Standards (IFRS).
This course is aimed at acquainting managers, who may be called upon to read financial statements produced in different countries, with the main IFRS rules of presentation.
The second part of the course covers guidelines for using budget control efficiently in order to reach the above objectives.
At the end of the course, students will have a firm grasp of both internal financial management (budgeting) and external financial management (reading financial statements).