Management Accounting (5 cr)

Evaluation scale

H-5

Content scheduling

The aim of the implementation is to give an overview of business control systems, the internal economy of operations and the importance of strategic management accounting in the implementation of the company's strategy.

The student deepens and expands his knowledge so that he knows how to use management methods and management accounting as a management aid in both strategic and operational functions. As individual themes, the implementation includes elements related to profitability analysis, planning, monitoring, forecasting and decision-making.

Objective

After completing the course, a student can:
- calculate product costs and set the price to a product pr service

- utilize contribution margin analysis in various short-term calculations

- utilize linear programming

- make investment calculations

- prepare the separate budgets which lead to the main budgets

Content

- pricing
- short-term alternative calculations
- linear programming
- investment calculations
- budgeting

Materials

The material needed for studying is mainly in the electronic learning environment (ITslearning). Part of the material consists of other literature in the field, magazines and material possibly provided by companies.
Literature:
Horngren et al., Introduction to Management Accounting (2008 or later),
Drury C. 2004. Management and Cost Accounting 6th Edition. Thomson Learning. London.
Other applicable source literature, for example Management accounting (Neilimo), Company accounting (Ikäheimo, Lounasmeri, Walden) or Accounting (Jormakka). Financial management and cost accounting, Järvenpää, Marko et al.

Teaching methods

Lectures, assignments, exploratory learning, cases and exam. Possible assignments from different companies.

Exam schedules

To be discussed in the first lecture in connection with the review of the implementation plan.

Pedagogic approaches and sustainable development

Pedagogical methods emphasize exploratory learning and problem-oriented learning. Sustainable development is integrated as part of the implementation, and it can be seen, for example, through ESG.

Completion alternatives

No alternate way.

Student workload

Literature, active participation in lectures and exercises. Assignments are given both orally and in writing during lectures. All assignments are returned, which is a prerequisite for getting a grade. An empty document or file is interpreted as a return. At the end of the implementation, a self-evaluation and possible group evaluations are performed, which must be done and returned to receive a grade.
The implementation may include assignments given by companies.

Estimated workload:
• 135 hours of work

Evaluation methods and criteria

The course is built on the principles of continuous assessment so that the integrated assessment of the process leads to final results. Assessment is versatile and comprehensive because it is related to the entire learning process. Typically, teamwork includes a group/team peer review, which is part of the formation of the overall grade and a mandatory task.

Failed (0)

All tasks and/or Cases have not been made or returned. The summed up result for the assignments does not exceed 50% of the total score.

Assessment criteria, satisfactory (1-2)

All Tasks and Case(s) Made and Returned. The summed up result of assignments and Case(s) is 50% - 65% of the total score.

Assessment criteria, good (3-4)

All Tasks and Case (s) Made and Returned. The summed up result of assignments and Case(s) is 66% - 85% of the total score.

Assessment criteria, excellent (5)

All Tasks and Case (s) Made and Returned. The summed up result of assignments and Case(s) exceeds 85 %.

Further information

To be discussed in the first lecture in connection with the review of the implementation plan.