Management Accounting (5 cr)

Evaluation scale

H-5

Content scheduling

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

The student deepens and expands his / her knowledge so that he / she is able to use management methods to assist management in both strategic and operational issues related to profitability analysis, planning, monitoring and decision-making.

Objective

After completing the course, a student can
- describe the differeces between management accounting and financial accounting

- describe the basic problems of accounting

- describe the basic terms of costing

- calculate material, labour and capital costs

- allocate costs to cost centres

- calculate product costs

- utilize contribution margin analysis in various short-term calculations

- set the price to a product

- utilize linear programming

- make investment calculations

- prepare the separate budgets which lead to the main budgets

Content

- classification, assessment and assigment of costs
- contribution margin analysis
- 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 electronic literature:
e.g. Bookboon.com

Teaching methods

Lectures, assignments, exploratory learning, cases and exam.

Exam schedules

The final structure of the implementation will be agreed together at the beginning of the implementation.

Pedagogic approaches and sustainable development

Innopeda, Case learning, Problem based learning

Completion alternatives

Possible exam arrangements, to be agreed separately if possible.

Student workload

Literature studies, meaningful participation in lectures and assignments. Assignments are given both orally and in writing during lectures. All assignments will be returned, which is a prerequisite for receiving a grade. At the end of the implementation, a self-assessment and possible group assessments are carried out, which must be done and returned in order to receive a grade.
Implementation may include a business assignment or assignments
Estimated workload
• 135 hours of work

Evaluation methods and criteria

The evaluation is authentic. The course is built on the principles of continuous evaluation so that an integrated evaluation of the process leads to the finalized results. In addition, evaluation is versatile and holistic as it relates to the whole learning process. Typically, group or team work involves a group / team peer review.

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

The final structure of the implementation will be agreed together at the beginning of the implementation. Self-assessment and group assessment are independent assignments at the end of implementation.