Management AccountingLaajuus (3 ECTS)

Objective

Upon completing this course the student will:
- Understand the importance of financial budgeting and control
- Understand the various costing methods and their effects on pricing
- Conduct financial analyses of strategic and operational decisions
- Understand the principles of investment appraisal
Students will be able to
- Construct cost analyses of production and sales processes
- Understand the consequences of costing decisions on pricing
- Construct cash flow forecasts and budgets
- Apply investment appraisal techniques

Content

• Costing methods
• Pricing
• Overheads and overhead absorption
• Budgetary control and budget setting
• The impact of costing methods on pricing strategies

Qualifications

English Language Proficiency

Assessment criteria, satisfactory (1)

Sufficient performance: showing just enough understanding of the subject to merit a pass grade but requiring greater effort to achieve a more satisfactory result

Assessment criteria, good (3)

Good performance: showing strong understanding of basic concepts and good grasp of techniques, but with certain minor problems still requiring further attention

Assessment criteria, excellent (5)

Excellent performance: not only fulfils all standard requirements but demonstrates originality and imagination