Management AccountingLaajuus (5 cr)

Objective

Upon completion of the course, the student
• understands the importance of information provided by management accounting in decision-making
• understands costing methods, such as total costing and activity-based costing, which will be compared and contrasted, so that their impact in sustainability, pricing and strategy is understood
• is able to draft a budget for management planning
• is able to perform a profitability analysis
• understands the components of working capital.

Content

• Working capital management
• Cost accounting
• Budgeting
• Profitability analysis and pricing
• Capital budgeting
• Performance and ESG measurement

Qualifications

Business Accounting or equivalent competences

Assessment criteria, satisfactory (1)

The student
• has achieved the objectives of the course to a satisfactory level
• is able to identify, define and use concepts and models in the subject area of the course
• understands the conditions and principles of the development of expertise.

Assessment criteria, good (3)

The student
• has achieved the objectives of the course well, although there are still areas where knowledge and skills need to be improved
• has a good understanding of the concepts and models of the subject matter of the course and is able to carry out a reasoned analysis
• is able to apply what they have learned in leisure, learning and working life situations
• understands the importance of expertise in business and is able to analyse their own expertise.

Assessment criteria, excellent (5)

The student
• has achieved the objectives of the course with excellent marks
• has an excellent command of the concepts and models of the subject matter of the course
• is able to analyse clearly and reasonably and propose practical development measures
• has a good ability to apply what they have learned in leisure, learning and working life situations
• is able to analyse expertise in business and their own development towards expertise.

Assessment criteria, approved/failed

The student
• has achieved the objectives of the course to a satisfactory level
• is able to identify, define and use concepts and models in the subject area of the course
• understands the conditions and principles of the development of expertise.