Managerial Accounting and BudgetingLaajuus (5 ECTS)

Objective

On completion of the course the student understands how to direct and monitor the activities and the financial status of a business firm. S/he understands the connection between production and accounting and the consequences of costing decisions on pricing.
S/he is familiar with activity-based costing.

Content

- Concepts of cost
- Product-specific cost accounting
- Overheads and overhead absorption
- Standard cost accounting
- Pricing
- Budgeting
- Cost-unit organization
- Budgetary control and budget setting
- The impact of costing methods on pricing strategies

Assessment criteria, satisfactory (1)

Sufficient performance: the student has completed basic requirements to pass the course and has demonstrated some ability to apply knowledge in the learning assignments related to working life. His/her analytical skills and/or the development approach need major improvement.

Assessment criteria, good (3)

Good overall performance by the student in course work. The student has been an active learner as an individual and in teams. S/he has demonstrated how to apply knowledge in the learning assignments related to analysing and developing working life.

Assessment criteria, excellent (5)

The student has shown excellent performance in all elements of the course. S/he has shown motivation and interest in individual and team learning as well as in sharing one’s expertise. The student has demonstrated well and creatively how to apply knowledge in the learning assignments related to analysing and developing working life.

Assessment criteria, approved/failed

Sufficient performance: the student has completed basic requirements to pass the course and has demonstrated some ability to apply knowledge in the learning assignments related to working life. His/her analytical skills and/or the development approach need major improvement.

Further information

The course is assessed on the 0 (failed) – 5 (excellent) grading scale.