Study Guide

Objective

Upon completion of the course students will be more proficient in exploiting the contribution margin in analysing and forecasting a company’s profitability. The student will be able to calculate a company’s working capital and understand the effects of its components. The student will be able to understand the importance of cash flow calculations and to assess the sufficiency of cash flow. The student will be able to utilize spreadsheet calculations in practical situations and interpret the results

Content

- Contribution margin calculations
- Calculating and managing working capital
- Spreadsheet software

Location and time

Autumn 2022
Lectures on Mondays at 8-11

There is no compulsory attendance in the lessons, but attendance is recommendable. Please note evaluation criterions.

Materials

Material at Oma

Atrill, McLaney: Management accounting for decision makers. Tenth edition.

Teaching methods

Activating lectures
Guided exercises
Learning tasks
Exams

Exam schedules

Exam during week 45

1st re-exam in December 2022 in Exam system
2nd re-exam in January 2023 in Exam system

Further information

The aim is to implement the course as contact teaching, but if the coronary situation so requires, it can be changed to be completely or partly distance teaching.

Evaluation scale

0-5

Assessment criteria, satisfactory (1)

The student has achieved the course objectives fairly. The student will be able to identify, define and use the course subject area’s concepts and models. The student understands the criteria and principles of the expertise development.

Assessment criteria, good (3)

The student has achieved the course objectives well, even though the knowledge and skills need improvement on some areas. The student is able to define the course concepts and models and are able to justify the analysis. The student is able to apply his/her knowledge in leisure, study and work situations. The student understands the importance of expertise in the field of business and is able to analyze his/her own expertise.

Assessment criteria, excellent (5)

The student has achieved the objectives of the course with excellent marks. The student masters commendably the course subject area’s concepts and models. The student is able to make justified and fluent analysis and to present concrete development measures. The student is well prepared to apply his/her knowledge in leisure, study and work situations. The student is able to analyze the business sector expertise and the development of his/her own expertise.

Assessment criteria, approved/failed

The student has achieved the course objectives fairly. The student will be able to identify, define and use the course subject area’s concepts and models. The student understands the criteria and principles of the expertise development.

Assessment methods and criteria

Exam 25%
Learning tasks 25%
Group work 25%
Learning diary 25%

To complete the course students must pass all required tasks and exam (at least with 50% of maximum points).

Learning tasks are returned to Oma. Points from learning tasks are gained by completing and turning in the task in time.

Grading the course

5 total points 90-100%
4 total points 80-89%
3 total points 70-79%
2 total points 60-69%
1 total points 50-49%

The student's completed other task, activity during the course, attendance during the lessons and/or given course feedback can be taken into account as a factor that increases the grade.

Prerequisites

Business Accounting or equivalent competences