Management Accounting (5 ECTS)

Objective

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

Content

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

Materials

Management accounting for decision makers: McLaney, E. Atrill, P.
Other materials introduced in the course

Teaching methods

Interactive lecture
Assignments, practical work
Guided assignments

Further information

Prerequisite course: Business accounting

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
Learning assingments

Qualifications

Business Accounting or equivalent competences