Controller Tools (5 cr)

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

March - May 2025 at Myyrmäki campus

Materials

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

Extra literature:
Järvenpää, Länsiluoto, Partanen, Pellinen: Talousohjaus ja kustannuslaskenta
Tomperi: Kehittyvä kirjanpitotaito, luku 9 Rahoituslaskelma

Teaching methods

Assigments and exam
Lectures and exercises individually and in groups.

Exam schedules

Exam 8.5.2025, retakes May-June

Completion alternatives

N/A

Student workload

1 credit equals 27 working hours, whole course: 5 cr x 27 h = 135 h

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 50 %
Group work assignment 10 %
Individual assignments 35 %
Attendance 5 %
Total 100 %

Qualifications

Business Accounting or equivalent competences