Strategic Management Accounting (5 cr)

Objective

Upon completion of the course students will understand the connection between strategy, management decisions and calculations required by the management.
The student will be able to do investment calculations and create budgets and forecasts for managing an organization and remember the basic concepts of the field.

Content

- Investment calculations
- Budgeting
- Forecasting
- Sustainable strategic decision making
- Ethical values in management accounting

Location and time

Spring 2025

Materials

Järvenpää-Länsiluoto-Partanen-Pellinen: Talousohjaus ja kustannuslaskenta. 2. uudistettu painos.
Material at Moodle

Supplementary reading:
Pellinen: Kustannuslaskenta ja kannattavuusajattelu. Alma Talent Oy. 3. uudistettu painos. (Löytyy Alma Talentin verkkokirjahyllystä).

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

Teaching methods

Activating lectures
Guided exercises
Learning tasks
Exam

Exam schedules

Exam in April 2025
There will be two re-exams:
First re-exam in May 2025
Second re-exam in June 2025

Completion alternatives

Contact the teacher.

Student workload

Contact lessons approximately 40 hours
Exercises and independent studying 95 hours
Total 135 hours

Further information

Contact lessons and there are an exam and compulsory exercises included in the course. Attendance in contact lessons has an effect on course grade.

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 60%
Course assignment 20%
Point assignments 10%
Classroom tasks to be submitted 5 %
Attendance 5 %
Total 100%

The students will need textbook to complete learning tasks.

Points will always be deducted for all late submissions. One can no longer earn points for the task after the answer has been discussed in class or the answer has been given to the students.

Grading the course

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

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

Qualifications

Basics of accounting or equivalent competences