Management Accounting and Control in Service (5 ECTS)

Location and time

Online Zoom sessions:

Materials

Suggestions, Management Accounting books: Drury, Colin. Management and Cost Accounting Gowthorpe, Catherine. Management accounting Atrill, Peter. Accounting and finance for non-specialists. Find books on Management Accounting (not Financial Accounting). You need a basic book on management accounting for the orientation and module 1 assignments. Articles, videos and podcast links will be given when the course starts.

Evaluation methods and criteria

The final grade for this course is a weighted average of your assignments. The weights are: Individual assignments: 70% Team work: 30%

Student workload

5 ECTS = 135 hours of student work The course is divided into five modules. Estimated time required: 1. Orientation and Introduction to Management Accounting: 10 hours 2. Cost Accounting and Pricing (Excel assignments and discussion): 15 hours 3. Budgeting and Control (Excel budgets for case company): 35 hours 4. Essay: 40 hours 5. Team work, presentation, peer review: 35 hours

Content scheduling

1 Orientation, management accounting basics, info about the assignments on cost accounting and budgeting 2 Workshop Cost accounting 3 Workshop Budgeting 4 Team presentations

Assessment criteria, satisfactory (1-2)

Student is able Knowledge base: To gather, process, produce and evaluate information widely. To use concepts of the area of expertise systematically. Problem solving: To solve problems in research, development and/or innovation activities. Development: To recognise and analyse focuses of development making use of the knowledge base. Communication: To communicate clearly both orally and in writing.

Assessment criteria, good (3-4)

Student is able Knowledge base: To gather, process, produce and evaluate information critically and widely making use of both national and international scientific sources. To use concepts of the area of expertise fairly. Problem solving: To solve problems in research, development and/or innovation activities by applying and combining information from different fields. Development: To create target-oriented, justified development plans considering the community. Communication: To communicate in a competent, clear and consistent manner both orally and in writing.

Assessment criteria, excellent (5)

Student is able Knowledge base: To create a consistent framework/knowledge base making use of both national and international scientific sources in a critical analytic fashion. Problem solving: To solve demanding problems in research, development and/or innovation activities where new knowledge and competence is created as well as to apply and combine information from different fields. Development: To develop the activities of the competence area in a target-oriented and communal fashion Communication: To communicate convincingly both orally and in writing to audiences within and exterior to the field.

Teaching methods

This course includes Zoom sessions, individual Excel assignments, and team work on a chosen topic.

Further information

This accounting course is for students studying in different master's programmes. Students who have no background in accounting are also welcome. This course is about learning to "speak the language of accounting" which is the language of the management. You will learn to explain the importance of cost accounting and budgeting for decision making, and you will learn to make Excel budgets for a small company.You will learn about different key performance indicators in the service development context, how customer profitability can be analysed, and you will develop your skills in cost accounting and pricing.

Evaluation scale

H-5