Management accounting and business gameLaajuus (5 cr)

Objective

You show that you are familiar with the basics of management accounting.

You can evaluate the profitability of an enterprise.

You can apply the most common price setting methods.

You show that you are familiar with the basics of investments, you can recognise economic interrelations of business and you can participate in enterprise business planning as a team member in business game.

You can apply theoretical knowledge and skills in realistic business decision-making situations.

Content

What is the role of management accounting in decision making?

How to categorize the revenues and costs of an enterprise?

How to apply the cost-volume-profit analysis when evaluating the profitability of an enterprise?

How does the price setting affect the profitability of an enterprise?

How does an enterprise operate, and what are the economic interrelations of different activities?

How to plan, budget, implement and analyse the activities of an enterprise?

Evaluation

Students can

a. use professional vocabulary and concepts in an expert way in different situations.

c. work as team members in working life expert duties and identify and describe the problems of the professional field.

d. evaluate operations in customer, user and target group situations.

e. choose appropriate models, methods, software and techniques according to the purpose and justify these choices.