Management accounting (5 cr)

Objective

You demonstrate your understanding of the basics of management accounting.
You are able to evaluate the profitability of an enterprise.
You are able to apply the most common price setting methods.
You demonstrate your understanding of the basics of budgeting.

Content

What is the role of management accounting in decision making?
How to categorise 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?
What is the role of budgeting in financial planning?

Course material

Provided when course starts.

Study forms and methods

Scheduled track:
Schedule provided in Learn.

Independent track:
Must be agreed with the teacher beforehand.

Work integrated track:
Student provides a plan created in cooperation with the employer. Plan must be composed according to course contents and goals.

RDI and work-related cooperation

If possibilities occur.

Timing of exams and assignments

Provided in Learn when course starts.

International cooperation

N/A

Student workload

135 h

Evaluation scale

1-5

Assessment methods and criteria

Kiitettävä (5), hyvä (4-3), tyydyttävä (2-1), hylätty (0)

Qualifications

Business and financial mathematics, or equivalent knowledge