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

Other study materials are provided by the teacher in class or via the Learn platform.

Study forms and methods

• The course is carried out by way of contact teaching on Savonlinna campus according to a weekly schedule. Remote participation is not possible. As a rule, scheduled contact
lessons are not recorded nor duplicated by online lectures. Some lesson activities are carried out in a simulation environment. Participation in simulation exercises is mandatory.
• Students make progress by attending scheduled lessons and completing tasks and assignments individually or in groups. The course consists of 20 lessons
and individual and small-group assignments. In addition, simulation exercise must be completed.
• The teacher provides guidance during and after contact lessons.
• The assessed assignments are completed independently/in groups
• Feedback is provided by different methods, in writing and/or orally. Also, peer feedback can be used.

RDI and work-related cooperation

The assignments are based on the needs of operators in the field.
A project assignment is completed in groups.

Timing of exams and assignments

An assignment must be completed at the end of each section of the course. There is no exam in this course.

The course entails weekly assignments. A project assignment must be completed in a small group by the end of the course.

The end date of the course is presented in the course details. By this date, the student must submit all assignments, take the required exams and meet all other conditions set for an approved course completion.

Student workload

• 1 ECTS credits equals 27 hours of work by the student.
• In a 5-credit course, the student's total maximum workload is approximately 135 hours including lessons, group work and independent study.

Evaluation scale

1-5

Assessment methods and criteria

The student’s performance is assessed with reference to the learning objectives and assessment criteria of the course. The completion of the course requires the study assignments have been completed with a passing grade. (1-5)

Qualifications

Business and financial mathematics, or equivalent knowledge