Management AccountingLaajuus (5 cr)

Objective

The purpose of this course is to enhance students’ knowledge and understanding, and intellectual skills in management accounting. Active participation and studying on the course will develop students' skills to
- demonstrate theoretical and conceptual knowledge to identify and analyze business problems in global context (KU1)
- select, analyze, and evaluate business data and information and transform raw data into useful and actionable information (IS1)

According to above Intended Learning Outcomes (ILOs) students are trained to use management accounting data and other information in organizational decision making process. They are also expected to understand different management accounting functions and know how to apply diverse management accounting techniques, methods and tools in different business situations. The students understand the relevance of high quality accounting information and their multiple interpretations in the business life, which can lead to different types of planning, strategies, and decision making.

Content

Basic cost concepts and cost behaviour, absorption costing, activity based costing, marginal costing, pricing, planning and budgeting, capital investment appraisal, financial ratios, financial statement analysis.

Qualifications

First year courses or Financial Accounting completed

Assessment criteria, satisfactory (1)

The general criteria of the competences that the Bachelor's Degrees awarded by Finnish Universities of Applied Sciences provide can be found on JAMK's web pages (http://www.jamk.fi/english/forstudents/studyguid e). The learning outcomes of individual courses are assessed in relation to the objectives of the course concerned. Assessment is based on knowledge, skills and competence in accordance with the National and European Qualifications Framework, level 6.

1 (Sufficient): The student knows the basic requirements of conducting profitable business (KU1).

2 (Satisfactory): The student has satisfactory knowledge on how to analyze financial statements (KU1).

3 (Good): The student can conduct financial statement analysis and investment analysis (KU1 and IS1).

4 (Very good): The student can analyze the cost structure of any product or service using appropriate costing methods(KU1 and IS1).

5 (Excellent): The student utilizes management accounting tools perfectly and provides information-based managerial insights and suggestions for decision-making purposes(KU1 and IS1).