Opetussuunnitelmat

Objective

You are aware of the current academic debates and practitioners discourses in the discipline of managerial accounting and you are also able to observe and analyze them in the real life. You display an ability to critically follow and analyze the information in the field and area of study. You recognize the challenges in the discipline managerial accounting and you are able to develop your knowledge and practical skills in managerial accounting. You are able to evaluate, develop and reform managerial accounting practices in a business organization.

Learning Outcomes: The purpose of the Management Accounting course is to enhance your knowledge and understanding, and intellectual skills principally in the field of accounting data analysis, which can be subsequently applied to make interpretations and draw inferences in the field of corporate finance, corporate governance and financial management.
The course aims to develop the following Intended Learning Outcomes (ILOs):
- 1. Applied Business Skills (IBBUS)
Analyzing the financial statements of corporates to ascertain their financial health by applying various techniques and methods learned in the field of Management Accounting and Economics in different business situations to solve challenging business problems optimize planning and risk management strategies.
-2 Skills in Critical and Analytical Understanding (IBCRI)
Reviewing academic literature critically, analyzing and evaluating financial and other business data, deliberating diverse approaches, comparing the resultant outcomes, and making value additive informed business decisions and action plans. Understanding of the true, objective and unbiased financial information that helps managers to plan, revise and revisit their business strategies, financial targets, policy formulation, and planning process. The process of understanding how financial accounting information assists to make the corporate decision-making process is a core element of this course.
-3 Communication Skills (IBCOM)
Communicating the inferences made and interpretations drawn based on the financial data analysis responsibly, effectively and professionally in English, including in written reports, presentations, formal correspondence, and on social media.
-4 Intercultural Collaboration Skills (IBCOL)
Participating enthusiastically in inter- and multicultural settings, demonstrating team building and leadership skills, and implementing conflict resolution skills in numerous situations.
-5 Ethical Conduct (IBETH)
Promoting moral and ethical mindset and conduct to ascertain and disclose true and unbiased financial health of the companies. Safeguarding interests of different stakeholders in an unbiased manner to promote corporate value system which is humane, fair and equitable.
The purpose of the Management Accounting course is to enhance your knowledge and understanding, and intellectual skills principally in the field of management accounting and more importantly their linkages with the issues pertaining to corporate finance, and strategy.
According to above-mentioned Intended Learning Outcomes (ILOs) you will find exposure to numerous situations, whereby you record and present financial accounting data in such a manner that the users of financial accounting statements can know about the real financial health of the firm being analyzed. The true, objective and unbiased financial information help managers to plan and revise their business strategies, check financial health, policy formulation and planning process. The process of understanding how financial accounting information assists to make corporate decision-making process is a core element of this course. You are also expected to understand different management accounting functions and applications, diverse management accounting techniques, methods and tools in different business situations in order to solve challenging business problems. You will understand the relevance of the high-quality accounting information and their multiple interpretations in the business life, which ultimately optimize planning, strategies, risk management and business-decision making.
You are further expected to understand that accounting is not isolation of overall business strategy of corporates. You will create and produce indicators describing the success of operations based on cause/consequence logic, as well as able to collect information pertaining to corporates needed for measurement. You will identify the economic requirements and the resource requirements related to personnel, necessary to achieve the abovementioned objectives. You will use budget information as a tool for examining and evaluating the results and analyze financial risks of a firm and manage them.

Content

Theoretical aspects of accounting, financial statement analysis, financial performance measurement, regulatory framework, corporate governance and ethical issues of accounting, financial ratio analysis, corporate valuation, balanced scorecard as a tool for strategic budgeting, economic value added (EVA), cost concepts, absorption costing, pricing, planning and budgeting, fundamental of financial management, capital investment appraisal, financial risk management, cash flow, forecasting, sensitivity analysis.

Location and time

Face-to-face lectures will be held as follows:

Lecture 1: Thu 16.2.2023 at 12:00-18:00
Lecture 2: Fri 17.2.2023 at 09:00-16:00
Lecture 3: Sat 18.2.2023 at 09:00-14:00

Materials

Brown, M.T., Rascher, D.A., Nagel, M.S. & McEvoy, C.D. (2017). Financial Management in the Sport Industry, 2nd Edition. Routledge. (3rd edition is also applicable)

Other chosen material, will be informed.

Teaching methods

Lectures
Literature
Video material
Exercises and assignments
Guidance and feedback

Exam schedules

The course does not include an exam.

Completion alternatives

Accreditation (replacement and inclusion)
Recognition of informal learning
Studification

Further instructions can be found in the Degree Regulations and in the Master's Degree study guide.

Student workload

Allocation of time on various tasks and student work load in total 135 h
Lectures 16 h
Independent familiarization with literature and videos 38 h
Independent exercises and assignments 81 h

Content scheduling

Lectures:
Lecture 1: Thu 16.2.2023 at 12:00-18:00 | 6hrs
Lecture 2: Fri 17.2.2023 at 09:00-16:00 | 6hrs
Lecture 3: Sat 18.2.2023 at 09:00-14:00 | 4hrs

Assignments and exercises

Further information

The assessment of the course is based on the following credits:
1) exercises and assignments (100%, 5 ECTS)

Open UAS 5 (included in total capacity)

Evaluation scale

0-5

Assessment criteria, satisfactory (1)

1 (Adequate) The theory of the subject matter is appropriate for the subject matter or work role, but it does not form an overall view. You describe and distinguish essential concepts. You outline a development project. You find a partial solution to the problem but are unable to illustrate the results. Matters are discussed in a list-like and summarising manner. Independent thinking is lacking. The reporting follows JAMK’s reporting instructions partially.

2 (Satisfactory) You apply theory within the subject matter, limited from the perspective of the subject matter or work role. You have selected and defined the essential concepts. You design a development project. You find a partial solution to the problem. You illustrate the results. The examples demonstrate understanding and independent thinking, but the connections between theoretical knowledge and the examples are insufficient. The report mostly follows JAMK’s reporting instructions.

Assessment criteria, good (3)

3 (Good) You present theory that is relevant and delineated. You are able to follow and analyse the development and/or research in your field of expertise. You are able to analyse and structure theoretical information and concepts. You lead or plan a research, development or innovation initiative, applying new methods. You develop the operations of the organisation by finding alternative solutions to a problem. Theory and practice are combined through your thinking. The report is illustrative and includes analysis. The report follows JAMK’s reporting instructions (may contain occasional errors).

4 (Very good) You produce an overall view from the essential theories in the subject matter, which you reflect on in a critical manner. You are able to follow and analyse the development and international research in your field of expertise. You are able to consider the essential concepts in relation to each other. You lead or plan a research, development or innovation initiative that produces a solution for a practical problem. You demonstrate and justify the usability of your results. The report is written in a consistent, justified and illustrative manner. It contains reflection and criticism. The report follows JAMK’s reporting instructions. There may be minor deficiencies with some details.

Assessment criteria, excellent (5)

5 (Excellent) You are able to create new information. You are able to follow and analyse the development and international research in the fields of expertise. You reflect on the matter at a social level. You are able to define the essential concepts related to the special competence of the field in relation to each other. You lead or plan a research, development or innovation initiative that produces and analyses new information and reforms the practices in complex and unpredictable operating environments. You utilise methods from research and development operations, and display creative thinking. The report has created new perspectives or overall views by combining things in a new way. The text displays the ability for critical thinking and the skill of communicating the results. The report follows JAMK’s reporting instructions.

Qualifications

Bachelor's degree

Objective

You are aware of the current academic debates and practitioners discourses in the discipline of managerial accounting and you are also able to observe and analyze them in the real life. You display an ability to critically follow and analyze the information in the field and area of study. You recognize the challenges in the discipline managerial accounting and you are able to develop your knowledge and practical skills in managerial accounting. You are able to evaluate, develop and reform managerial accounting practices in a business organization.

Learning Outcomes: The purpose of the Management Accounting course is to enhance your knowledge and understanding, and intellectual skills principally in the field of accounting data analysis, which can be subsequently applied to make interpretations and draw inferences in the field of corporate finance, corporate governance and financial management.
The course aims to develop the following Intended Learning Outcomes (ILOs):
- 1. Applied Business Skills (IBBUS)
Analyzing the financial statements of corporates to ascertain their financial health by applying various techniques and methods learned in the field of Management Accounting and Economics in different business situations to solve challenging business problems optimize planning and risk management strategies.
-2 Skills in Critical and Analytical Understanding (IBCRI)
Reviewing academic literature critically, analyzing and evaluating financial and other business data, deliberating diverse approaches, comparing the resultant outcomes, and making value additive informed business decisions and action plans. Understanding of the true, objective and unbiased financial information that helps managers to plan, revise and revisit their business strategies, financial targets, policy formulation, and planning process. The process of understanding how financial accounting information assists to make the corporate decision-making process is a core element of this course.
-3 Communication Skills (IBCOM)
Communicating the inferences made and interpretations drawn based on the financial data analysis responsibly, effectively and professionally in English, including in written reports, presentations, formal correspondence, and on social media.
-4 Intercultural Collaboration Skills (IBCOL)
Participating enthusiastically in inter- and multicultural settings, demonstrating team building and leadership skills, and implementing conflict resolution skills in numerous situations.
-5 Ethical Conduct (IBETH)
Promoting moral and ethical mindset and conduct to ascertain and disclose true and unbiased financial health of the companies. Safeguarding interests of different stakeholders in an unbiased manner to promote corporate value system which is humane, fair and equitable.
The purpose of the Management Accounting course is to enhance your knowledge and understanding, and intellectual skills principally in the field of management accounting and more importantly their linkages with the issues pertaining to corporate finance, and strategy.
According to above-mentioned Intended Learning Outcomes (ILOs) you will find exposure to numerous situations, whereby you record and present financial accounting data in such a manner that the users of financial accounting statements can know about the real financial health of the firm being analyzed. The true, objective and unbiased financial information help managers to plan and revise their business strategies, check financial health, policy formulation and planning process. The process of understanding how financial accounting information assists to make corporate decision-making process is a core element of this course. You are also expected to understand different management accounting functions and applications, diverse management accounting techniques, methods and tools in different business situations in order to solve challenging business problems. You will understand the relevance of the high-quality accounting information and their multiple interpretations in the business life, which ultimately optimize planning, strategies, risk management and business-decision making.
You are further expected to understand that accounting is not isolation of overall business strategy of corporates. You will create and produce indicators describing the success of operations based on cause/consequence logic, as well as able to collect information pertaining to corporates needed for measurement. You will identify the economic requirements and the resource requirements related to personnel, necessary to achieve the abovementioned objectives. You will use budget information as a tool for examining and evaluating the results and analyze financial risks of a firm and manage them.

Content

Theoretical aspects of accounting, financial statement analysis, financial performance measurement, regulatory framework, corporate governance and ethical issues of accounting, financial ratio analysis, corporate valuation, balanced scorecard as a tool for strategic budgeting, economic value added (EVA), cost concepts, absorption costing, pricing, planning and budgeting, fundamental of financial management, capital investment appraisal, financial risk management, cash flow, forecasting, sensitivity analysis.

Materials

International Business Management (IBM):

Manzoni J-F. & Davila A. Performance Measurement and Management Control: Innovative Concepts and Practices Studies in Managerial and Financial Accounting Ser. Emerald Publishing Limited 2010.

McNair-Connolly CJ., Polutnik L. & Silvi R. Value Creation in Management Accounting and Strategic Management: Using Information to Capture Customer Value. Business Expert Press 2013.

Proctor, R. Managerial Accounting: A Decision Making and Performance Management. Pearson Education 2012. 4th Edition.

Satoshi S., Nabyla D. & Sumitaka U. Value Creation in Management Accounting and Strategic Management. John Wiley & Sons, Incorporated in 2017.

Sport Business Management:

Brown, M.T., Rascher, D.A., Nagel, M.S. & McEvoy, C.D. (2017). Financial Management in the Sport Industry, 2nd Edition. Routledge. (3rd edition is also applicable)

Winfree, J.A., Rosentraub, M.S., Mills, B.M. and Zondiak, M. (2018). Sports Finance and Management, 2nd Edition. Available as e-book in JAMK Library.

Teaching methods

Lectures
Literature
Video material
Exercises and assignments
Guidance and feedback

Exam schedules

The course does not include an exam.

Completion alternatives

Accreditation (replacement and inclusion)
Recognition of informal learning
Studification

Further instructions can be found in the Degree Regulations and in the Bachelor's Degree study guide.

Student workload

Allocation of time on various tasks and student work load in total 135 h
Lectures 15 h
Independent familiarization with literature and videos 40 h
Independent exercises and assignments 80 h

Content scheduling

International Business Management (IBM):
Lectures (wk 4; Fri 28.1. 14-20 and Sat 29.1. 09-15)
Exercises and assignments

Sport Business Management (SBM):
Lectures (wk 6; Fri 11.2. 14-20 and Sat 12.2. 09-15)
Exercises and assignments

Further information

The assessment of the course is based on the following credits:
1) exercises and assignments (100%, 5 ECTS)

Open university of applied sciences 10 are included in the total capacity (spots)
Exchange 5

Evaluation scale

0-5

Assessment criteria, satisfactory (1)

1 (Adequate) The theory of the subject matter is appropriate for the subject matter or work role, but it does not form an overall view. You describe and distinguish essential concepts. You outline a development project. You find a partial solution to the problem but are unable to illustrate the results. Matters are discussed in a list-like and summarising manner. Independent thinking is lacking. The reporting follows JAMK’s reporting instructions partially.

2 (Satisfactory) You apply theory within the subject matter, limited from the perspective of the subject matter or work role. You have selected and defined the essential concepts. You design a development project. You find a partial solution to the problem. You illustrate the results. The examples demonstrate understanding and independent thinking, but the connections between theoretical knowledge and the examples are insufficient. The report mostly follows JAMK’s reporting instructions.

Assessment criteria, good (3)

3 (Good) You present theory that is relevant and delineated. You are able to follow and analyse the development and/or research in your field of expertise. You are able to analyse and structure theoretical information and concepts. You lead or plan a research, development or innovation initiative, applying new methods. You develop the operations of the organisation by finding alternative solutions to a problem. Theory and practice are combined through your thinking. The report is illustrative and includes analysis. The report follows JAMK’s reporting instructions (may contain occasional errors).

4 (Very good) You produce an overall view from the essential theories in the subject matter, which you reflect on in a critical manner. You are able to follow and analyse the development and international research in your field of expertise. You are able to consider the essential concepts in relation to each other. You lead or plan a research, development or innovation initiative that produces a solution for a practical problem. You demonstrate and justify the usability of your results. The report is written in a consistent, justified and illustrative manner. It contains reflection and criticism. The report follows JAMK’s reporting instructions. There may be minor deficiencies with some details.

Assessment criteria, excellent (5)

5 (Excellent) You are able to create new information. You are able to follow and analyse the development and international research in the fields of expertise. You reflect on the matter at a social level. You are able to define the essential concepts related to the special competence of the field in relation to each other. You lead or plan a research, development or innovation initiative that produces and analyses new information and reforms the practices in complex and unpredictable operating environments. You utilise methods from research and development operations, and display creative thinking. The report has created new perspectives or overall views by combining things in a new way. The text displays the ability for critical thinking and the skill of communicating the results. The report follows JAMK’s reporting instructions.

Qualifications

Bachelor's degree