Managerial Accounting (5 cr)

Materials

The study material is in JAMK's e-learning environment. In addition, you need books mentioned on the description on the study unit.

Evaluation scale

0-5

Completion alternatives

The course is evaluated as a process evaluation, including:
- Pre-assignment (S = Pass)
- Surveys (S = Pass)
- Exercises ( Grade 40%)
- Development assignment, including self-evaluation (Grade 60%)
- Activity during contact teaching and discussions in a learning environment.

Employer connections

The completion of the course can be constructed in part or in full as a personal study path by studyfication the activities included in the work.

It is recommended to link the development assignment of the course to the development of your own work and the activities of your organization. It is also possible to develop your own business during the course.

You can also bring the development needs of your organization to be planned, refined, and solved as learning tasks.

Virtual portion

5

Student workload

Seminar days or online meetings take 15–35 h.
Independent and group work is 100-120h, which includes guidance in the e-learning environment and through the Zoom online working environment.
The total workload and the need of time is 135 h (the amount of work required for one ECTS credit is 27 hours).

Assessment criteria, satisfactory (1)

Sufficient (1):
You have demonstrated a basic level of knowledge, skills, applications in all the three competences: Learning to learn, Proactive development and Sustainable global business management.

Satisfactory (2):
You have demonstrated an intermediate level of knowledge, skills, applications in one and basic level in the remaining two competences out of a total three competences: Learning to learn, Proactive development and Sustainable global business management.

Assessment criteria, good (3)

Good (3):
You have demonstrated an excellent level of knowledge, skills, applications in one and intermediate level in the remaining two competences out of a total three competences: Learning to learn, Proactive development and Sustainable global business management.

Very good (4):
You have demonstrated an excellent level of knowledge, skills, applications in two and intermediate level in the remaining competence out of a total three competences: Learning to learn, Proactive development and Sustainable global business management.

RDI portion

4

Assessment criteria, excellent (5)

You have demonstrated an excellent level of knowledge, skills, applications in all the three competences: Learning to learn, Proactive development and Sustainable global business management.

Content scheduling

Our hybrid teaching combines face-to-face and online teaching into one cohesive experience. You can come to JAMK Dynamo Campus or follow and participate in the discussion online.

As group or individual guidance is available in JAMK's e-learning environment and through the Zoom video conference system.

The group can also agree to use Microsoft Teams for chat-based collaboration platform, share documents, online team meetings, and all communications between participates and teachers.

Exam schedules

The deadline for returning assignments is 31.12.2020.

Contact the teacher to agree on renewals.

Teaching language

en

Teaching methods

The course is implemented flexibly as a hybrid teaching, always possible to study online. So you can study successfully anywhere mostly according to your own plan and schedule. With a group and individual guidance, you get support to solve the problems and complete exercises and development assignment.

The course utilizes digital and interactive tools. E-learning includes e.g. online discussions with a group or teacher, assignments and tests in an e-learning environment to assess and develop your own skills and learning, video lectures and self-study of source material.

E-learning is suitable for self-directed students who are interested in developing their own skills. The wishes of the student group are taken into account in the implementation methods. In addition, as a group of students, there is guidance in an e-learning environment and you can participate in online meetings of your choice. If you wish, you can also make appointments on your own and do learning assignments together, advising and receiving help and tips from other members of the group.

Number of ECTS credits allocated

5

Qualifications

Bachelor degree

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.

Objective

After completion of this course, you will be aware of the current academic debates and practitioner discourses in the discipline of managerial accounting and also be able to observe and analyze them in 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 of managerial accounting and you are able to develop your knowledge and practical skills in managerial accounting. Based on this, you are able to make interpretations and draw inferences in the field of corporate finance, corporate governance, and financial management.

The course aims to develop your following competences:

Ethics:
You will promote a moral and ethical mindset and conduct to ascertain and disclose true and unbiased financial health of the company. You will safeguard the interests of different stakeholders in an unbiased manner to promote a corporate value system that is humane, fair, and equitable.

Learning to learn:
You will learn to read and analyze the financial statements of corporates to ascertain their financial health by applying various techniques and methods in the field of Management Accounting. You will review academic literature critically, analyze and evaluate financial and other business data, and make value-additive informed business decisions and action plans.
You will create and produce indicators describing the success of operations based on cause/consequence logic, as well as be 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 above-mentioned objectives. You will use budget information as a tool for examining and evaluating the results to analyze the financial risks of a firm and manage them.

Proactive development
• You identify development areas by anticipating the future of your field.
• You apply existing knowledge and utilize appropriate research methods in development projects.
• You develop the ability to think out of the box and challenge the limits to come up with creative and innovative solutions.

IBM competence:
Sustainable global business management
• You critically review and understand core concepts of global business management and sustainability from multidisciplinary perspectives of marketing, sales, strategy, finance, and management.
• You apply disciplinary and interdisciplinary knowledge to analyze global business challenges and propose sustainable business solutions to grow new ventures in global markets.