Managerial Accounting (5 cr)

Materials

The following literacy is available via JAMK library services. This list of literacy is not exclusive, you may also utilize other applicable sources you find. Also note, that some of the sources can be found in both e-books and printed books.

E-books:

Epstein M. & Malina M. Advances in Management Accounting. Emerald 2016.

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.

If you need back up in FINNISH: Järvenpää - Länsiluoto - Partanen - Pellinen: Talousohjaus ja kustannuslaskenta. Sanoma Pro 2017 or any other managerial accounting (=SISÄINEN LASKENTATOIMI or JOHDON LASKENTATOIMI) basic text book.

Printed books:

Bergstrand J. Management Accounting: A Cases Approach. Pearson 2012.

Bhamani A., Horngren C T., Datar S M. & Rajan M V. Management and Cost Accounting. Pearson Education 2015. 6th Edition.

Braun, K W. & Tietz W M. Managerial Accounting. Pearson 2013. 3rd Edition.

Evaluation scale

Pass/Fail

Further information

The assessment in the course is based on the competence demonstrated in the learning diary and assignments.

Virtual portion

5

Student workload

Webinars 4 h and 131 hours of independent online studying.

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.

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.

Exam schedules

No exam

Teaching language

en

Teaching methods

Individual studying with webinars and the help of the teacher. Distance learning includes material in the e-learning environment, videos, and learning assignments.

There are one assignment (ca. 2500 words per assignment), two discussion rounds, a learning diary, and digital lessons with quizzes.

If you prefer studying in the classroom, there will be another course next spring.

Location and time

This course starts on 7th October. The last day of this course is on 10th December.
Zoom: https://jamk.zoom.us/j/3100848876

The first webinar at Zoom on 7th October at 5 pm
The second webinar at Zoom on 14th October at 5 PM

Additional webinars:
On 11th November, 4th November, and 2nd December

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.