Management Accounting (5 cr)

Objectives (course unit)

This basic management accounting course provides the students with knowledge of fundamental management accounting terminology, theories, methods and practices. Completing the course will enable the students to work on product and service costing and pricing, profitability analyzes and development as well as in the field of budgeting, reporting and forecasting. The course also introduces some new performance measures as tools for divisional or product and service level performance measurement and evaluation.

After completing the course, the students will be able to:

Communicate and co-operate in management accounting English.
Utilize product costing and pricing most popular methods and practices.
Analyze the cost structure of a company to be able to work on profitability improvement programmes and projects.
Prepare the master budgets, budget reports and forecasts of a company on a basic level.
Evaluate divisional as well as product and service level performance applying relevant performance measures.

Content (course unit)

What are the key contents and practices of today's management accounting and cost management?
How can the corporate business processes be managed effectively and efficiently by the means of financial planning and control procedures?
How can performance measurement and evaluation be performed succesfully on a divisional or a product and service level?

Exam schedules

First exam during the course, in November. Exam retakes on the School of Business general exam dates (see more in detail on TenttiWilho retake system later on, if necessary).

Assessment methods and criteria

The weight of active participation during the lessons and performing the exercises, assignment etc. is 40-50%, and the weight of the exam is 50-60%. Passing the exam is a must for the student to get an acceptable overall grade of the course.

Teaching methods

Contact teaching, assignments, exercises, problem-based learning, study conversation, cooperative learning, workshop, exam.

Learning materials

Cost Accounting: A Managerial Emphasis. Horngren, C.T., Datar, S., Rajan, M. V. 15th global ed. 2015. Pearson Education Limited. ISBN 10: 1-292-01822-4. ISBN 13: 978-1-292-01822-5.
Potential other accounting literature will be informed to the students during the course.
Web resources, e.g: www.pearsonglobaleditions.com.

Student workload

Approx. 30-33 hrs will be used for contact teaching. The maximum workload of the students is preplanned as max. 130 hrs, including the course literature, exercises, analyses, company cases etc.

Content scheduling

I INTRODUCTION TO MANAGEMENT ACCOUNTING
II C-V-P AND BREAK-EVEN ANALYSIS
III PRODUCT AND SERVICE COSTING
IV PRICING
V BUDGETING

Completion alternatives

-

Practical training and working life cooperation

One guest lecture at TAMK, or one company visit in Tampere region, at least, always belongs to the cornerstones of this course.

International connections

International guest lecturers are basically always very welcome to this course, with a relevant topic.

Further information

The first lesson of the course will be there in computer classroom C2-14 on Tue Sept 1, 2015 at 11.15. You are warmly welcome to start your course there then!

Assessment criteria - fail (0) (Not in use, Look at the Assessment criteria above)

Exam performance rejected and/or potential compulsory group assignment performance missing or rejected.

Assessment criteria - satisfactory (1-2) (Not in use, Look at the Assessment criteria above)

Student has achieved the objectives of the course sufficiently. Student understands the premises and principles of the subject matter. Student recognizes, is able to determine and use the concepts and models.

Assessment criteria - good (3-4) (Not in use, Look at the Assessment criteria above)

Student has achieved the objectives of the course well although the skills and competences are somewhat in need of further development. Student is able to determine and apply the concepts and models of the subject matter well and is able to apply them in simple tasks.

Assessment criteria - excellent (5) (Not in use, Look at the Assessment criteria above)

Student has achieved the objectives of the course excellently. The student masters the concepts and models of the subject matter in an excellent manner. Student is able to conduct fluent and reasoned analysis and has good capabilities to apply the learning.