Business Control (10 cr)
Code: R0344-3005
General information
Enrollment
23.11.2020 - 17.12.2020
Timing
26.01.2021 - 31.05.2021
Number of ECTS credits allocated
10 op
Virtual proportion
10 op
RDI proportion
3 op
Mode of delivery
Distance learning
Unit
Laurea Leppävaara, liko
Campus
Laurea Leppävaara
Teaching languages
- English
Seats
20 - 40
Degree programmes
- Complementary competence, bachelor’s studies in English (CCH2), Business, administration and law
Teachers
- Seppo Luode
- Lauri Larjavaara
- Kaija Koivusalo
Teacher in charge
Kaija Koivusalo
Groups
-
CCH220SYComplementary competence (bachelor’s studies), S20, Business, administration and law
-
TOH220SY
Learning outcomes
The student is able to
- prepare reports for management planning and control purposes
- prepare budgets and forecasts
- calculate the cost of a product or service using traditional cost accounting and activity-based costing
- use different investment criteria in capital budgeting
Teaching methods
Online lectures and workshops (Zoom)
Independent work using software (Excel, Invest for Excel, Power BI)
Company case
Location and time
Tuesdays 26.1.-27.4.2021 at 9-15
Learning materials and recommended literature
Books:
Gowthorpe, Catherine: Management Accounting, SOUTH-WESTERN CENGAGE Learning
Jones, Michael: Accounting, Wiley
Drury, Colin: Management and Cost Accounting, Thomson Business Press, (Chapter 15: The Budgeting Process)
https://www.accountingtools.com/podcasts/
Articles, ebooks and other source references will be informed when the course starts.
Co-operation with working life and/or RDI
Software used on this study unit: MS Excel, Invest for Excel (Datapartner) and MS Power BI.
Company contact: TBA
Important dates
Introduction and start of the study unit 26.1.2021 at 9-15 in Zoom
Students workload
10 ECTS = 270 hours of student work (1 ECTS = 27 hours)
Content and scheduling
Key performance indicators (KPI)
Cost accounting and Activity-based costing
Customer profitability
Budgeting and control
Capital budgeting and cash flow modelling
Management reporting
Practical company project
Further information for students
This course is also recommended for students in the Finnish programmes.
Students deepen their competence in management accounting and financial planning and control: financial analysis, budgeting, control, cost accounting, capital budgeting decisions and information systems which support decision making.
Lecturers: Kaija Koivusalo, Lauri Larjavaara, Tomy Kuokkanen (teacher trainee)
Grading scale
H-5
Evaluation methods and criteria
Individual assignments 60%
Team project 40%
Evaluation criteria, fail (0)
REQUIREMENT LEVEL II
Evaluation criteria, satisfactory (1-2)
The student is able to
PROFESSIONAL KNOWLEDGE BASIS, INFORMATION SEARCHING AND REPORTING
– use professional concepts in a consistent manner and demonstrate his/her familiarity with the knowledge basis
– report and communicate in a professional manner
PROFESSIONAL PRACTICE AND WORKPLACE DEVELOPMENT
– act independently taking into account the operating environment
– take responsibility for interaction with customers and/or co-operation partners and for responding to their needs
TEAMWORK SKILLS, LEADERSHIP AND RESPONSIBILITY
– describe the significance of his/her actions for successful co-operation
– describe his/her competence in relation to the learning outcomes
Evaluation criteria, good (3-4)
The student is able to
PROFESSIONAL KNOWLEDGE BASIS, INFORMATION SEARCHING AND REPORTING
– critically evaluate information and justify their actions with science-based knowledge
PROFESSIONAL PRACTICE AND WORKPLACE DEVELOPMENT
– propose creative solutions at work
– promote professional co-operation and enhance customer and partner relationships
TEAMWORK SKILLS, LEADERSHIP AND RESPONSIBILITY
- act in a manner that promotes the team’s entrepreneurial and responsible approach to work
- describe the development of his/her competence in relation to the learning outcomes
Evaluation criteria, excellent (5)
The student is able to
PROFESSIONAL KNOWLEDGE BASIS, INFORMATION SEARCHING AND REPORTING
– analyse the acquired information, draw conclusions and combine theoretical knowledge with experiential knowledge
PROFESSIONAL PRACTICE AND WORKPLACE DEVELOPMENT
– evaluate the applicability of produced knowledge, skill or idea to other contexts as well as their impact
– anticipate needs of customers and/or co-operation partners
TEAMWORK SKILLS, LEADERSHIP AND RESPONSIBILITY
– evaluate and develop the team’s entrepreneurial and responsible approach to work
– evaluate the possibilities for utilising competence and plan his/her personal development and development of the team