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.
Online lectures and workshops (Zoom)
Independent work using software (Excel, Invest for Excel, Power BI)
Individual assignments 60%
Team project 40%
26.01.2021 - 31.05.2021
23.11.2020 - 17.12.2020
20 - 40
Laurea Leppävaara, liko
Kaija Koivusalo, Lauri Larjavaara
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)
Complementary competence, bachelor’s studies in English (CCH2), Business, administration and law
Software used on this study unit: MS Excel, Invest for Excel (Datapartner) and MS Power BI.
Company contact: TBA
Introduction and start of the study unit 26.1.2021 at 9-15 in Zoom
10 ECTS = 270 hours of student work (1 ECTS = 27 hours)
Key performance indicators (KPI)
Cost accounting and Activity-based costing
Budgeting and control
Capital budgeting and cash flow modelling
Practical company project
Tuesdays 26.1.-27.4.2021 at 9-15
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
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
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