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Business Control (10 cr)

Code: R0344-3006

General information


Enrollment

29.11.2021 - 02.01.2022

Timing

17.01.2022 - 28.03.2022

Number of ECTS credits allocated

10 op

Virtual proportion

2 op

RDI proportion

2 op

Mode of delivery

80 % Contact teaching, 20 % 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

  • Katja Suonperä
  • Anniina Vänskä
  • Kaija Koivusalo

Teacher in charge

Kaija Koivusalo

Scheduling groups

  • Pienryhmä 1 (Size: 10. Open UAS: 10.)

Groups

  • CCH221SY
    Complementary competence (bachelor’s studies), S21, Business, administration and law

Small groups

  • Pienryhmä 1

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

Lectures and workshops
Independent work using software (Excel, Invest for Excel, Power BI)
Company case

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 will be announced when the study unit starts.

Important dates

Introduction and start of the study unit 17.1.2022 at 10-15.

Forms of internationality

This study unit is suitable for exchange students.

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. However this course overlaps with the course "Talousohjaus" offered in Finnish.

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.

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