Study Guide

Objective

Students
-have a good command of the central theory in management accounting
-understand the principles of profitability
-can make calculations and budgets as support for economic decision-makings

Content

Internal accounting, cost and profitability calculations, budgeting, profit planning

Location and time

Vt2021 Vasa: For a schedule, see Peppi

Materials

Ax, Johannson och Kullvén (2015). Den nya ekonomistyrningen. NOTE! Older editions from 2005 onwards can also be used.

other material referred by the course teacher

Teaching methods

- lectures, projects work, self-studies

Exam schedules

exam and deadline for assignments as planned in Moodle

Student workload

27 hours per credits = 81 hours

Content scheduling

basic financial management
planning results
budgeting

Evaluation scale

H-5

Assessment criteria, satisfactory (1)

The student is able to recognize and understand the essential theories, principles and methods regarding:
Costs, cost behaviour and estimation
Cost-volume-profit relationship
Pricing and contribution margin calculations
Budgeting

Assessment criteria, good (3)

The student is able to utilize essential concepts in single situations and assignments and understand the theories on which the assignments regarding:
Costs, cost behaviour and estimation
Cost-volume-profit relationship
Pricing and contribution margin calculations
Budgeting

Assessment criteria, excellent (5)

The student is able to utilize theories, concepts and methods consistently in various situations regarding:
Costs, cost behaviour and estimation
Cost-volume-profit relationship
Pricing and contribution margin calculations
Budgeting

Assessment criteria, approved/failed

Fail: The criteria for grade 1-2 are not met.

Assessment methods and criteria

Assessment will be done through both written exams and assignments

All parts of the course should be approved for approved results on the course

Assessment criteria, fail (0)

does not meet the assessment criteria for steps 1-2 on the rating scale

Assessment criteria, satisfactory (1-2)

Students have basic knowledge of concepts used in financial planning
Students understand the importance of revenue and cost analysis for the company's profitability
Students have a holistic view of the methods that can be used within the company's financial
planning

Assessment criteria, good (3-4)

Students have good knowledge of financial planning and can perform simpler calculations
Students can assess the company's profitability in relation to other companies and can state simpler
revenue and cost analysis
Students can state different types of calculations and budgets as a basis for decision making in
now

Assessment criteria, excellent (5)

Students have in-depth knowledge of financial planning and can perform more advanced
calculations
Students can assess the company's profitability in relation to other companies and can state and interpret
revenue and cost analysis. Students understand factors that affect profitability.
Students can independently compile, apply and analyze different calculation models for the company
decision

Qualifications

Mathematics and Business 3 cr