Study Guide

Objective

The student:
- understands the role of management accounting in economic planning
- can calculate basic profitability ratios
- knows pricing principles
- understands the role of budgeting in business planning
- can calculate and analyze profit, liquidity, and balance sheet budgets

Content

- profitability calculations
- contribution margin calculations
- results chart (break even)
- inventory turnover
- pricing
- profit, liquidity and balance sheet budget and the connection between them

Location and time

Spring 2023 Vasa: For a schedule, see Peppi

Materials

Ax, Johannson och Kullvén (2021/2015). 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

Employer connections

Guest lecturer

Exam schedules

exam and deadline for assignments as planned in Moodle

Completion alternatives

Exams and assignments

Student workload

27 hours per credits = 81 hours

Content scheduling

profitability calculations cost calculations
Contribution calculation
Result diagrams and break even analysis
inventory turnover
pricing
Result, liquidity and balance budget and the connection between these

Evaluation scale

H-5

Assessment methods and criteria

Assessment will be done through both written exams and assignments

Assessment criteria, fail (0)

Does not meet the assessment criteria for steps 1 on the rating scale

Assessment criteria, satisfactory (1-2)

Students have basic knowledge of concepts used in internal accounting and budgeting
Students understand the importance of revenue and cost analyzes for the company's profitability
Students have an overall picture of the methods that can be used within the company's finances
planning
Students have an understanding of the role and implementation of budgeting

Assessment criteria, good (3-4)

Students have good knowledge of internal accounting and budgeting and can perform simple calculations
Students can assess the company's profitability in relation to other companies and can make simpler revenue and cost analyzes
Students can prepare different types of calculations and budgets as a basis for decision-making in the company

Assessment criteria, excellent (5)

Students have in-depth knowledge of internal accounting and budgeting and can perform more advanced calculations
Students can assess the company's profitability in relation to other companies and can calculate and interpret revenue and cost analyses.
Students understand factors that affect profitability and the mechanisms behind pricing.
Students can independently calculate, apply and analyze various calculation models for the company's decision-making

Qualifications

none