Study Guide

Objective

The Student:
- understands the link between business accounting and financial management
- can construct and use financial reports to analyse and develop the company's operations
- recognises the importance of financial reporting in the strategic decision-making process
- recognises the importance of budget monitoring
- can visualize the importance of economic and sustainable use of resources.

Content

- economic calculations as a basis for decision-making
- allocation of fixed costs
- selection of an appropriate budget form
- budget monitoring and analysis
- tools to support financial reporting
- financial sustainability

Location and time

Henriksgatan 7, Åbo
Spring 2024

Materials

Alnoor Bhimani,
Charles T. Horngren,
Gary L. Sundem,
William O. Stratton,
David Burgstahler,
Jef Schatzberg: Introduction to Management Accounting

and

Excel tables and templates handed in by teacher

Teaching methods

Lectures and works shops
Group tasks
Calculation exercises
Forge
Key Learning Notes

Employer connections

Tasks to be done in the student companies

Student workload

1 ect lectures and task workshops incl. business abs
1 ect Forge incl. preparations
1 ect Budgeting task
2 ect Literature studies and Key Learning Note

Evaluation scale

H-5

Assessment criteria, fail (0)

Reports not handed in or are of unacceptable level of quality (including missed DLs) of the reports
and/or presentations.

Assessment criteria, satisfactory (1-2)

Group report handed in and presented, and the KLN handed in. Both at an approvable level of
quality. Student's activity at an acceptable level.

Assessment criteria, good (3-4)

Good work input overall: Group report handed in and presented. KLN handed in. Both of high
quality. Good activity in the class, e.g. at the discussions and presentations.

Assessment criteria, excellent (5)

Exceptional quality overall: the written Reports, presentations, student activity.

Qualifications

Management Accounting and Budgeting