Study Guide

Learning outcomes

The student is able to
- produce cost-volume-profit analyses
- explain the role and function of cost accounting and apply the cost data in price setting
- prepare and interpret budgets
- apply management accounting practices in making business decisions

Implementation and methods of teaching

Lectures and group/individual exercises and assignments. For the time being, classes are organised online only!

Timing and attendance

The course will run during the whole autumn period from September to December, with weekly two-hour classes (online for the time being). Class attendance is not mandatory, but absence from classes requires active and intensive self study and learning.

Learning material and recommended literature

Material provided by the lecturer in Reppu.
Recommended book: Drury, Colin. 2006 (or newer). Management Accounting for Business. London: Thomson.

Exam retakes

Exam at the end of the course. Exam can be done electronically in the Exam system at chosen time.

Student time use and work load

5 credits corresponds approximately 135 hours of student's use of time, which can be roughly split down to:
- Lectures 28 hours
- Assignments 37 hours
- Exercises 40 hours
- Preparing for exam 30 hours

Contents

Course content: cost concepts, cost-volume-profit analysis, financial ratios, product costing, pricing methods and budgeting.

Additional information for students: previous knowledge etc.

Previous knowledge: Basic knowledge in financial accounting (e.g. course Accounting)

Assessment criteria

Assessment is based on assignments and exam.

Assessment scale

1-5

Failed (0)

Student does not reach the learning objectives.

Assessment criteria: level 1 (assessment scale 1–5)

Student reaches the learning objectives and in the exam and assignments shows a satisfactory level of knowledge and competence in the subjects covered in the course.

Assessment criteria: level 3 (assessment scale 1–5)

Student reaches the learning objectives and in the exam and assignments shows a good level of knowledge and competence in the subjects covered in the course.

Assessment criteria: level 5 (assessment scale 1–5)

Student reaches the learning objectives and in the exam and assignments shows an excellent level of knowledge and competence in the subjects covered in the course.