Profitability and Budgeting (5 cr)
Code: AL00CE35-3003
General information
Enrollment
21.11.2022 - 08.01.2023
Timing
09.01.2023 - 28.04.2023
Number of ECTS credits allocated
5 op
Virtual portion
3 op
Mode of delivery
40 % Contact teaching, 60 % Distance learning
Unit
Faculty of Business and Hospitality Management (LAB)
Campus
Lahti Campus
Teaching languages
- English
Seats
10 - 60
Degree programmes
- Bachelor's Degree Programme in International Business
Teachers
- Sirpa Varajärvi
Scheduling groups
- Online lectures in Zoom (Size: 0. Open UAS: 0.)
- Campus classes (Size: 0. Open UAS: 0.)
- Online exam (Size: 0. Open UAS: 0.)
- Online exam retake (Size: 0. Open UAS: 0.)
Groups
-
LLTIIB22K
Small groups
- Online lectures in Zoom
- Campus classes
- Online exam
- Online exam retake
Learning outcomes
The student is able to
- produce cost-volume-profit analyses
- identify cost drivers and apply cost data in price setting
- draw up budgets and define the budgeting process
Implementation and methods of teaching
The course will be run in three-week cycles. Each cycle includes a Zoom lecture, a campus session (including case assignments etc.) and self study exercises / assignments. At the end, an online exam.
Timing and attendance
The course will run from January to April. Class attendance is not mandatory, but highly recommended. Absence from classes requires active and intensive self study and learning.
Learning material and recommended literature
Material provided by the lecturer in Moodle.
Additional reading e.g.: Drury, Colin. 2006 (or newer). Management Accounting for Business. London: Thomson.
Exam retakes
A retake possibility for the exam is on week 17. After that, retake can be taken in the Exam system.
Student time use and work load
5 credits corresponds approximately 135 hours of student's use of time.
Contents
Course content: introduction to management accounting, cost concepts, cost-volume-profit analysis, cost-based pricing and budgeting.
Assessment criteria
Assessment is based on the exam (60 %) and assignments (40 %).
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.