Study Guide

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 includes weekly campus classes with brief lectures and several calculation exercises, case assignments etc. At the end, an online exam.

Timing and attendance

The course will run from January to April. Class attendance is required (min. 80 %).

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.

Alternative completion methods

If student has gained knowledge and skills in management accounting through working life or previous studies, it is possible to recognize this prior learning (RPL). Skills need to be demonstrated and this is to be agreed with the teacher. No alternative completion methods.

Working life cooperation

Real-life based examples and case assignments.

Exam retakes

A retake possibility for the exam is on week 17 and 19.

Learning environment

Classes on Lappeenranta campus. Course material, assignments and exam through Moodle. Several exercises and assignments also in Excel.

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-volume-profit analysis, cost concepts, cost-based pricing and budgeting.

Additional information for students: previous knowledge etc.

No requirements for previous knowledge.

Assessment criteria

Assessment is based on the exam (50 %), attendance on lectures (20 %) and assignments (30 %).

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.