Management AccountingLaajuus (5 cr)

Learning objectives

A student who has completed this course or has acquired equivalent skills is able to:
- describe the importance and role of financial management as part of the company's decision-making and the basic concepts of management accounting
- apply the basics of managerial accounting techniques with high standard professional ethics and the role of communication as part of the management's accounting function;
- assess the impact of different parameters on the company's profitability;
- apply different management accounting methods to assess profitability and provide information for decision making
- Describe and apply the importance of working capital management

Contents

Management accounting as part of the company's decision-making
- Finance department organization within a company
- Ehtical conduct of accounting professionals
-Cost behavour, Responsibility accounting, Cost volume profit model. Sustainability
-Management and management of working capital
- Communication of financial information

Lähtötaso ja sidonnaisuudet muihin opintojaksoihin

Competence or course(s) required for precedence.
-Before completing this course, the student must have completed the key competence course related to Finance-Accounting.

The course is part of the joint studies of the economic and financial orientation area
in English. This course replaces the course ACC3LF102 Business Control and Anlaytics from the former curriculum, meaning both courses cannot be taken.

Prerequisites :
Basics of Financial Management, 5 cr - ECO001HH1AE
Principles of Accounting and Finance, 5 cr - ECO002TR1AE

Implementation methods, demonstration and Work&Study

1) Course implementation methods: contact, online and blended sessions, Lectures, team discussions, exercises using different tools, improve excell skills, we study real business cases, guest speakers and more.
2) If you already know the competence objectives of this course, you can show your skills. Ask the teacher for more information about the course. More information on competence identification: https://www.haaga-helia.fi/fi/osaamisen-tunnistaminen-ja-work-study"

Assessment criteria - grade 1

When the implementation type of the course is CONTACT, ONLINE or BLENDED it is required that the student is present during those teaching hours that are marked in the study schedule. If you are absent more than 25 %, your grade will be lowered by one. If you are absent more than 50 %, the course is failed.

- is able to present Financial information clearly and act analytically
-is able to refine numbers into information that is central to business development, which looks not only to the past but also to the future
-knows the most important basic concepts of management accounting and individual tasks

Assessment criteria - grade 3

-knows the basic concepts of management accounting and understands the connections between them.
-is able to apply different cost accounting methods to support pricing and operational management
- Is able to present information clearly and propose alternatives considering different aspects financial and non financial.

Assessment criteria - grade 5

- knows and understands efficiently the tasks of management accounting, cost accounting and cost concepts, and understands their importance in decision-making
- is able to assess the impact of different decisions and translate them accurately into cost benefit analysis and how these impact company's operations and profitability.
- Is able to communicate financial information efficiently

Assessment criteria, approved/failed

See in the implementation plan.
Exam, exercises and attendance, depending on the type of implementation

Learning materials

Recommended books
Horngren´s Financial& Managerial Accounting (Global Edition) by Miller-Nobles – Brenda Mattison and Ella Mae Matsumura.

“Managerial Accounting, Fourth Edition (global) by Braun & Tietz,

Further information

Provided in moodle by the teacher. In some implementations we will use some other softwares like Procountor, Mylab Accounting, etc.