Operative Business Controlling - ECO013AS2AE - Opinto-opas

Operative Business Controlling, 5 cr - ECO013AS2AE

Upcoming implementations

Operative Business Controlling ECO013AS2AE-3001 21.10.2024-13.12.2024 5 op (IBE4PAACC, ...) +-
Teaching methods and instruction

Interactive Lectures, assignments, guest speakers, quizzes and class exercises

Learning material and recommended literature

Book and other material will be provided in Moodle

Working life connections

Use of business cases and guest speakers. This course includes key topics applicable to working life

Campus

Pasila Campus

Exam dates and re-exam possibilities

Will be defined in Moodle

Teaching language

English

Timing

21.10.2024 - 13.12.2024

Learning assignments

Quizzes, xls exercises and others

Enrollment

03.06.2024 - 18.10.2024

Content scheduling

More details in moodle
Groups
- IBE4PAACC
- EVENING
- CONTACT
- IBE5PAACC
- IBEB5PAACC
- EXCH
Teachers

Juan Borra, Lauri Larjavaara

Seats

15 - 45

Further information

Active participation 10%
Quizzes 30%
Skill up tasks 30%
Exam 30%

Degree Programme

INTBBA International Business

R&D proportion

0.00 cr

Virtual proportion

0.00 cr

Evaluation scale

H-5

Current implementations

No ongoing implementations yet.

Past implementations

No past implementations yet.

The objective of the course is to provide an overview of business control systems and the significance of managerial accounting in implementing the company's strategy. The student will understand the role of operational accounting in corporate management.

The student will deepen and expand their expertise in managerial accounting so that they can assist management in financial planning, decision-making, and monitoring using accounting methods, utilize performance indicators, and report using modern methods. The course promotes data-driven management, Business Intelligence thinking, and also provides capabilities to work in the development of accounting systems. The course also covers sustainable development reporting.

Operational Management Accounting (ECO013AS2A) is part of Management Accounting studies.

The course covers the following themes:
-Key performance indicators and data-driven management
-Cost accounting, continuation (activity-based costing)
-Budgeting as part of reporting (part 1, functional and master budgets)
-Managerial reporting (in terms of content) and management with indicators
-Customer profitability
-Pricing
-Sustainable development (reporting)

Daytime implementation, blended learning, virtual implementation and recognition and validation of prior learning (RPL).

Upon completing this course, you will understand the central role of managerial accounting as part of a company's reporting and decision-making. Financial planning begins with budgeting and cost calculation, followed by monitoring performance through various indicators and reporting convincingly. This course provides a strong foundation for data-driven management from an economic perspective. It builds on and deepens the themes introduced in the previous Managerial Accounting Basics course.

The course is valuable not only for those aspiring to future roles in accounting but also for decision-making based on financial figures in other fields.

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.

The student has completed the Business Administration key studies, and the common studies in Finance and Economics, including the Management Accounting -course, or has otherwise mastered equivalent competencies.

Competence Level 1-2: Student
-Can analyze a company's financial situation based on historical data.
-Is familiar with cost concepts, the entirety of cost accounting, and associated methods.
-Understands the functions of budgeting and the components of the budget system as tools for annual planning.
-Can create standard reports related to profitability and monitoring.

Competence Level 3-4: Student
-Can identify critical factors related to profitability and other financial management decisions based on analysis.
-Can apply cost accounting methods, for example, in project costing.
-Can create sub-budgets related to annual planning and combine sub-budgets, developing alternative calculations for planning and monitoring.
-Can create and design standard and special reports related to profitability and monitoring to meet changing management needs.

Competence Level 5: Student
-Can create alternative calculations and presentations related to profitability for management decision-making.
-Can apply and evaluate the suitability of cost accounting methods and implement activity-based costing.
-Can compile the budget's sub-budgets related to annual planning, evaluate alternative calculations, highlight critical factors for decision-making, and plan the budget's utilization in monitoring and reporting.
-Can independently create forecasts related to profitability and design standard and special reports to meet changing management needs.