Management Accounting - Opinto-opas

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

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

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

- 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

-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.

- 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

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

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.

With engaging lessons, practical exercises, and real-world case studies, this course will ignite your passion for finance and equip you with the tools to make informed business decisions.

We use the Lectures, ebook, quizzes, xls exercises.
Book Horngren’s Financial & Managerial Accounting. seventh edition. This book will be available as ebook. From the library also you can read Managerial Accounting, forth edition by Karen Wilen Braun and Wendy M. Tietz
We dont cover all chapters, more information is provided in moodle.

Mastering Managerial Accounting is a game-changer for your professional life. The skills and knowledge gained from this course will have a direct impact on your ability to excel in the workplace. Understanding financial management and decision-making is essential in any business setting, as it allows you to contribute to strategic planning, budgeting, and resource allocation. By applying managerial accounting techniques ethically and effectively, you'll be equipped to analyze financial data, assess profitability, and provide valuable insights for informed decision-making. Moreover, the importance of working capital management cannot be understated, as it directly impacts a company's liquidity and operational efficiency. By honing these skills, you'll become an invaluable asset to any organization, ready to make a meaningful impact on its success and advancement. Don't miss this opportunity to enhance your working life and unlock new career opportunities with Managerial Accounting expertise

Pasila Campus

Completion of quizzes according to course deadlines.

English

We use international sources, international guest speakers and international business cases

25.03.2024 - 17.05.2024

Practise exercises and quizzes for each chapter.

02.01.2024 - 22.03.2024

Course runs from 25.03.2024 - 17.05.2024. More details closer to starting dates

CONTACT
IBE3PA1
EXCH

recongition of prior learning. If you believe you already have the knowledge to pass this course, contact the teacher and discuss on a presentation and assignment to get the credits.

Juan Borra

15 - 45

Attendance : 20%
Quizzes and exercises in moodle : 80%

INTBBA International Business

0.00 cr

H-5