Management Accounting for TourismLaajuus (5 cr)
Code: MTMW3300
Credits
5 op
Teaching language
- English
Responsible person
- Hanna Karhu
Objective
Management accounting focuses on providing information for internal decision makers. This course will provide you with the basic knowledge and capabilities of management accounting. Having taken this course you know different aspects, processes and responsibilities of operational management in profitable and responsible hospitality business. You know the prerequisities of profitable business operations and the means to enhance profitability. You can analyse business data and take decisions based on your analysis.
Content
The course contents cover the basic concepts and the purpose of cost and management accounting in hospitality business. The contents include basics of cost accounting, break-even analysis, pricing and resource and revenue planning.
Assessment criteria, satisfactory (1)
Adequate 1
You are able to name concepts of profitability and costs from the management accounting point of view and know which factors affect profitability. You understand the basic principles of cost-volume-profit analysis and are able to prepare a basic cost-volume-profit calculation. After completing the course, you will be able to explain the basic principles of pricing in your own words.
Satisfactory 2
You are able to present factors affecting to profitability from the management accounting point of view and recognize the factors related to the management of profitability. You are able to prepare cost-volume-profit and pricing calculations for an example company under guidance. You recognize factors affecting the pricing in the example company and are able to name key factors in pricing..
Assessment criteria, good (3)
Good 3
You are able to outline cost-volume-profit analysis and calculations, itemize the process steps from the management accounting point of view and describe the impact of cost-volume-profit based analytical profit calculation factors on profitability. You are able to prepare error-free cost-volume-profit and pricing calculations as well as apply these methods for decision making. You are able to carry out profitability analysis based on cost-volume-profit and pricing calculations.
Very Good 4
You are able to assess the impact of cost-volume-profit analysis from the management accounting point of view. You are able to develop profitability analysis as an analytical profit calculation based on cost-volume-profit and pricing calculations.
Assessment criteria, excellent (5)
Excellent 5
You are able to plan cost-volume-profit analysis and sensitivity analysis for alternative action plans from the management accounting point of view. You are able to plan active measures related to cost-volume-profit and pricing calculations to influence the company’s profitability.
Enrollment
01.08.2024 - 22.08.2024
Timing
26.08.2024 - 18.12.2024
Number of ECTS credits allocated
5 op
Mode of delivery
Face-to-face
Unit
School of Business
Campus
Main Campus
Teaching languages
- English
Seats
20 - 40
Degree programmes
- Bachelor's Degree Programme in Tourism Management
Teachers
- Kirsi Marjakoski
- Hanna Karhu
Groups
-
MTM23S1Bachelor's Degree Programme in Tourism Management
Objective
Management accounting focuses on providing information for internal decision makers. This course will provide you with the basic knowledge and capabilities of management accounting. Having taken this course you know different aspects, processes and responsibilities of operational management in profitable and responsible hospitality business. You know the prerequisities of profitable business operations and the means to enhance profitability. You can analyse business data and take decisions based on your analysis.
Content
The course contents cover the basic concepts and the purpose of cost and management accounting in hospitality business. The contents include basics of cost accounting, break-even analysis, pricing and resource and revenue planning.
Oppimateriaali ja suositeltava kirjallisuus
Harris, Peter: Profit Planning: For Hospitality and Tourism. 2011. Available as an E-book in JAMK's library.
Teaching methods
Lectures in a classroom in Rajakatu campus
Books
Video materials
Learning tasks
Guidance and feedback
Exam schedules
Exam will be held on week 48.
Two resit examinations will be held according to Degree Regulations and the dates will be on week 49 and 50.
Vaihtoehtoiset suoritustavat
A corresponding course completed in another university may be accredited partially or completely. Competence acquired through informal learning may be recognized and accredited on the basis of competence test. More precise instructions can be found in Degree Regulations and in Study Guide.
Student workload
The course includes 135 hours of student work.
Allocation of time on various tasks and student work load:
Lectures and exam 40 h
Independent familiarization with literature and videos 50 h
Exercises and assignments 45 h
During the teaching and guidance contacts you familiarize yourself with the contents of the course, and you do and check learning assignments alone and in groups. You do learning assignments also on you own time.
Content scheduling
The course includes independent familiarization with literature and videos as well as lectures and exercises and assignments.
Lectures (wk 35-47)
Autumn break (wk 42)
Exam (wk 48)
Exam resit 1 (wk 49)
Exam resit 2 (wk 50)
To be passed need time to stydy weekly. In addition to lectures, reserve approximately 6-8 hours of time in your calendar each week for this course.
Evaluation scale
0-5
Arviointikriteerit, tyydyttävä (1-2)
Adequate 1
You are able to name concepts of profitability and costs from the management accounting point of view and know which factors affect profitability. You understand the basic principles of cost-volume-profit analysis and are able to prepare a basic cost-volume-profit calculation. After completing the course, you will be able to explain the basic principles of pricing in your own words.
Satisfactory 2
You are able to present factors affecting to profitability from the management accounting point of view and recognize the factors related to the management of profitability. You are able to prepare cost-volume-profit and pricing calculations for an example company under guidance. You recognize factors affecting the pricing in the example company and are able to name key factors in pricing..
Arviointikriteerit, hyvä (3-4)
Good 3
You are able to outline cost-volume-profit analysis and calculations, itemize the process steps from the management accounting point of view and describe the impact of cost-volume-profit based analytical profit calculation factors on profitability. You are able to prepare error-free cost-volume-profit and pricing calculations as well as apply these methods for decision making. You are able to carry out profitability analysis based on cost-volume-profit and pricing calculations.
Very Good 4
You are able to assess the impact of cost-volume-profit analysis from the management accounting point of view. You are able to develop profitability analysis as an analytical profit calculation based on cost-volume-profit and pricing calculations.
Assessment criteria, excellent (5)
Excellent 5
You are able to plan cost-volume-profit analysis and sensitivity analysis for alternative action plans from the management accounting point of view. You are able to plan active measures related to cost-volume-profit and pricing calculations to influence the company’s profitability.
Enrollment
01.08.2023 - 24.08.2023
Timing
28.08.2023 - 19.12.2023
Number of ECTS credits allocated
5 op
Mode of delivery
Face-to-face
Unit
School of Business
Campus
Main Campus
Teaching languages
- English
Seats
20 - 40
Degree programmes
- Bachelor's Degree Programme in Tourism Management
Teachers
- Hanna Karhu
Groups
-
ZJA23SMAvoin amk, marata
-
MTM22S1Bachelor's Degree Programme in Tourism Management
Objective
Management accounting focuses on providing information for internal decision makers. This course will provide you with the basic knowledge and capabilities of management accounting. Having taken this course you know different aspects, processes and responsibilities of operational management in profitable and responsible hospitality business. You know the prerequisities of profitable business operations and the means to enhance profitability. You can analyse business data and take decisions based on your analysis.
Content
The course contents cover the basic concepts and the purpose of cost and management accounting in hospitality business. The contents include basics of cost accounting, break-even analysis, pricing and resource and revenue planning.
Location and time
Timetable 28.8. - 19.12.2023
Oppimateriaali ja suositeltava kirjallisuus
Course book: Harris, Peter: Profit Planning: For Hospitality and Tourism. 2011. Available as an E-book in JAMK's library.
Additional study material is available in Moodle, which is JAMK's e-learning environment.
Teaching methods
Lectures
Books
Video materials
Learning tasks
Guidance and feedback
Exam schedules
Exam will be held on week 48.
Two resit examinations will be held according to Degree Regulations and the dates will be on week 50 and 51.
Vaihtoehtoiset suoritustavat
A corresponding course completed in another university may be accredited partially or completely. Competence acquired through informal learning may be recognized and accredited on the basis of competence test. More precise instructions can be found in Degree Regulations and in Study Guide.
Student workload
The course includes 135 hours of student work.
Allocation of time on various tasks and student work load:
Lectures and exam 40 h
Independent familiarization with literature and videos 50 h
Exercises and assignments 45 h
Content scheduling
The course includes independent familiarization with literature and videos as well as lectures and exercises and assignments.
Lectures (wk 35-47)
Autumn break (wk 42)
Exam (wk 48)
Exam resit 1 (wk 50)
Exam resit 2 (wk 51)
Further information
Avoin amk 5
Evaluation scale
0-5
Arviointikriteerit, tyydyttävä (1-2)
Adequate 1
You are able to name concepts of profitability and costs from the management accounting point of view and know which factors affect profitability. You understand the basic principles of cost-volume-profit analysis and are able to prepare a basic cost-volume-profit calculation. After completing the course, you will be able to explain the basic principles of pricing in your own words.
Satisfactory 2
You are able to present factors affecting to profitability from the management accounting point of view and recognize the factors related to the management of profitability. You are able to prepare cost-volume-profit and pricing calculations for an example company under guidance. You recognize factors affecting the pricing in the example company and are able to name key factors in pricing..
Arviointikriteerit, hyvä (3-4)
Good 3
You are able to outline cost-volume-profit analysis and calculations, itemize the process steps from the management accounting point of view and describe the impact of cost-volume-profit based analytical profit calculation factors on profitability. You are able to prepare error-free cost-volume-profit and pricing calculations as well as apply these methods for decision making. You are able to carry out profitability analysis based on cost-volume-profit and pricing calculations.
Very Good 4
You are able to assess the impact of cost-volume-profit analysis from the management accounting point of view. You are able to develop profitability analysis as an analytical profit calculation based on cost-volume-profit and pricing calculations.
Assessment criteria, excellent (5)
Excellent 5
You are able to plan cost-volume-profit analysis and sensitivity analysis for alternative action plans from the management accounting point of view. You are able to plan active measures related to cost-volume-profit and pricing calculations to influence the company’s profitability.
Enrollment
01.08.2022 - 25.08.2022
Timing
12.09.2022 - 21.12.2022
Number of ECTS credits allocated
5 op
Mode of delivery
Face-to-face
Unit
School of Business
Campus
Main Campus
Teaching languages
- English
Seats
0 - 25
Degree programmes
- Bachelor's Degree Programme in Tourism Management
Teachers
- Hanna Karhu
Groups
-
MTM21S1Bachelor's Degree Programme in Tourism Management
-
ZJA22SMAvoin AMK, marata
Objective
Management accounting focuses on providing information for internal decision makers. This course will provide you with the basic knowledge and capabilities of management accounting. Having taken this course you know different aspects, processes and responsibilities of operational management in profitable and responsible hospitality business. You know the prerequisities of profitable business operations and the means to enhance profitability. You can analyse business data and take decisions based on your analysis.
Content
The course contents cover the basic concepts and the purpose of cost and management accounting in hospitality business. The contents include basics of cost accounting, break-even analysis, pricing and resource and revenue planning.
Location and time
The course begins on the 12th of September and will be over by the 21st of December
Oppimateriaali ja suositeltava kirjallisuus
All the study material is available in Moodle, which is JAMK's e-learning environment. In addition to Moodle the material of the course includes the book: Harris, Peter: Profit Planning: For Hospitality and Tourism. 2011. Available as an E-book in JAMK's library.
Teaching methods
The course is implemented as a hybrid of contact teaching and learning in a classroom and digitally through E-learning on our E-platform. The course includes digital and interactive tools, exercises, and assignments, together with teaching videos.
Exam schedules
The date of the final exam in Moodle is December 8th.
Student workload
The course includes 135 hours of student work. It consists of contact teaching and webinars from 20 to 30 hours, assignments and exercises from 20 to 45 hours, independent studying from 45 to 65 hours, and of the final test for 1,5 hours.
Further information
All the assignments and the final test can be written in English or in Finnish. The teacher speaks Finnish and English. The course may be passed with medium level English, fluent English is an asset.
Open UAS: 5 (included in the total capacity)
Evaluation scale
0-5
Arviointikriteerit, tyydyttävä (1-2)
Adequate 1
You are able to name concepts of profitability and costs from the management accounting point of view and know which factors affect profitability. You understand the basic principles of cost-volume-profit analysis and are able to prepare a basic cost-volume-profit calculation. After completing the course, you will be able to explain the basic principles of pricing in your own words.
Satisfactory 2
You are able to present factors affecting to profitability from the management accounting point of view and recognize the factors related to the management of profitability. You are able to prepare cost-volume-profit and pricing calculations for an example company under guidance. You recognize factors affecting the pricing in the example company and are able to name key factors in pricing..
Arviointikriteerit, hyvä (3-4)
Good 3
You are able to outline cost-volume-profit analysis and calculations, itemize the process steps from the management accounting point of view and describe the impact of cost-volume-profit based analytical profit calculation factors on profitability. You are able to prepare error-free cost-volume-profit and pricing calculations as well as apply these methods for decision making. You are able to carry out profitability analysis based on cost-volume-profit and pricing calculations.
Very Good 4
You are able to assess the impact of cost-volume-profit analysis from the management accounting point of view. You are able to develop profitability analysis as an analytical profit calculation based on cost-volume-profit and pricing calculations.
Assessment criteria, excellent (5)
Excellent 5
You are able to plan cost-volume-profit analysis and sensitivity analysis for alternative action plans from the management accounting point of view. You are able to plan active measures related to cost-volume-profit and pricing calculations to influence the company’s profitability.