Siirry suoraan sisältöön

Managerial Accounting (5 cr)

Code: YZWZ0230-3001

General information


Enrollment

03.08.2020 - 30.08.2020

Timing

01.08.2020 - 31.12.2020

Number of ECTS credits allocated

5 op

Virtual portion

5 op

RDI portion

4 op

Mode of delivery

Online learning

Unit

Teknologiayksikkö

Teaching languages

  • English

Seats

0 - 5

Degree programmes

  • Master's Degree Programme in Artificial Intelligence and Data Analytics
  • Master's Degree Programme in Information Technology, Full Stack Software Development (YAMK)
  • Master's Degree Programme in Professional Project Management
  • Master's Degree Programme in Information Technology, Cyber Security (YAMK)

Teachers

  • Milla Welling

Teacher in charge

Päivi Korpivaara

Groups

  • ZJA20STYPP
    Avoin amk , tekniikka, Professional Project Management
  • YTF20S1
    Master's Degree Programme in Professional Project Management

Objective

After completion of this course, you will be aware of the current academic debates and practitioner discourses in the discipline of managerial accounting and also be able to observe and analyze them in real life. You display an ability to critically follow and analyze the information in the field and area of study. You recognize the challenges in the discipline of managerial accounting and you are able to develop your knowledge and practical skills in managerial accounting. Based on this, you are able to make interpretations and draw inferences in the field of corporate finance, corporate governance, and financial management.

The course aims to develop your competences of ethics and learning to learn:

Ethics:
You will promote a moral and ethical mindset and conduct to ascertain and disclose true and unbiased financial health of the company. You will safeguard the interests of different stakeholders in an unbiased manner to promote a corporate value system that is humane, fair, and equitable.

Learning to learn:
You will learn to read and analyze the financial statements of corporates to ascertain their financial health by applying various techniques and methods in the field of Management Accounting. You will review academic literature critically, analyze and evaluate financial and other business data, and make value-additive informed business decisions and action plans.
You will create and produce indicators describing the success of operations based on cause/consequence logic, as well as be able to collect information pertaining to corporates needed for measurement. You will identify the economic requirements and the resource requirements related to personnel, necessary to achieve the above-mentioned objectives. You will use budget information as a tool for examining and evaluating the results to analyze the financial risks of a firm and manage them.

Content

Theoretical aspects of accounting, financial statement analysis, financial performance measurement, regulatory framework, corporate governance and ethical issues of accounting, financial ratio analysis, corporate valuation, balanced scorecard as a tool for strategic budgeting, economic value added (EVA), cost concepts, absorption costing, pricing, planning and budgeting, fundamental of financial management, capital investment appraisal, financial risk management, cash flow, forecasting, sensitivity analysis.

Oppimateriaali ja suositeltava kirjallisuus

The study material is in JAMK's e-learning environment. In addition, you need books mentioned on the description on the study unit.

Teaching methods

The course is implemented flexibly as a hybrid teaching, always possible to study online. So you can study successfully anywhere mostly according to your own plan and schedule. With a group and individual guidance, you get support to solve the problems and complete exercises and development assignment.

The course utilizes digital and interactive tools. E-learning includes e.g. online discussions with a group or teacher, assignments and tests in an e-learning environment to assess and develop your own skills and learning, video lectures and self-study of source material.

E-learning is suitable for self-directed students who are interested in developing their own skills. The wishes of the student group are taken into account in the implementation methods. In addition, as a group of students, there is guidance in an e-learning environment and you can participate in online meetings of your choice. If you wish, you can also make appointments on your own and do learning assignments together, advising and receiving help and tips from other members of the group.

Employer connections

The completion of the course can be constructed in part or in full as a personal study path by studyfication the activities included in the work.

It is recommended to link the development assignment of the course to the development of your own work and the activities of your organization. It is also possible to develop your own business during the course.

You can also bring the development needs of your organization to be planned, refined, and solved as learning tasks.

Exam schedules

The deadline for returning assignments is 31.12.2020.

Contact the teacher to agree on renewals.

Vaihtoehtoiset suoritustavat

The course is evaluated as a process evaluation, including:
- Pre-assignment (S = Pass)
- Surveys (S = Pass)
- Exercises ( Grade 40%)
- Development assignment, including self-evaluation (Grade 60%)
- Activity during contact teaching and discussions in a learning environment.

Student workload

Seminar days or online meetings take 15–35 h.
Independent and group work is 100-120h, which includes guidance in the e-learning environment and through the Zoom online working environment.
The total workload and the need of time is 135 h (the amount of work required for one ECTS credit is 27 hours).

Content scheduling

Our hybrid teaching combines face-to-face and online teaching into one cohesive experience. You can come to JAMK Dynamo Campus or follow and participate in the discussion online.

As group or individual guidance is available in JAMK's e-learning environment and through the Zoom video conference system.

The group can also agree to use Microsoft Teams for chat-based collaboration platform, share documents, online team meetings, and all communications between participates and teachers.

Evaluation scale

0-5

Arviointikriteerit, tyydyttävä (1-2)

1 (Adequate):
The theory of the subject matter is appropriate for the subject matter or work role, but it does not form an overall view. You describe and distinguish essential concepts. You outline a development project. You find a partial solution to the problem but are unable to illustrate the results. Matters are discussed in a list-like and summarising manner. Independent thinking is lacking. The reporting follows JAMK’s reporting instructions partially.

2 (Satisfactory):
You apply theory within the subject matter, limited from the perspective of the subject matter or work role. You have selected and defined the essential concepts. You design a development project. You find a partial solution to the problem. You illustrate the results. The examples demonstrate understanding and independent thinking, but the connections between theoretical knowledge and the examples are insufficient. The report mostly follows JAMK’s reporting instructions.

Arviointikriteerit, hyvä (3-4)

3 (Good) :
You present theory that is relevant and delineated. You are able to follow and analyse the development and/or research in your field of expertise. You are able to analyse and structure theoretical information and concepts. You lead or plan a research, development or innovation initiative, applying new methods. You develop the operations of the organisation by finding alternative solutions to a problem. Theory and practice are combined through your thinking. The report is illustrative and includes analysis. The report follows JAMK’s reporting instructions (may contain occasional errors).

4 (Very good) :
You produce an overall view from the essential theories in the subject matter, which you reflect on in an insightful manner. You are able to follow and analyse the development and international research in your field of expertise. You are able to consider the essential concepts in relation to each other. You lead or plan a research, development or innovation initiative that produces a solution for a practical problem. You demonstrate and justify the usability of your results. The report is written in a consistent, justified and illustrative manner. It contains reflection and criticism. The report follows JAMK’s reporting instructions. There may be minor deficiencies with some details.

Assessment criteria, excellent (5)

You are able to create new information. You are able to follow and analyse the development of international research in the fields of expertise. You reflect on the matter at a social level. You are able to define the essential concepts related to the special competence of the field in relation to each other. You lead or plan a research, development or innovation initiative that produces and analyses new information and reforms the practices in complex and unpredictable operating environments. You utilise methods from research and development operations, and display creative thinking. The report has created new perspectives or overall views by combining things in a new way. The text displays the ability for critical thinking and the skill of communicating the results. The report follows JAMK’s reporting instructions.

Qualifications

Bachelor's degree