Opetussuunnitelmat

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.

Location and time

Face-to-face lectures will be held as follows:

Lecture 1: TBA
Lecture 2: TBA
Lecture 3: TBA

Oppimateriaali ja suositeltava kirjallisuus

Lectures slides will be the starting point to learn the subject matter of the course.
Books: Barry Elliott, Jamie Elliott: Financial Accounting and Reporting, Pearson Education, 17/E.

Proctor, Ray: Managerial Accounting for Business Decisions. Prentice Hall 2009, Third Edition. Part 5.
Russell David, Patel Ashok & Wilkinson-Riddle Gregory: Cost Accounting An Essential Guide. Pearson Education Ltd.
Atkinson Anthony, Kaplan Robert, Matsumura Ella & Young Mark: Management Accounting. Prentice Hall.
Brealey, Richard A., Myers, Stewart C. and Allen, Franklin: Principles of Corporate Finance. McGraw-Hill.

Web Based Resources:
Web Based Resources:
https://www.youtube.com/channel/UCeZf5FUwF9LrvdnjXhiCGKQ/videos
The above channel is run by the lecturer himself.

https://uk.finance.yahoo.com/
http://www.reuters.com/
http://online.wsj.com/europe
http://www.ifrs.org/Pages/default.aspx
Corporate Websites (for Management Accounting, Financial Accounting and Financial Management group presentations and assignments/individual assignments)
Research articles and videos will be shared from time to time.

Teaching methods

Lectures
Literature
Video material
Exercises and assignments
Guidance and feedback
The attendance of the students in the classroom in mandatory.

Exam schedules

Exam will be held during the last last week of the course implementation.

International connections

International projects in collaboration with partner universities abroad. Possibility of participation in the corporate projects too.

Vaihtoehtoiset suoritustavat

Accreditation (replacement and inclusion)
Recognition of informal learning
Studification

Further instructions can be found in the Degree Regulations and in the Bachelor's Degree study guide.

Student workload

You will be required to required to invest 135 hours approximately and the break up of the total time is as below:
Lectures: 40 hours
Workshop: 15 Hours
Assignment Preparations: 20 Hours
Examination Preparations: 50 Hours
Miscellaneous: 10 Hours

Content scheduling

Lectures:

Further information

The assessment of the course is based on the following credits:
Exam and assignment exercises 100%, 5 ECTS)

Open UAS 5 (included in total capacity)
Diploma in IBM students: 39
Exchange and Degree students: 11

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