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Managerial AccountingLaajuus (5 cr)

Code: YZWZ0230

Credits

5 op

Teaching language

  • English

Responsible person

  • Shabnamjit Hundal, Business

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 following competences:

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.

Proactive development
• You identify development areas by anticipating the future of your field.
• You apply existing knowledge and utilize appropriate research methods in development projects.
• You develop the ability to think out of the box and challenge the limits to come up with creative and innovative solutions.

IBM competence:
Sustainable global business management
• You critically review and understand core concepts of global business management and sustainability from multidisciplinary perspectives of marketing, sales, strategy, finance, and management.
• You apply disciplinary and interdisciplinary knowledge to analyze global business challenges and propose sustainable business solutions to grow new ventures in global markets.

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.

Qualifications

Bachelor degree

Assessment criteria, satisfactory (1)

Sufficient (1):
You have demonstrated a basic level of knowledge, skills, applications in all the three competences: Learning to learn, Proactive development and Sustainable global business management.

Satisfactory (2):
You have demonstrated an intermediate level of knowledge, skills, applications in one and basic level in the remaining two competences out of a total three competences: Learning to learn, Proactive development and Sustainable global business management.

Assessment criteria, good (3)

Good (3):
You have demonstrated an excellent level of knowledge, skills, applications in one and intermediate level in the remaining two competences out of a total three competences: Learning to learn, Proactive development and Sustainable global business management.

Very good (4):
You have demonstrated an excellent level of knowledge, skills, applications in two and intermediate level in the remaining competence out of a total three competences: Learning to learn, Proactive development and Sustainable global business management.

Assessment criteria, excellent (5)

You have demonstrated an excellent level of knowledge, skills, applications in all the three competences: Learning to learn, Proactive development and Sustainable global business management.

Materials

Lecture slides will be the starting point for learning the subject matter of the course.

Course Books:
1. Barry Elliott, Jamie Elliott: Financial Accounting and Reporting, Pearson Education.
2. Proctor, Ray: Managerial Accounting for Business Decisions. Prentice Hall.
3. Russell David, Patel Ashok & Wilkinson-Riddle Gregory: Cost Accounting An Essential Guide. Pearson Education Ltd.
4. Atkinson Anthony, Kaplan Robert, Matsumura Ella & Young Mark: Management Accounting. Prentice Hall.
5. Brealey, Richard A., Myers, Stewart C. and Allen, Franklin: Principles of Corporate Finance. McGraw-Hill.
6. Oliver, M. Suzanne, & Horngren, Charles T. Managerial Accounting. Pearson.
7. Groot Tom & Selto Frank. Advanced Management Accounting. Pearson.

Enrollment

06.02.2023 - 12.02.2023

Timing

09.01.2023 - 10.03.2023

Number of ECTS credits allocated

5 op

Mode of delivery

Face-to-face

Unit

School of Business

Campus

Main Campus

Teaching languages
  • English
Seats

0 - 25

Degree programmes
  • Master's Degree Programme in Sport Business Management
Teachers
  • Aki Laaksonen
Groups
  • ZJAYHS22S1
    Avoin AMK, lita, YAMK-polut, Sport Business Management
  • YHS22S1
    Master's Degree Programme in Sport Business Management
  • YHS23VK
    Master's Degree Programme in Sport Business Management, vaihto-opiskelu/Exchange studies

Objectives

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 following competences:

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.

Proactive development
• You identify development areas by anticipating the future of your field.
• You apply existing knowledge and utilize appropriate research methods in development projects.
• You develop the ability to think out of the box and challenge the limits to come up with creative and innovative solutions.

IBM competence:
Sustainable global business management
• You critically review and understand core concepts of global business management and sustainability from multidisciplinary perspectives of marketing, sales, strategy, finance, and management.
• You apply disciplinary and interdisciplinary knowledge to analyze global business challenges and propose sustainable business solutions to grow new ventures in global markets.

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.

Time and location

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

Lecture 1: Thu 16.2.2023 at 12:00-18:00
Lecture 2: Fri 17.2.2023 at 09:00-16:00
Lecture 3: Sat 18.2.2023 at 09:00-14:00

Learning materials and recommended literature

Brown, M.T., Rascher, D.A., Nagel, M.S. & McEvoy, C.D. (2017). Financial Management in the Sport Industry, 2nd Edition. Routledge. (3rd edition is also applicable)

Other chosen material, will be informed.

Teaching methods

Lectures
Literature
Video material
Exercises and assignments
Guidance and feedback

Exam dates and retake possibilities

The course does not include an exam.

Alternative completion methods

Accreditation (replacement and inclusion)
Recognition of informal learning
Studification

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

Student workload

Allocation of time on various tasks and student work load in total 135 h
Lectures 16 h
Independent familiarization with literature and videos 38 h
Independent exercises and assignments 81 h

Content scheduling

Lectures:
Lecture 1: Thu 16.2.2023 at 12:00-18:00 | 6hrs
Lecture 2: Fri 17.2.2023 at 09:00-16:00 | 6hrs
Lecture 3: Sat 18.2.2023 at 09:00-14:00 | 4hrs

Assignments and exercises

Further information for students

The assessment of the course is based on the following credits:
1) exercises and assignments (100%, 5 ECTS)

Open UAS 5 (included in total capacity)

Evaluation scale

0-5

Evaluation criteria, satisfactory (1-2)

Sufficient (1):
You have demonstrated a basic level of knowledge, skills, applications in all the three competences: Learning to learn, Proactive development and Sustainable global business management.

Satisfactory (2):
You have demonstrated an intermediate level of knowledge, skills, applications in one and basic level in the remaining two competences out of a total three competences: Learning to learn, Proactive development and Sustainable global business management.

Evaluation criteria, good (3-4)

Good (3):
You have demonstrated an excellent level of knowledge, skills, applications in one and intermediate level in the remaining two competences out of a total three competences: Learning to learn, Proactive development and Sustainable global business management.

Very good (4):
You have demonstrated an excellent level of knowledge, skills, applications in two and intermediate level in the remaining competence out of a total three competences: Learning to learn, Proactive development and Sustainable global business management.

Evaluation criteria, excellent (5)

You have demonstrated an excellent level of knowledge, skills, applications in all the three competences: Learning to learn, Proactive development and Sustainable global business management.

Prerequisites

Bachelor degree

Enrollment

01.11.2021 - 28.02.2022

Timing

10.01.2022 - 10.03.2022

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 - 50

Degree programmes
  • Master's Degree Programme in Sport Business Management
  • Master's Degree Programme in International Business Management
Teachers
  • Aki Laaksonen
Groups
  • YBB22VK
    Master's Degree Programme in International Business, vaihto-opiskelu/Exchange studies
  • YHS21S1
    Master's Degree Programme in Sport Business Management
  • ZJA21SHYS
    Avoin amk, lita, YAMK-polku, Sport Business Management
  • YBB21S1
    Master's Degree Programme in International Business
  • ZJA21SHYB
    Avoin amk, lita, YAMK-polku, International Business Management
  • ZJA22KH
    Avoin AMK, lita

Objectives

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 following competences:

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.

Proactive development
• You identify development areas by anticipating the future of your field.
• You apply existing knowledge and utilize appropriate research methods in development projects.
• You develop the ability to think out of the box and challenge the limits to come up with creative and innovative solutions.

IBM competence:
Sustainable global business management
• You critically review and understand core concepts of global business management and sustainability from multidisciplinary perspectives of marketing, sales, strategy, finance, and management.
• You apply disciplinary and interdisciplinary knowledge to analyze global business challenges and propose sustainable business solutions to grow new ventures in global markets.

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.

Learning materials and recommended literature

International Business Management (IBM):

Manzoni J-F. & Davila A. Performance Measurement and Management Control: Innovative Concepts and Practices Studies in Managerial and Financial Accounting Ser. Emerald Publishing Limited 2010.

McNair-Connolly CJ., Polutnik L. & Silvi R. Value Creation in Management Accounting and Strategic Management: Using Information to Capture Customer Value. Business Expert Press 2013.

Proctor, R. Managerial Accounting: A Decision Making and Performance Management. Pearson Education 2012. 4th Edition.

Satoshi S., Nabyla D. & Sumitaka U. Value Creation in Management Accounting and Strategic Management. John Wiley & Sons, Incorporated in 2017.

Sport Business Management:

Brown, M.T., Rascher, D.A., Nagel, M.S. & McEvoy, C.D. (2017). Financial Management in the Sport Industry, 2nd Edition. Routledge. (3rd edition is also applicable)

Winfree, J.A., Rosentraub, M.S., Mills, B.M. and Zondiak, M. (2018). Sports Finance and Management, 2nd Edition. Available as e-book in JAMK Library.

Teaching methods

Lectures
Literature
Video material
Exercises and assignments
Guidance and feedback

Exam dates and retake possibilities

The course does not include an exam.

Alternative completion methods

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

Allocation of time on various tasks and student work load in total 135 h
Lectures 15 h
Independent familiarization with literature and videos 40 h
Independent exercises and assignments 80 h

Content scheduling

International Business Management (IBM):
Lectures (wk 4; Fri 28.1. 14-20 and Sat 29.1. 09-15)
Exercises and assignments

Sport Business Management (SBM):
Lectures (wk 6; Fri 11.2. 14-20 and Sat 12.2. 09-15)
Exercises and assignments

Further information for students

The assessment of the course is based on the following credits:
1) exercises and assignments (100%, 5 ECTS)

Open university of applied sciences 10 are included in the total capacity (spots)
Exchange 5

Evaluation scale

0-5

Evaluation criteria, satisfactory (1-2)

Sufficient (1):
You have demonstrated a basic level of knowledge, skills, applications in all the three competences: Learning to learn, Proactive development and Sustainable global business management.

Satisfactory (2):
You have demonstrated an intermediate level of knowledge, skills, applications in one and basic level in the remaining two competences out of a total three competences: Learning to learn, Proactive development and Sustainable global business management.

Evaluation criteria, good (3-4)

Good (3):
You have demonstrated an excellent level of knowledge, skills, applications in one and intermediate level in the remaining two competences out of a total three competences: Learning to learn, Proactive development and Sustainable global business management.

Very good (4):
You have demonstrated an excellent level of knowledge, skills, applications in two and intermediate level in the remaining competence out of a total three competences: Learning to learn, Proactive development and Sustainable global business management.

Evaluation criteria, excellent (5)

You have demonstrated an excellent level of knowledge, skills, applications in all the three competences: Learning to learn, Proactive development and Sustainable global business management.

Prerequisites

Bachelor degree