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BudgetingLaajuus (3 cr)

Code: HL00BD24

Credits

3 op

Teaching language

  • Finnish

Responsible person

  • Pekka Pirinen

Objective

The object of the course
Budgeting is a key process in goal-oriented operations and managerial accounting. This course will provide you with the key knowledge and capabilities for budgeting and managerial accounting.

Course competences
Ethics
Business competence

The learning objectives of the course
During this course, you will learn about the significance, logic, principles, processes and methods of budgeting. You know how to draw up operating and master budgets as part of operational and financial management. You are able to draw up a budget comparison and analyze the differences from the budget monitoring point of view. You are able to identify and examine development targets from the budgeting point of view. You are able to review and analyze processes related to budgeting and put forward development proposals for them.

Content

During the course, the definition of and the tasks involved in budgeting, the relationship between budgeting and strategy, the budgeting system and process, budgeting methods, budget preparation, budget monitoring and budgeting problems and solutions will be discussed.

Qualifications

Basics of financial and management accounting.

Assessment criteria, satisfactory (1)

Adequate 1
You are able to name processes related to budgeting and know which processes affect budget preparation. You understand the basic principles of the budget and are able to draw up the operating budgets of the example company according to ready-made templates. You are able to explain in your own words the basic principles and significance of budgeting. You recognize control mechanisms related to budgeting and are familiar with key factors related to budgeting and the budget. You understand the significance of budgeting, operational planning and budget monitoring.

Satisfactory 2
You are able to present processes related to budgeting from the managerial accounting point of view and recognize factors related to budget control. You are able to prepare the operating and master budgets of the example company under guidance. You recognize factors affecting budget control mechanisms in the example company and are able to name key factors in budgeting in companies operating in different industry sectors.

Assessment criteria, good (3)

Good 3
You are able to outline the basic processes of budgeting, itemize the process steps from the managerial accounting point of view and describe the impact of processes on the management of operations. You are able to (independently) prepare the operating and master budgets and apply budgeting methods in support of managerial accounting. You are able to prepare a budget-based analysis. You are able to define factors affecting budget control in the example company and are able to define key factors in budgeting in companies operating in different industry sectors.

Very Good 4
You are able to assess the basic processes of budgeting from the managerial accounting point of view. You are able to develop profitability analyses based on operating and master budgets. You are able to define the effects of budgeting in the example company and the significance of budgeting in companies operating in different industry sectors. You understand the connection between the budget and the action plan.

Assessment criteria, excellent (5)

Excellent 5
You are able to plan the basic processes of budgeting from the managerial accounting point of view. You are able to plan active measures based on operating and master budgets that influence the management of operations and managerial accounting. You are able to assess the impact of budget control on the example company and report the actions taken based on it and the impact of budgeting in companies operating in different industry sectors.

Enrollment

18.11.2024 - 09.01.2025

Timing

13.01.2025 - 19.05.2025

Number of ECTS credits allocated

3 op

Mode of delivery

Face-to-face

Unit

School of Business

Campus

Main Campus

Teaching languages
  • Finnish
Seats

20 - 40

Degree programmes
  • Bachelor's Degree Programme in Business Management
Teachers
  • Ari Karsikas
Groups
  • ZJA25KH
    Avoin amk, lita
  • HTL23S1
    Liiketalouden tutkinto-ohjelma (AMK)
  • HTLTALB
    Financial Management-Business, Business Administration

Objectives

The object of the course
Budgeting is a key process in goal-oriented operations and managerial accounting. This course will provide you with the key knowledge and capabilities for budgeting and managerial accounting.

Course competences
Ethics
Business competence

The learning objectives of the course
During this course, you will learn about the significance, logic, principles, processes and methods of budgeting. You know how to draw up operating and master budgets as part of operational and financial management. You are able to draw up a budget comparison and analyze the differences from the budget monitoring point of view. You are able to identify and examine development targets from the budgeting point of view. You are able to review and analyze processes related to budgeting and put forward development proposals for them.

Content

During the course, the definition of and the tasks involved in budgeting, the relationship between budgeting and strategy, the budgeting system and process, budgeting methods, budget preparation, budget monitoring and budgeting problems and solutions will be discussed.

Learning materials and recommended literature

Jormakka, R., Koivusalo, K., Lappalainen, J. & Niskanen, M. (2015). Laskentatoimi. Helsinki : Edita. ISBN 978-951-37-6782-2 (verkkoaineisto) ja ISBN 978-951-37-6622-1 (nidottu). Budjetointia käsittelevät luvut. (HUOM! Myös muut painokset ovat soveltuvia.)

Järvenpää, M., Länsiluoto, A., Partanen, V. & Pellinen, J. (2013). Talousohjaus ja kustannuslaskenta (2. uud. painos). Helsinki : Sanoma Pro. ISBN 978-952-63-2005-2 (nidottu). Budjetointia käsittelevät luvut. (HUOM! Myös muut painokset ovat soveltuvia.)

Neilimo, K. & Uusi-Rauva, E. (2005). Johdon laskentatoimi. (6. uud. painos). Helsinki : Edita. ISBN 978-951-37-4109-9 (nidottu). Budjetointia käsittelevät luvut. (HUOM! Myös muut painokset ovat soveltuvia.)

Åkerberg, P. (2017). Budjetointi 2020-luvulla (1. painos). Helsinki: Alma Media Pro. ISBN 978-952-14-3161-6 verkkoaineisto (e-kirja) ja ISBN 978-952-14-3159-3 (sidottu).

Teaching methods

Webinars
Literature
Video material
Independent assignments
Guidance and feedback

Practical training and working life connections

More exact information on the work placements linked to the course shall be provided by the teacher during the first contact lessons of the course.

Exam dates and retake possibilities

Exam week 18. The resit exams will be held in Exam.

Alternative completion methods

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

Allocation of time on various tasks and student work load in total 81 h
Lectures and exercises 20 h
Independent study and independent learning assignments 35 h
Other assignments 80 h

Content scheduling

Webinars (wk 12-15)
Exam (wk 16)
Exam resit 1 (wk 17)
Exam resit 2 (wk 18)

Further information for students

The course is included in financial management specialization (Talousjohtaminen).
The assessment of the course is based on the following credits:
1) exercises and assignments (50%, 1,5 ECTS)
2) exam (50%, 1,5 ECTS)

Evaluation scale

0-5

Evaluation criteria, satisfactory (1-2)

Adequate 1
You are able to name processes related to budgeting and know which processes affect budget preparation. You understand the basic principles of the budget and are able to draw up the operating budgets of the example company according to ready-made templates. You are able to explain in your own words the basic principles and significance of budgeting. You recognize control mechanisms related to budgeting and are familiar with key factors related to budgeting and the budget. You understand the significance of budgeting, operational planning and budget monitoring.

Satisfactory 2
You are able to present processes related to budgeting from the managerial accounting point of view and recognize factors related to budget control. You are able to prepare the operating and master budgets of the example company under guidance. You recognize factors affecting budget control mechanisms in the example company and are able to name key factors in budgeting in companies operating in different industry sectors.

Evaluation criteria, good (3-4)

Good 3
You are able to outline the basic processes of budgeting, itemize the process steps from the managerial accounting point of view and describe the impact of processes on the management of operations. You are able to (independently) prepare the operating and master budgets and apply budgeting methods in support of managerial accounting. You are able to prepare a budget-based analysis. You are able to define factors affecting budget control in the example company and are able to define key factors in budgeting in companies operating in different industry sectors.

Very Good 4
You are able to assess the basic processes of budgeting from the managerial accounting point of view. You are able to develop profitability analyses based on operating and master budgets. You are able to define the effects of budgeting in the example company and the significance of budgeting in companies operating in different industry sectors. You understand the connection between the budget and the action plan.

Evaluation criteria, excellent (5)

Excellent 5
You are able to plan the basic processes of budgeting from the managerial accounting point of view. You are able to plan active measures based on operating and master budgets that influence the management of operations and managerial accounting. You are able to assess the impact of budget control on the example company and report the actions taken based on it and the impact of budgeting in companies operating in different industry sectors.

Prerequisites

Basics of financial and management accounting.

Enrollment

27.02.2024 - 17.03.2024

Timing

01.04.2024 - 31.05.2024

Number of ECTS credits allocated

3 op

Virtual portion

3 op

Mode of delivery

Online learning

Unit

School of Business

Teaching languages
  • Finnish
Seats

0 - 40

Degree programmes
  • Bachelor's Degree Programme in Business Management
Teachers
  • Ari Karsikas
Groups
  • ZJA24KH
    Avoin AMK, lita
  • ZJA23SH2
    Avoin AMK, lita, talous, erillisryhmä
  • HTL22S1
    Liiketalouden tutkinto-ohjelma (AMK)
  • HTL23S1
    Liiketalouden tutkinto-ohjelma (AMK)

Objectives

The object of the course
Budgeting is a key process in goal-oriented operations and managerial accounting. This course will provide you with the key knowledge and capabilities for budgeting and managerial accounting.

Course competences
Ethics
Business competence

The learning objectives of the course
During this course, you will learn about the significance, logic, principles, processes and methods of budgeting. You know how to draw up operating and master budgets as part of operational and financial management. You are able to draw up a budget comparison and analyze the differences from the budget monitoring point of view. You are able to identify and examine development targets from the budgeting point of view. You are able to review and analyze processes related to budgeting and put forward development proposals for them.

Content

During the course, the definition of and the tasks involved in budgeting, the relationship between budgeting and strategy, the budgeting system and process, budgeting methods, budget preparation, budget monitoring and budgeting problems and solutions will be discussed.

Learning materials and recommended literature

Jormakka, R., Koivusalo, K., Lappalainen, J. & Niskanen, M. (2015). Laskentatoimi. Helsinki : Edita. ISBN 978-951-37-6782-2 (verkkoaineisto) ja ISBN 978-951-37-6622-1 (nidottu). Budjetointia käsittelevät luvut. (HUOM! Myös muut painokset ovat soveltuvia.)

Järvenpää, M., Länsiluoto, A., Partanen, V. & Pellinen, J. (2013). Talousohjaus ja kustannuslaskenta (2. uud. painos). Helsinki : Sanoma Pro. ISBN 978-952-63-2005-2 (nidottu). Budjetointia käsittelevät luvut. (HUOM! Myös muut painokset ovat soveltuvia.)

Neilimo, K. & Uusi-Rauva, E. (2005). Johdon laskentatoimi. (6. uud. painos). Helsinki : Edita. ISBN 978-951-37-4109-9 (nidottu). Budjetointia käsittelevät luvut. (HUOM! Myös muut painokset ovat soveltuvia.)

Åkerberg, P. (2017). Budjetointi 2020-luvulla (1. painos). Helsinki: Alma Media Pro. ISBN 978-952-14-3161-6 verkkoaineisto (e-kirja) ja ISBN 978-952-14-3159-3 (sidottu).

Teaching methods

Webinars
Literature
Video material
Independent assignments
Guidance and feedback

Practical training and working life connections

More exact information on the work placements linked to the course shall be provided by the teacher during the first contact lessons of the course.

Exam dates and retake possibilities

Exam week 18
1st resit exam week 19
2nd resit exam week 20

Alternative completion methods

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

Allocation of time on various tasks and student work load in total 81 h
Lectures and exercises 20 h
Independent study and independent learning assignments 35 h
Other assignments 80 h

Content scheduling

Webinars (wk 12-15)
Exam (wk 16)
Exam resit 1 (wk 17)
Exam resit 2 (wk 18)

Further information for students

The course is included in financial management specialization (Talousjohtaminen).
The assessment of the course is based on the following credits:
1) exercises and assignments (50%, 1,5 ECTS)
2) exam (50%, 1,5 ECTS)

Evaluation scale

0-5

Evaluation criteria, satisfactory (1-2)

Adequate 1
You are able to name processes related to budgeting and know which processes affect budget preparation. You understand the basic principles of the budget and are able to draw up the operating budgets of the example company according to ready-made templates. You are able to explain in your own words the basic principles and significance of budgeting. You recognize control mechanisms related to budgeting and are familiar with key factors related to budgeting and the budget. You understand the significance of budgeting, operational planning and budget monitoring.

Satisfactory 2
You are able to present processes related to budgeting from the managerial accounting point of view and recognize factors related to budget control. You are able to prepare the operating and master budgets of the example company under guidance. You recognize factors affecting budget control mechanisms in the example company and are able to name key factors in budgeting in companies operating in different industry sectors.

Evaluation criteria, good (3-4)

Good 3
You are able to outline the basic processes of budgeting, itemize the process steps from the managerial accounting point of view and describe the impact of processes on the management of operations. You are able to (independently) prepare the operating and master budgets and apply budgeting methods in support of managerial accounting. You are able to prepare a budget-based analysis. You are able to define factors affecting budget control in the example company and are able to define key factors in budgeting in companies operating in different industry sectors.

Very Good 4
You are able to assess the basic processes of budgeting from the managerial accounting point of view. You are able to develop profitability analyses based on operating and master budgets. You are able to define the effects of budgeting in the example company and the significance of budgeting in companies operating in different industry sectors. You understand the connection between the budget and the action plan.

Evaluation criteria, excellent (5)

Excellent 5
You are able to plan the basic processes of budgeting from the managerial accounting point of view. You are able to plan active measures based on operating and master budgets that influence the management of operations and managerial accounting. You are able to assess the impact of budget control on the example company and report the actions taken based on it and the impact of budgeting in companies operating in different industry sectors.

Prerequisites

Basics of financial and management accounting.

Enrollment

20.11.2023 - 04.01.2024

Timing

18.03.2024 - 19.04.2024

Number of ECTS credits allocated

3 op

Virtual portion

3 op

Mode of delivery

Online learning

Unit

School of Business

Teaching languages
  • Finnish
Seats

20 - 40

Degree programmes
  • Bachelor's Degree Programme in Business Management
Teachers
  • Ari Karsikas
Groups
  • HTLTALB
    Financial Management-Business, Business Administration
  • HTL22S1
    Liiketalouden tutkinto-ohjelma (AMK)
  • HTL22SIY
    Liiketalouden tutkinto-ohjelma (AMK)

Objectives

The object of the course
Budgeting is a key process in goal-oriented operations and managerial accounting. This course will provide you with the key knowledge and capabilities for budgeting and managerial accounting.

Course competences
Ethics
Business competence

The learning objectives of the course
During this course, you will learn about the significance, logic, principles, processes and methods of budgeting. You know how to draw up operating and master budgets as part of operational and financial management. You are able to draw up a budget comparison and analyze the differences from the budget monitoring point of view. You are able to identify and examine development targets from the budgeting point of view. You are able to review and analyze processes related to budgeting and put forward development proposals for them.

Content

During the course, the definition of and the tasks involved in budgeting, the relationship between budgeting and strategy, the budgeting system and process, budgeting methods, budget preparation, budget monitoring and budgeting problems and solutions will be discussed.

Learning materials and recommended literature

Jormakka, R., Koivusalo, K., Lappalainen, J. & Niskanen, M. (2015). Laskentatoimi. Helsinki : Edita. ISBN 978-951-37-6782-2 (verkkoaineisto) ja ISBN 978-951-37-6622-1 (nidottu). Budjetointia käsittelevät luvut. (HUOM! Myös muut painokset ovat soveltuvia.)

Järvenpää, M., Länsiluoto, A., Partanen, V. & Pellinen, J. (2013). Talousohjaus ja kustannuslaskenta (2. uud. painos). Helsinki : Sanoma Pro. ISBN 978-952-63-2005-2 (nidottu). Budjetointia käsittelevät luvut. (HUOM! Myös muut painokset ovat soveltuvia.)

Neilimo, K. & Uusi-Rauva, E. (2005). Johdon laskentatoimi. (6. uud. painos). Helsinki : Edita. ISBN 978-951-37-4109-9 (nidottu). Budjetointia käsittelevät luvut. (HUOM! Myös muut painokset ovat soveltuvia.)

Åkerberg, P. (2017). Budjetointi 2020-luvulla (1. painos). Helsinki: Alma Media Pro. ISBN 978-952-14-3161-6 verkkoaineisto (e-kirja) ja ISBN 978-952-14-3159-3 (sidottu).

Teaching methods

Webinars
Literature
Video material
Independent assignments
Guidance and feedback

Practical training and working life connections

More exact information on the work placements linked to the course shall be provided by the teacher during the first contact lessons of the course.

Exam dates and retake possibilities

Exam week 16
1st resit exam week 17
2nd resit exam week 18

Alternative completion methods

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

Allocation of time on various tasks and student work load in total 81 h
Lectures and exercises 20 h
Independent study and independent learning assignments 35 h
Other assignments 80 h

Content scheduling

Webinars (wk 12-15)
Exam (wk 16)
Exam resit 1 (wk 17)
Exam resit 2 (wk 18)

Further information for students

The course is included in financial management specialization (Talousjohtaminen).
The assessment of the course is based on the following credits:
1) exercises and assignments (50%, 1,5 ECTS)
2) exam (50%, 1,5 ECTS)

Evaluation scale

0-5

Evaluation criteria, satisfactory (1-2)

Adequate 1
You are able to name processes related to budgeting and know which processes affect budget preparation. You understand the basic principles of the budget and are able to draw up the operating budgets of the example company according to ready-made templates. You are able to explain in your own words the basic principles and significance of budgeting. You recognize control mechanisms related to budgeting and are familiar with key factors related to budgeting and the budget. You understand the significance of budgeting, operational planning and budget monitoring.

Satisfactory 2
You are able to present processes related to budgeting from the managerial accounting point of view and recognize factors related to budget control. You are able to prepare the operating and master budgets of the example company under guidance. You recognize factors affecting budget control mechanisms in the example company and are able to name key factors in budgeting in companies operating in different industry sectors.

Evaluation criteria, good (3-4)

Good 3
You are able to outline the basic processes of budgeting, itemize the process steps from the managerial accounting point of view and describe the impact of processes on the management of operations. You are able to (independently) prepare the operating and master budgets and apply budgeting methods in support of managerial accounting. You are able to prepare a budget-based analysis. You are able to define factors affecting budget control in the example company and are able to define key factors in budgeting in companies operating in different industry sectors.

Very Good 4
You are able to assess the basic processes of budgeting from the managerial accounting point of view. You are able to develop profitability analyses based on operating and master budgets. You are able to define the effects of budgeting in the example company and the significance of budgeting in companies operating in different industry sectors. You understand the connection between the budget and the action plan.

Evaluation criteria, excellent (5)

Excellent 5
You are able to plan the basic processes of budgeting from the managerial accounting point of view. You are able to plan active measures based on operating and master budgets that influence the management of operations and managerial accounting. You are able to assess the impact of budget control on the example company and report the actions taken based on it and the impact of budgeting in companies operating in different industry sectors.

Prerequisites

Basics of financial and management accounting.

Enrollment

21.11.2022 - 05.01.2023

Timing

13.03.2023 - 12.05.2023

Number of ECTS credits allocated

3 op

Virtual portion

3 op

Mode of delivery

Online learning

Unit

School of Business

Teaching languages
  • Finnish
Degree programmes
  • Bachelor's Degree Programme in Business Management
Teachers
  • Ari Karsikas
Groups
  • HTL21S1
    Liiketalouden tutkinto-ohjelma (AMK)
  • HTLTALB
    Financial Management-Business, Business Administration
  • ZJA23KH
    Avoin AMK, lita
  • ZJK23KH
    Korkeakoulujen välinen yhteistyö, LITA
  • ZJA22SH2
    Avoin AMK, lita, talous, erillisryhmä

Objectives

The object of the course
Budgeting is a key process in goal-oriented operations and managerial accounting. This course will provide you with the key knowledge and capabilities for budgeting and managerial accounting.

Course competences
Ethics
Business competence

The learning objectives of the course
During this course, you will learn about the significance, logic, principles, processes and methods of budgeting. You know how to draw up operating and master budgets as part of operational and financial management. You are able to draw up a budget comparison and analyze the differences from the budget monitoring point of view. You are able to identify and examine development targets from the budgeting point of view. You are able to review and analyze processes related to budgeting and put forward development proposals for them.

Content

During the course, the definition of and the tasks involved in budgeting, the relationship between budgeting and strategy, the budgeting system and process, budgeting methods, budget preparation, budget monitoring and budgeting problems and solutions will be discussed.

Learning materials and recommended literature

Jormakka, R., Koivusalo, K., Lappalainen, J. & Niskanen, M. (2015). Laskentatoimi. Helsinki : Edita. ISBN 978-951-37-6782-2 (verkkoaineisto) ja ISBN 978-951-37-6622-1 (nidottu). Budjetointia käsittelevät luvut. (HUOM! Myös muut painokset ovat soveltuvia.)

Järvenpää, M., Länsiluoto, A., Partanen, V. & Pellinen, J. (2013). Talousohjaus ja kustannuslaskenta (2. uud. painos). Helsinki : Sanoma Pro. ISBN 978-952-63-2005-2 (nidottu). Budjetointia käsittelevät luvut. (HUOM! Myös muut painokset ovat soveltuvia.)

Neilimo, K. & Uusi-Rauva, E. (2005). Johdon laskentatoimi. (6. uud. painos). Helsinki : Edita. ISBN 978-951-37-4109-9 (nidottu). Budjetointia käsittelevät luvut. (HUOM! Myös muut painokset ovat soveltuvia.)

Åkerberg, P. (2017). Budjetointi 2020-luvulla (1. painos). Helsinki: Alma Media Pro. ISBN 978-952-14-3161-6 verkkoaineisto (e-kirja) ja ISBN 978-952-14-3159-3 (sidottu).

Teaching methods

Webinars
Literature
Video material
Independent assignments
Guidance and feedback

Practical training and working life connections

More exact information on the work placements linked to the course shall be provided by the teacher during the first contact lessons of the course.

Exam dates and retake possibilities

Exam week 16
1st resit exam week 17
2nd resit exam week 18

Alternative completion methods

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

Allocation of time on various tasks and student work load in total 81 h
Lectures and exercises 20 h
Independent study and independent learning assignments 35 h
Other assignments 80 h

Content scheduling

Webinars (wk 2-8)
Exam (wk 10)
Exam resit 1 (wk 11)
Exam resit 2 (wk 12)

Further information for students

The course is included in financial management specialization (Talousjohtaminen).
The assessment of the course is based on the following credits:
1) exercises and assignments (50%, 1,5 ECTS)
2) exam (50%, 1,5 ECTS)

Evaluation scale

0-5

Evaluation criteria, satisfactory (1-2)

Adequate 1
You are able to name processes related to budgeting and know which processes affect budget preparation. You understand the basic principles of the budget and are able to draw up the operating budgets of the example company according to ready-made templates. You are able to explain in your own words the basic principles and significance of budgeting. You recognize control mechanisms related to budgeting and are familiar with key factors related to budgeting and the budget. You understand the significance of budgeting, operational planning and budget monitoring.

Satisfactory 2
You are able to present processes related to budgeting from the managerial accounting point of view and recognize factors related to budget control. You are able to prepare the operating and master budgets of the example company under guidance. You recognize factors affecting budget control mechanisms in the example company and are able to name key factors in budgeting in companies operating in different industry sectors.

Evaluation criteria, good (3-4)

Good 3
You are able to outline the basic processes of budgeting, itemize the process steps from the managerial accounting point of view and describe the impact of processes on the management of operations. You are able to (independently) prepare the operating and master budgets and apply budgeting methods in support of managerial accounting. You are able to prepare a budget-based analysis. You are able to define factors affecting budget control in the example company and are able to define key factors in budgeting in companies operating in different industry sectors.

Very Good 4
You are able to assess the basic processes of budgeting from the managerial accounting point of view. You are able to develop profitability analyses based on operating and master budgets. You are able to define the effects of budgeting in the example company and the significance of budgeting in companies operating in different industry sectors. You understand the connection between the budget and the action plan.

Evaluation criteria, excellent (5)

Excellent 5
You are able to plan the basic processes of budgeting from the managerial accounting point of view. You are able to plan active measures based on operating and master budgets that influence the management of operations and managerial accounting. You are able to assess the impact of budget control on the example company and report the actions taken based on it and the impact of budgeting in companies operating in different industry sectors.

Prerequisites

Basics of financial and management accounting.

Enrollment

01.11.2022 - 05.01.2023

Timing

09.01.2023 - 10.03.2023

Number of ECTS credits allocated

3 op

Virtual portion

3 op

Mode of delivery

Online learning

Unit

School of Business

Teaching languages
  • Finnish
Seats

0 - 40

Degree programmes
  • Bachelor's Degree Programme in Business Management
Teachers
  • Ari Karsikas
Groups
  • HTLTALB
    Financial Management-Business, Business Administration
  • HTL21SIY
    Liiketalouden tutkinto-ohjelma (AMK)

Objectives

The object of the course
Budgeting is a key process in goal-oriented operations and managerial accounting. This course will provide you with the key knowledge and capabilities for budgeting and managerial accounting.

Course competences
Ethics
Business competence

The learning objectives of the course
During this course, you will learn about the significance, logic, principles, processes and methods of budgeting. You know how to draw up operating and master budgets as part of operational and financial management. You are able to draw up a budget comparison and analyze the differences from the budget monitoring point of view. You are able to identify and examine development targets from the budgeting point of view. You are able to review and analyze processes related to budgeting and put forward development proposals for them.

Content

During the course, the definition of and the tasks involved in budgeting, the relationship between budgeting and strategy, the budgeting system and process, budgeting methods, budget preparation, budget monitoring and budgeting problems and solutions will be discussed.

Learning materials and recommended literature

Jormakka, R., Koivusalo, K., Lappalainen, J. & Niskanen, M. (2015). Laskentatoimi. Helsinki : Edita. ISBN 978-951-37-6782-2 (verkkoaineisto) ja ISBN 978-951-37-6622-1 (nidottu). Budjetointia käsittelevät luvut. (HUOM! Myös muut painokset ovat soveltuvia.)

Järvenpää, M., Länsiluoto, A., Partanen, V. & Pellinen, J. (2013). Talousohjaus ja kustannuslaskenta (2. uud. painos). Helsinki : Sanoma Pro. ISBN 978-952-63-2005-2 (nidottu). Budjetointia käsittelevät luvut. (HUOM! Myös muut painokset ovat soveltuvia.)

Neilimo, K. & Uusi-Rauva, E. (2005). Johdon laskentatoimi. (6. uud. painos). Helsinki : Edita. ISBN 978-951-37-4109-9 (nidottu). Budjetointia käsittelevät luvut. (HUOM! Myös muut painokset ovat soveltuvia.)

Åkerberg, P. (2017). Budjetointi 2020-luvulla (1. painos). Helsinki: Alma Media Pro. ISBN 978-952-14-3161-6 verkkoaineisto (e-kirja) ja ISBN 978-952-14-3159-3 (sidottu).

Teaching methods

Webinars
Literature
Video material
Independent assignments
Guidance and feedback

Practical training and working life connections

More exact information on the work placements linked to the course shall be provided by the teacher during the first contact lessons of the course.

Exam dates and retake possibilities

Exam week 10
1st resit exam week 11
2nd resit exam week 12

Alternative completion methods

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

Allocation of time on various tasks and student work load in total 81 h
Lectures and exercises 20 h
Independent study and independent learning assignments 35 h
Other assignments 80 h

Content scheduling

Webinars (wk 2-8)
Exam (wk 10)
Exam resit 1 (wk 11)
Exam resit 2 (wk 12)

Further information for students

Open university of applied sciences (3).

The course is included in financial management specialization (Talousjohtaminen).
The assessment of the course is based on the following credits:
1) exercises and assignments (50%, 1,5 ECTS)
2) exam (50%, 1,5 ECTS)

Evaluation scale

0-5

Evaluation criteria, satisfactory (1-2)

Adequate 1
You are able to name processes related to budgeting and know which processes affect budget preparation. You understand the basic principles of the budget and are able to draw up the operating budgets of the example company according to ready-made templates. You are able to explain in your own words the basic principles and significance of budgeting. You recognize control mechanisms related to budgeting and are familiar with key factors related to budgeting and the budget. You understand the significance of budgeting, operational planning and budget monitoring.

Satisfactory 2
You are able to present processes related to budgeting from the managerial accounting point of view and recognize factors related to budget control. You are able to prepare the operating and master budgets of the example company under guidance. You recognize factors affecting budget control mechanisms in the example company and are able to name key factors in budgeting in companies operating in different industry sectors.

Evaluation criteria, good (3-4)

Good 3
You are able to outline the basic processes of budgeting, itemize the process steps from the managerial accounting point of view and describe the impact of processes on the management of operations. You are able to (independently) prepare the operating and master budgets and apply budgeting methods in support of managerial accounting. You are able to prepare a budget-based analysis. You are able to define factors affecting budget control in the example company and are able to define key factors in budgeting in companies operating in different industry sectors.

Very Good 4
You are able to assess the basic processes of budgeting from the managerial accounting point of view. You are able to develop profitability analyses based on operating and master budgets. You are able to define the effects of budgeting in the example company and the significance of budgeting in companies operating in different industry sectors. You understand the connection between the budget and the action plan.

Evaluation criteria, excellent (5)

Excellent 5
You are able to plan the basic processes of budgeting from the managerial accounting point of view. You are able to plan active measures based on operating and master budgets that influence the management of operations and managerial accounting. You are able to assess the impact of budget control on the example company and report the actions taken based on it and the impact of budgeting in companies operating in different industry sectors.

Prerequisites

Basics of financial and management accounting.

Enrollment

01.11.2021 - 09.01.2022

Timing

10.01.2022 - 20.05.2022

Number of ECTS credits allocated

3 op

Virtual portion

3 op

Mode of delivery

Online learning

Unit

School of Business

Campus

Main Campus

Teaching languages
  • Finnish
Seats

0 - 37

Degree programmes
  • Bachelor's Degree Programme in Business Management
Teachers
  • Aki Laaksonen
Groups
  • HTL20IY
    Bachelor's Degree Programme in Business Management
  • HTL20S1
    Liiketalous
  • ZJA22KH
    Avoin AMK, lita
  • HTLTALB
    Financial Management-Business, Business Administration

Objectives

The object of the course
Budgeting is a key process in goal-oriented operations and managerial accounting. This course will provide you with the key knowledge and capabilities for budgeting and managerial accounting.

Course competences
Ethics
Business competence

The learning objectives of the course
During this course, you will learn about the significance, logic, principles, processes and methods of budgeting. You know how to draw up operating and master budgets as part of operational and financial management. You are able to draw up a budget comparison and analyze the differences from the budget monitoring point of view. You are able to identify and examine development targets from the budgeting point of view. You are able to review and analyze processes related to budgeting and put forward development proposals for them.

Content

During the course, the definition of and the tasks involved in budgeting, the relationship between budgeting and strategy, the budgeting system and process, budgeting methods, budget preparation, budget monitoring and budgeting problems and solutions will be discussed.

Learning materials and recommended literature

Jormakka, R., Koivusalo, K., Lappalainen, J. & Niskanen, M. (2015). Laskentatoimi. Helsinki : Edita. ISBN 978-951-37-6782-2 (verkkoaineisto) ja ISBN 978-951-37-6622-1 (nidottu). Budjetointia käsittelevät luvut. (HUOM! Myös muut painokset ovat soveltuvia.)

Järvenpää, M., Länsiluoto, A., Partanen, V. & Pellinen, J. (2013). Talousohjaus ja kustannuslaskenta (2. uud. painos). Helsinki : Sanoma Pro. ISBN 978-952-63-2005-2 (nidottu). Budjetointia käsittelevät luvut. (HUOM! Myös muut painokset ovat soveltuvia.)

Neilimo, K. & Uusi-Rauva, E. (2005). Johdon laskentatoimi. (6. uud. painos). Helsinki : Edita. ISBN 978-951-37-4109-9 (nidottu). Budjetointia käsittelevät luvut. (HUOM! Myös muut painokset ovat soveltuvia.)

Åkerberg, P. (2017). Budjetointi 2020-luvulla (1. painos). Helsinki: Alma Media Pro. ISBN 978-952-14-3161-6 verkkoaineisto (e-kirja) ja ISBN 978-952-14-3159-3 (sidottu).

Teaching methods

Webinars
Literature
Video material
Independent assignments
Guidance and feedback

Practical training and working life connections

More exact information on the work placements linked to the course shall be provided by the teacher during the first contact lessons of the course.

Exam dates and retake possibilities

Exam week 18
1st resit exam week 19
2nd resit exam week 20

Alternative completion methods

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

Allocation of time on various tasks and student work load in total 81 h
Lectures and exercises 20 h
Independent study and independent learning assignments 35 h
Other assignments 80 h

Content scheduling

Webinars (wk 10-13)
Exam (wk 18)
Exam resit 1 (wk 19)
Exam resit 2 (wk 20)

Further information for students

Open university of applied sciences (3).

The course is included in financial management specialization (Talousjohtaminen).
The assessment of the course is based on the following credits:
1) exercises and assignments (50%, 1,5 ECTS)
2) exam (50%, 1,5 ECTS)

Evaluation scale

0-5

Evaluation criteria, satisfactory (1-2)

Adequate 1
You are able to name processes related to budgeting and know which processes affect budget preparation. You understand the basic principles of the budget and are able to draw up the operating budgets of the example company according to ready-made templates. You are able to explain in your own words the basic principles and significance of budgeting. You recognize control mechanisms related to budgeting and are familiar with key factors related to budgeting and the budget. You understand the significance of budgeting, operational planning and budget monitoring.

Satisfactory 2
You are able to present processes related to budgeting from the managerial accounting point of view and recognize factors related to budget control. You are able to prepare the operating and master budgets of the example company under guidance. You recognize factors affecting budget control mechanisms in the example company and are able to name key factors in budgeting in companies operating in different industry sectors.

Evaluation criteria, good (3-4)

Good 3
You are able to outline the basic processes of budgeting, itemize the process steps from the managerial accounting point of view and describe the impact of processes on the management of operations. You are able to (independently) prepare the operating and master budgets and apply budgeting methods in support of managerial accounting. You are able to prepare a budget-based analysis. You are able to define factors affecting budget control in the example company and are able to define key factors in budgeting in companies operating in different industry sectors.

Very Good 4
You are able to assess the basic processes of budgeting from the managerial accounting point of view. You are able to develop profitability analyses based on operating and master budgets. You are able to define the effects of budgeting in the example company and the significance of budgeting in companies operating in different industry sectors. You understand the connection between the budget and the action plan.

Evaluation criteria, excellent (5)

Excellent 5
You are able to plan the basic processes of budgeting from the managerial accounting point of view. You are able to plan active measures based on operating and master budgets that influence the management of operations and managerial accounting. You are able to assess the impact of budget control on the example company and report the actions taken based on it and the impact of budgeting in companies operating in different industry sectors.

Prerequisites

Basics of financial and management accounting.