Budjetointi (3 cr)

Evaluation scale

0-5

Objective

A student understands the purpose of budgeting as a tool of management control in an organization. A student masters budgeting techniques and is able to implement a budgeting system based on organizational needs. A student understands the critcism towards traditional budgeting methods.

Content

Budgeting system, the objectives of budgeting, the preparation of budgets and budgeting control and the alternatives of budgeting development.

Materials

Jormakka, R., Koivusalo, K., Lappalainen, J. & Niskanen, M. 2016. Laskentatoimi. Helsinki: Edita. Järvenpää, M., Länsiluoto, A., Partanen, J. & Pellinen, J. 2010 (or later edition), Talousohjaus ja kustannuslaskenta.

Completion alternatives

Assignments 60 % Virtual exam 40 %

Student workload

81 hours

Assessment criteria, satisfactory (1)

Sufficient (1): A student can assist in designing a budgeting system for a small organization. A student understands the key concepts and means of budgeting. A student recognizes the criticism towards traditional budgeting means.

Satisfactory (2): A student can with some support design a budgeting system for a SME company. He/she has some understanding of the theory, techniques and criticism of traditional budgeting means.

Assessment criteria, good (3)

3 (Good): A student can design a budgeting system for the needs of a small organization under supervision. A student has a vast understanding of the theory, techniques and criticism of traditional budgeting means.

4 (Very good) A student can design, and evaluate a budgeting system for the needs of a small organization. A student masters the techniques and criticism of traditional budgeting means. A student is able to estimate the useful of a budgeting system against the needs of the company.

Assessment criteria, excellent (5)

5 (Excellent): A student can independently design, implement and evaluate a budgeting system for the needs of a small organization. A student masters the theory, techniques and criticism of traditional budgeting means. A student is able to estimate the appropriateness of a budgeting system against the needs of the company.

Qualifications

Basic accounting studies

Further information

This course is a part of accounting studies. The course is compulsory for the students belonging to Business Control specialization within accounting studies. The student within Financial Control specialization may choose this course as elective professional studies.