Management Accounting
| Structure Type: | Study unit |
|---|---|
| Code: | TL00BR16 |
| Curriculum: | LT 2025 |
| Level: | Bachelor of Business Administration |
| Year of Study: | 2 (2026-2027) |
| Semester: | Autumn |
| Credits: | 5 cr |
| Responsible Teacher: | Lehtimäki, Harri |
| Language of Instruction: | English |
Learning Outcomes
After completing the course student is able to plan, perform and supervise tasks related to operational cost accounting and is able to apply different cost accounting methods and carry out calculations for decision making. Student is also able to apply activity based costing method and prepare an ABC-model by using the Opiferus Activity Based Cost -application. In addition student is able to prepare comprehensive budgets including sub-budgets. Please note that all materials are in English, but the language of instruction is Finnish!
Student's Workload
1 ECTS = 27h of work, so 5 ECTS = 135h is distributed in a study course as follows:
• Contact lessons and exercises 33 hours
• Independent work 90 hours
• Opiferus exercises 7 hours
• Midterm exams 5 hours
Prerequisites / Recommended Optional Courses
Basics of Cost Accounting
Contents
Basic cost concepts, cost categories, cost center accounting, output-based costs, standard cost accounting, activity-based cost accounting (ABC) and ABC management, budgeting, preparation of sub-budgets and master budgets, the principles of strategic cost management, ABC-model construction by using the Opiferus Activity-Based Cost -application.
Regional Impact
Profitable and well-planned economic activities ensure the continuity of the region's companies. Profitable operations have the impact on employment.
Internationality
International operations and export requires a good financial planning and implementation of it. The risks of international operations need to be brought under control.
Recommended or Required Reading and Other Learning Resources/Tools
• Teaching material
• Exercises
• Activity-based cost accounting project with the Opiferus application
Mode of Delivery / Planned Learning Activities and Teaching Methods
Lectures, written exercises, self-reliant studying, exercises and project with Opiferus applicationapplication. Please note that all materials are in English, but the language of instruction is Finnish!
Assessment Criteria
5 the student can utilise and apply essential theories, concepts and methods in various situations. He understands the development needs in the field and jutifys the solutions made when acting in task of an expert.
3 the student can utilise theories, conseps and methods consistently in written and oral communication. He can justify the solutions made when acting in tasks of an expert.
1 the student can utilise essential theories, concepts and methods in various situations. He can communicate about the essential issues of the field.
Assessment Methods
Assessment on scale 0-5.
The grade is formed as follows:
For on-site teaching at VAMK:
• Written test I 40 %
• Written test II 40 %
• Practise work 20 %
For remote teaching:
• Exam 100 %