Management Accounting and Business PlanningLaajuus (5 cr)

Objective

Students will be able to carry out calculations that support the finances and specifically profitability related management decision making. Students will be able to compile a company's business plan.

Content

Profitability monitoring
Planning operations
Cost accounting
Activity based accounting
Assessing the profitability of investments

Company strategic planning process
Business idea, values, vision
Business ideas and defining the business idea
Analyses
Calculations
Business plan

Assessment criteria, excellent (5)

The students are able to interpret and apply management accounting theory. They are able to independently compile demanding profitability planning and management calculations. The students are able to analyse, compare and critically assess the implementation of a business plan using acquired knowledge. They are able to analyse the customer and goal orientation and profitability of the plan. They develop the work and spirit of their team/group.

Assessment criteria, good (3)

The students are able to interpret and management accounting theory. They are able to independently compile profitability planning and management calculations. The students are able to describe and give reasons for initializing business activities and business linked procedures. They are able to work independently according to their acquired knowledge and instructions and can apply the techniques models of the business plan. They are able to work independently to achieve goals and to justify their work with professional ethical principles. The students are able to assess the compatibility of the parts of the business idea and a selected strategy. They work together to achieve common goals in teams and groups.

Assessment criteria, satisfactory (1)

The students are able to identify management accounting theory. They are able to compile profitability planning and management calculations under supervision. The students are able to define and use the basic concepts of business planning according to professional ethical principles. The business plan contains enough information to commence business operations. They participate in group (classroom) work.