Cost management and performance measurement
| Structure Type: | Course |
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| Code: | KD07CLLA310 |
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| Type: | Elective |
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| Level: | Bachelor |
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| Credits: | 4.0 points |
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| Responsible Teacher: | Länsiluoto, Aapo |
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| Teacher Team: | Länsiluoto, Aapo |
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| Language of Instruction: | Finnish |
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Learning Outcomes
Students can produce management accounting information for operative and strategic decision making. Students are able to apply the key concepts of the course also in English. They can evaluate the significance of comprehensive cost management and performance measurement for firms in the domestic and foreign markets.
Student's Workload
110 hours (including lectures, practices and independent working)
Prerequisites / Recommended Optional Courses
Analysing and developing a business, 9 op (KD07APYR105) & Basics of Financial Management, 2 op (KD07BLLA011)
Contents
- logic of cost accounting; responsibility center and product costing
- activity-based and job costing
- performance measurement systems, balanced scorecard
- strategic management accounting
- role and tasks of a controller
Recommended or Required Reading
- Järvenpää M., Länsiluoto A., Partanen V., Pellinen J. Talousohjaus ja kustannuslaskenta, WSOYpro. Luennoitsijan ilmoittamin osin.
- Länsiluoto A. Lecture handouts.
- Other material provided by the teacher
Mode of Delivery / Planned Learning Activities and Teaching Methods
- lectures and guided practices
- independent work
Assessment Criteria
Excellent 5
Student is able to implement performance measurement and costing methods for different purposes at an excellent level. Student is able to implement different costing methods for different purposes in strategic and operative management at an excellent level.
Good 4-3
Student is able to implement performance measurement and costing methods for different purposes at a good level. Student is able to implement different costing methods for different purposes in strategic and operative management at a good level.
Satisfactory 2-1
Student is able to implement performance measurement and costing methods for different purposes at a satisfactory level. Student is able to implement different costing methods for different purposes in strategic and operative management.
Assessment Methods
The criteria are agreed upon at the beginning of the course.
Work Placement
Work placement is not included in the course.
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