Strategic Management Accounting
| Structure Type: | Course |
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| Code: | LTVATH601 |
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| Type: | Elective |
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| Level: | Bachelor |
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| Credits: | 3.0 points |
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| Responsible Teacher: | Länsiluoto, Aapo |
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| Language of Instruction: | Finnish |
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Course Implementations, Planned Year of Study and Semester
| Curriculum | Semester | Credits | Start of Semester | End of Semester |
| LITAKO-2015 |
2 spring |
3.0 |
2017-01-01 |
2017-07-31 |
| LITAKO-2016 |
2 spring |
3.0 |
2018-01-01 |
2018-07-31 |
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 performance measurement for firms in the domestic and foreign markets. Students can notify stakeholders and their impact on performance measurement and financial reporting. Students know how strategy and risk management affect performance measurement and strategic management accounting systems.
Student's Workload
80 hours (including lectures, practices, seminars and independent work)
Prerequisites / Recommended Optional Courses
Cost Accounting and -Management, 3 cr (LTVATH402), Budjeting as a Management Tool, 4 cr (LTVATH501), Analysing and developing a business, 7 cr (LTYP104) & Financial Management of an Enterprise, 4 cr (LTYA103)
Contents
- role and tasks of controller in an organization
- definition and methods of strategic management accounting
- performance measurement systems; such as balanced scorecards (BSC)
- special features of performance measurement systems (i.e. effect of contingency variables)
- financial management in profit, revenue and cost centers
- strategy and risk management
- reading and reviewing a journal article concerning strategic management accounting
Recommended or Required Reading
- Järvenpää M., Länsiluoto A., Partanen V., Pellinen J. Talousohjaus ja kustannuslaskenta, WSOYpro. Specified chapters.
- Länsiluoto A. Lecture and practice handouts.
- Additional material provided by a lecturer.
- Additional material searched by students (e.g. journal article)
Mode of Delivery / Planned Learning Activities and Teaching Methods
- lectures and guided practices
- independent work
Assessment Criteria
Excellent 5
Student can complete the targets of the course at an excellent level. Student is able to implement performance measurement system and other strategic management accounting techniques for different purposes at an excellent level. Student can notify how different stakeholders and strategies affect performance measurement and strategic management accounting at an excellent level.
Good 3-4
Student can complete the targets of the course at a good level. Student is able to implement performance measurement system and other strategic management accounting techniques for different purposes at a good level. Student can notify how different stakeholders and strategies affect performance measurement and strategic management accounting at a good level.
Satisfactory 1-2
Student can complete the targets of the course at a satisfactory level. Student is able to implement performance measurement system and other strategic management accounting techniques for different purposes at a satisfactory level. Student can notify how different stakeholders and strategies affect performance measurement and strategic management accounting at a satisfactory level.
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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