Strategic Management Accounting, 5 cr (Master´s level)

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    13.04.2018 - 25.05.2018
Last enrolment date
    Rajakatu 35, contact lessons
    Students are able to use methods of financial analysis and reporting.
    The purpose of this course is to enhance students’ knowledge, understanding and intellectual, and practical skills about how managers place the accounting data in conjunction with the overall business strategy and decision making. Students enrich their theoretical and conceptual knowledge in order to identify and analyze business problems through accounting and financial perspectives. Similarly, students select, analyze, and evaluate raw business data and information and then draw inferences in terms of those actions which can bear impact on strategy and decision making of corporates. Students record, present and interpret financial/accounting data in such a manner that the users of financial accounting statements can know about the real financial health of corporates. The true, objective and unbiased financial information also help managers to plan and revise their business strategies, policy formulation and planning process. Students also understand different management accounting functions and learn to apply diverse management accounting techniques, methods and tools in different business situations. Students are able to evaluate firm performance in the light of conventional and non-conventional accounting/financial measures such as Economic Value Added (EVA), Balanced Scorecard (BSC) and Lean Accounting. Students also learn budgeting and cost accounting techniques in order to implement relevant control benchmarks. Students also learn various risk management techniques too.
    Accounting process and rationale, accounting analysis of quality of financial reporting, financial statements and ratio analysis, economic value added (EVA), balanced scorecard, lean accounting, budgeting, costs accounting aspects and corporate controls.
    Combined face-to-face and distance learning. Contact lesson approximately two times/month (2 x 2 days), Friday from 2 pm to 4 pm and Saturday from 9 am to 4 pm.
Students will use OPTIMA learning environment for materials and assignments.
    Proctor, Ray: Managerial Accounting for Business Decisions. Prentice Hall 2009, Third Edition. Part 5.
    75 €
Further Information
    Soile Korhonen
Education secretary

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