ABL-E1200 - Managing Uncertainty Through Cost Accounting and Financial Planning, Lecture, 25.10.2023-5.12.2023

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Please note! Course description is confirmed for two academic years, which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.

LEARNING OUTCOMES

After successfully completing the course, students are able to: 

1) Evaluate the opportunities and challenges associated with different cost accounting systems in their business context

2) Evaluate the opportunities and challenges associated with different financial planning methodologies in their business context

3) Design scenario analyses and derive financial plans based on those for businesses in a variety of contexts 

4) Integrate entrepreneurial soft-skills like creativity and self-reflection to business problems

Credits: 6

Schedule: 25.10.2023 - 05.12.2023

Teacher in charge (valid for whole curriculum period):

Teacher in charge (applies in this implementation): David Derichs

Contact information for the course (applies in this implementation):

CEFR level (valid for whole curriculum period):

Language of instruction and studies (applies in this implementation):

Teaching language: English. Languages of study attainment: English

CONTENT, ASSESSMENT AND WORKLOAD

Content

  • valid for whole curriculum period:

    The objective of this course is to develop cost accounting and financial planning systems design skills.

    The first part of the course explores various cost accounting system design alternatives. We discuss the use, applicability, and implications of various overhead allocation methods in different business set-ups to find the sources of profitability.

    The second part takes a close look at financial planning and forecasting. We explore the design, use, and implications of financial planning tools in contemporary organizations.

    The course applies theory through extensive case studies. The financial planning part of the course benefits from deep collaboration with Olarin Panimo (one of the on-campus breweries).

Assessment Methods and Criteria

  • valid for whole curriculum period:

    1. Lectures, reflection journals, participation activity and case reports (60% of the marking)

    2. Final exam (40% of the marking)

    Learning is based on case discussions, readings, short introductory lectures, guest lectures and reflection journals. Lectures will not cover all the content of the course readings, but will provide additional insights and practical applications on topics covered.

Workload

  • valid for whole curriculum period:

    - Lectures 18 h

    - Exercises/group work 74 h

    - Reflection Journals 12 h

    - Independent study 56,5 h

    - Exam 1,5 h

    TOTAL=162 h

DETAILS

Substitutes for Courses
Prerequisites
SDG: Sustainable Development Goals

    8 Decent Work and Economic Growth

    9 Industry, Innovation and Infrastructure

FURTHER INFORMATION

Further Information

  • valid for whole curriculum period:

    Teaching Language : English

    Teaching Period : 2022-2023 Spring IV
    2023-2024 Autumn II

    Enrollment :

    Registration for courses: in Sisu.

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