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
valid for whole curriculum period:
Prerequisites
valid for whole curriculum period:
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 IIEnrollment :
Registration for courses: in Sisu.