Managerial Accounting, 7.5 Credits

Contents

This course introduces basic knowledge of the central concepts in management accounting. Students will gain an understanding of how the goals of the firm and its strategies, systems of control and interpersonal relationships, and decision-making activities are incorporated into management accounting actions. 

The course will provide students with practical experience in budgeting, costing and cost allocation. Different management accounting tools will be applied in a problem-based case, such as the traditional costing system, activity-based-costing system, the balanced scorecard and sustainability accounting methods.

Expected learning outcomes

Students must be able to
Knowledge and understanding:

• explain the link between strategy and financial and non-financial goals.
• discuss control methods for performance measures and sustainability accounting.

Skills and ability 

• execute and interpret product costing and cost allocation.
• prepare and analyse a budget. 
• use software programs to calculate budgets and product costing.  
• communicate central concepts for the course in English, both orally and in writing.

Judgement and approach 

• compare and reflect on traditional accounting and sustainability accounting techniques.
• identify and discuss self-leadership skills towards professional ethics.

Required Knowledge

Two of the following courses completed within the International Business and Economics program: "International Business Administration and Global Challenges, 7,5 hp", "Leading and Organizing in an International Context 7,5 hp", "Contemporary Marketing 7,5 hp" and "Finance 7,5 hp", or equivalent.

Form of instruction

Learning is supported by lectures, group exercises and individual reflections. The students will practically apply theoretical knowledge from lectures, literature, and workshops where they solve a problem case with the help of a software program. Students that do not have a laptop will be offered access to a computer.

Examination modes

The examination is through written individual and group assignments as well as a written individual hall exam. 

The following grading system is used:
Pass with distinction (Väl godkänd, VG, 75% or more), Pass (Godkänd, G, 50% or more), and Fail (Underkänd U, less than 50%).
 
Grades on the course are awarded when the student has passed all examinations.

A student who does not pass the first examination will be offered an opportunity to sit a re- examination within two months. An additional examination opportunity is normally offered every academic year, one week prior to the start of the autumn term. If required by specific circumstances, other form of examination can be used. 

A student that has failed an examination on two occasions has a right to have another examiner or grading teacher appointed, unless there are special reasons against it. A written request addressed to the Director of Studies should be made no later than 14 days before the next examination opportunity. 

Adaptations 
Examiners may decide to deviate from the modes of assessment in the course syllabus. Individual adaptation of modes of assessment must give due consideration to the student's needs. The adaptation of modes of assessment must remain within the framework of the intended learning outcomes in the course syllabus. Students who require an adapted examination - and have received a decision on the right to support from the coordinator at the Student Services Office for students with disabilities - must submit a request to the department holding the course no later than 10 days before the examination. The examiner decides on the adaptation of the examination, after which the student will be notified. 

Academic integrity and cheating 
As a student, you are expected to act with academic integrity. This means writing and presenting within the limits of the academic rules and expectations communicated in the university's regulations and what is otherwise specified by the responsible department. Disciplinary action may be taken against students who use unauthorized help aids or in some other way try to mislead on a test or on another type of task for examination. Rules and regulations concerning the production of academic texts and correct referencing will be applicable to written assignments. Submitted material may be subject to plagiarism control. In addition, Umeå University rules and regulations for education and research apply.

Other regulations

Academic credit transfers are according to the university credit transfer regulations.