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International Management Accounting

International Management Accounting

Code: ACC3LF001
Extent: 6 ECTS (162 h)
Timing: Semester 5 - 7
Language: English
Level: Professional Specialization Studies
Type: Compulsory to those who have chosen ACC1LF Financial Management for Global Business as their specialisation.

Prerequisites

The student has successfully completed the GloBBA Basic and Joint Professional Studies. The course is part of the module of Financial Management for Global Business.

Learning outcomes

Upon successful completion of the course, the student

  • understands planning and controlling profitability at different levels of operations, and in different business fields
  • learns tools for refining a costing system
  • understands pricing methods, product mix, customer profiles and outsourcing decisions
  • learns  strategy implementation and Balances Scorecard metrics including customer perspective
  • develops skills in the area of HH3S competences
  • learns to cope with practical accounting problems in different  decision making situations using relevant information
  • develops working life relationships and improve communication skills in multicultural teams.

Course contents

  • Profitability analysis of operating performance through practical applications applied to different cost objects (ex. product, service, product line, customer, department, market area) and business volumes
  • Short-term business decisions and supporting computations
  • Job costing and Activity based costing and related cases
  • Pricing methods and practical applications
  • Strategy formulation and Balanced Scorecard implementation including performance measurements

The students will choose the company in their interest and determine the problem solving case from management accounting perspective.  The case should be useful for the company and the outcome will help management to do improvements concerning accounting practice in the future. The project work will be done in teams (3 - 4 students). The team will keep a project diary during the process.

Cooperation with the business community

Real business based examples and cases, guest speakers, company visits as appropriate.

International dimension

International and global business approach to course themes and topics, contributions by multinational student groups and company cooperation.

Teaching and learning methods

Contact lessons 76 h
Distance assignments and project work 114 h
The assessment of one’s own learning 1 h

Accreditation of prior learning

Accreditation of prior learning (APL) is observed on the course according to separate instructions.

Teacher with the main responsibility for the course

Jaana Melamies

Course materials

Braun, Tietz & Harrison. 2010. Managerial Accounting. 12th edition. Pearson.

Other material provided by the teacher

Assessment criteria

Grade/Learning outcomes

1 (Min. 40%
competence level)
3 (Min. 70% competence level) 5 (Min. 90%
competence level)
Knowledge The student knows accounting principles, key concepts and tools for planning and controlling profitability. The student understands accounting principles and how to use accounting tools for planning and controlling profitability. The student fully understands  advanced accounting theory and tools for planning and controlling profitability
at different levels of operations and in different business fields.
Skills The student knows how to use a certain accounting method in the given decision making situation. The student is mostly able to choose and use the right accounting method in different decision making situations. The student is fully capable to cope with practical accounting problems in different decision making situation when analytically using relevant information.
Competence The student is able to complete tasks with the help of a supervisor and team members. He/she participates in team meetings during the project work and attending the project presentations. The student shows some service and sales orientation as required by the HH3S policy. The student is mostly able to complete the tasks according to the agreed work plan and capable of actively working on a multicultural team.
He/she shows verbal communication skills in the presentations. The student shows well service and sales orientation as required by the HH3S policy.
The student communicates professionally with the tutor, project company and multicultural team members. He/she completes independently the tasks according to the agreed work plan. He/she shows a positive attitude and well verbal communication skills in the project presentations. The student shows excellently service and sales orientation as required by the HH3S policy.

Modes of assessment and their weights

Individual distance assignments 20%
Project report and presentation 40%
Exam 40%

The assessment of one's own learning does not influence the course grade. The assignment is the same for all courses/modules and the answers will also be used for course/module development. The assignment is completed on an E-form.