Strategic Management Accounting (3cr)

Objective

The student is able to produce management accounting information to support strategic and operational decision-making. The student can also use the key concepts of the course content in English and evaluate the significance of performance measurement for companies operating in both domestic and international markets, as well as for their potential profit centers. The student is able to consider the effects of different stakeholders on the company’s performance measurement and financial reporting. The student knows the basic concepts of strategy and risk management and can link them to the company’s performance measurement and to the methods of strategic management accounting.

Content

- role and tasks of the controller in an organization
- definition and methods of strategic management accounting
- performance measurement systems, such as balanced scorecards (BSC)
- the impact of strategy and risk management on performance measurement
- reading and reviewing a journal article concerning strategic management accounting

Qualifications

Cost Accounting and -Management, 3 cr, Budjeting as a Management Tool, 4 cr, Analysing and developing a business, 7 cr & Financial Management of an Enterprise, 3 cr

As part of the course, the student must attend the financial administration case clinic in the autumn semester.

Assessment criteria, satisfactory (1)

The student recognizes the methods of strategic management accounting. The student is able to take stakeholders and strategy into account as factors influencing performance measurement and strategic management accounting.

Assessment criteria, good (3)

The student is able to create a performance measurement system and apply other strategic management accounting methods. The student is capable of thoroughly taking stakeholders and strategy into account as factors influencing performance measurement and strategic management accounting.

Assessment criteria, excellent (5)

The student is able to create an excellent performance measurement system and apply other strategic management accounting methods at a high level. The student is able to consider stakeholders and strategy excellently as factors influencing performance measurement and strategic management accounting.

Materials

- Järvenpää M., Länsiluoto A., Partanen V., Pellinen J. Talousohjaus ja kustannuslaskenta, WSOYpro. Specified chapters.
- Länsiluoto A. Lecture and practice handouts.
- Additional material provided by a lecturer.
- Additional material searched by students (e.g. journal article)