Strategic Accounting for Management (5cr)

Objective

This course helps a student to know how management accounting can be used for strategic decision making. The student is able to evaluate the financial success in organizations and propose the key perspectives which could be improved. Student also realizes how accountant can be rather a business partner than number-cruncher. Student is capable to produce different information for decision making by applying the methods of strategic management accounting after this course.

Content

Key perspectives of financial success, activity-based costing, performance measurement systems (balanced scorecard), life-cycle costing, quality costing and target costing.

Qualifications

No previous studies are required.

Assessment criteria, satisfactory (1)

Excellent (5): The student has carried out work to an excellent standard and participated actively and constructively. Student has shown in the course ability to comprehend the concepts of the course and apply the concepts in practical business cases: Student has been able to develop creative solutions in the assignment of the course. Good (4-3): The student has carried out work very well and participated actively and constructively. Student has shown in the course ability to comprehend the concepts of the course and apply the concepts in practical business cases: Student has been able to develop solutions for the case company in the assignment of the course. Satisfactory (2-1): The student has participated actively in the course. Student has shown in the course ability to comprehend the basic concepts of the course: Student has been able to use the basic concepts of the course in the case company?s assignment.

Materials

Book for the course:
? Järvenpää M., Länsiluoto A., Partanen V. ja Pellinen J. (2013) Talousohjaus ja kustannuslaskenta, WSOYpro, ISBN 978-951-0-35813-9.

Articles
? Cadez S., Guilding C. (2012),"Strategy, strategic management accounting and performance: a configurational analysis", Industrial Management & Data Systems, Vol. 112:3, pp. 484-501.
? Zengin, Y., Ada, E. (2010), ?Cost management through product design: target costing approach?, International Journal of Production Research, Vol. 48:19, pp. 5593-5611.
? Jafari, A. and Love, P.E.D. (2013) ?Quality Costs in Construction: Case of Qom Monorail Project in Iran?, Journal of Construction Engineering & Management, Vol. 139:9, pp. 1244-124.
? Länsiluoto A., Järvenpää M. ja Krumwiede K. (2013) ?Conflicting interests but filtered key targets: Stakeholder and resource-dependency analyses at a University of Applied Sciences?, Management Accounting Research, Vol. 24 No. 3, pp. 228-245.
? Länsiluoto A. ja Järvenpää M. (2006) ?Elinkaarilaskennalla tuotekustannukset hallintaan?, Tilisanomat, Nro. 1, pp. 40-43.

Another course material
? Kurssin aikana määriteltävä kirjallisuus. A specified literature during the course.

Teaching methods

Contact hours, cases in classes, group assignment for the case organization