Study Guide

Objective

The student knows the basics of management accounting, its tasks, and its various uses in the company. The student is able to take advantage of e.g. margin analysis in examining a company’s profitability. The student is able to make basic calculations related to corporate finance.

Content

- margin analysis
- budgeting process, budget planning, monitoring
- drawing up budgets in practice
- cost accounting system, cost type, cost center, and performance-based accounting
- division, addition, and function calculation
- financial planning and investments

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

The student is able to define the basic concepts related to margin analysis, budgeting, and cost accounting. The student completes the given tasks. The student is able to prepare a profit, balance sheet, and financial budget. The student is able to prepare a cost type, place, and performance-based calculation.

Assessment criteria, good (3)

The student performs well in the given tasks and performance requirements. The student is able to use profit margin analysis in evaluating and planning the profitability of a company. The student is able to prepare a profit, balance sheet, and financial budget as well as various sub-budgets, such as a sales budget. The student is able to prepare a cost type, place, and performance-based calculation well.

Assessment criteria, excellent (5)

The student performs commendably the given tasks and performance requirements. The student is able to apply margin analysis in a variety of ways in assessing and planning the company's profitability. The student is able to prepare a commendable profit, balance sheet, and financial budget as well as various sub-budgets, such as a sales budget. The student is able to prepare a commendable type of cost, place, and performance calculation. The student is able to interpret and select calculations to support the control of activities.