Strategic Management Accounting (3 cr)

Evaluation scale

1-5

Objective

Students can produce management accounting information for operative and strategic decision making. Students are able to apply the key concepts of the course also in English. They can evaluate the significance of comprehensive performance measurement for firms in the domestic and foreign markets. Students can notify stakeholders and their impact on performance measurement and financial reporting. Students know how strategy and risk management affect performance measurement and strategic management accounting systems.

Content

- role and tasks of controller in an organization
- definition and methods of strategic management accounting
- performance measurement systems, such as balanced scorecards (BSC)
- special features of performance measurement systems (i.e. effect of contingency variables)
- financial management in profit, revenue and cost centers
- strategy and risk management
- reading and reviewing a journal article concerning strategic management accounting

Materials

Järvenpää M., Länsiluoto A., Partanen V., Pellinen J. Talousohjaus ja kustannuslaskenta, WSOYpro. Luennoitsijan ilmoittamin osin.

Teaching methods

Lectures and exercises

Student workload

Lectures and exercises 24 h
Independent work 57 h

Assessment criteria, satisfactory (1)

Student can complete the targets of the course at a satisfactory level. Student is able to implement performance measurement system and other strategic management accounting techniques for different purposes at a satisfactory level. Student can notify how different stakeholders and strategies affect performance measurement and strategic management accounting at a satisfactory level.

Assessment criteria, good (3)

Student can complete the targets of the course at a good level. Student is able to implement performance measurement system and other strategic management accounting techniques for different purposes at a good level. Student can notify how different stakeholders and strategies affect performance measurement and strategic management accounting at a good level.

Assessment criteria, excellent (5)

Student can complete the targets of the course at an excellent level. Student is able to implement performance measurement system and other strategic management accounting techniques for different purposes at an excellent level. Student can notify how different stakeholders and strategies affect performance measurement and strategic management accounting at an excellent level.

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, 4 cr

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