Swedish name: Management Accounting A
This syllabus is valid: 2011-08-29 valid to 2012-08-26 (newer version of the syllabus exists)
Syllabus for courses starting after 2022-08-01
Syllabus for courses starting between 2018-08-20 and 2022-07-31
Syllabus for courses starting between 2017-08-21 and 2018-08-19
Syllabus for courses starting between 2016-08-29 and 2017-08-20
Syllabus for courses starting between 2015-08-17 and 2016-08-28
Syllabus for courses starting between 2014-08-18 and 2015-08-16
Syllabus for courses starting between 2013-08-26 and 2014-08-17
Syllabus for courses starting between 2012-08-27 and 2013-08-25
Syllabus for courses starting between 2011-08-29 and 2012-08-26
Syllabus for courses starting between 2010-12-06 and 2011-08-28
Course code: 2FE031
Credit points: 7.5
Education level: First cycle
Main Field of Study and progress level:
Business Administration: First cycle, has only upper-secondary level entry requirements
Grading scale: Three-grade scale
Responsible department: Business Administration
This course is intended to introduce participants to the fundamental concepts of management accounting. An emphasis is put on the creation of an understanding of management accounting as a link between the companys visions, business idea and strategies, and the companys planning-, control- and decision making activities on the strategic, tactical and operational level. To achieve this understanding participants will work with basic models of budgeting and cost allocation these provide an input for planning-, control- and decision making activities. In order to form the basic foundation for a thorough understanding of a companys budget system and cost allocation, the concepts of costs and profit will first be discussed. When the budget system is discussed, emphasizes will be put on: the roles of budgets; models for building budgets; the building and interrelation between budgets for income statement, balance sheet and cash flow budgets as a tool for a companys planning and decision making. When cost allocation is discussed the principal issue of allocating a companys costs on different products and services is discussed. Models ranging from for full cost allocation to no cost allocation at all are discussed and evaluated with regard to how models can be used for pricing products and services, and as one input for making long and short term decisions regarding a companys product mix.
After completing this course, the student should be able to: describe how costs and revenues can be classified construct budgets and explain interrelations between budgets apply cost allocation for pricing decision and decision on product mixes analyse consequences for a company with regard to outputs of budgeting and cost allocations evaluate models for cost allocation enhance skills in oral and written presentation use Excel templates in order to generate information for decision making.
To enter the course general admission requirements are demanded (exemption is given for required courses in Swedish) as well as special requirements for the subjects mathematics and social science. The students should have mathematics corresponding to C-level at Swedish Gymnasium (approximately three years in upper secondary education) and social science corresponding to A-level at Swedish Gymnasium. Language: Proficiency in English equivalent to Swedish upper secondary course English B (IELTS (Academic) with a minimum overall score of 6.5 and no individual score below 5.5. TOEFL PBT (Paper-based Test) with a minimum score of 575 and a minimum TWE score of 4.5). TOEFL iBT (Internet-based Test) with a minimum score of 90 and a minimum score of 20 on the Writing Section). The course is only aimed for foreign exchange students studying at Umeå School of Business within formal exchange agreements.
All teaching will be in English. Lectures. Assigned chapters are to be read prior to lectures. Lectures on material related to and supplementing that in the text will be given. In lectures, concepts and models central for the topic will be presented and discussed. Participants will also be introduced to the practical application of budgeting and cost allocation. Lectures are a convenient way for students to have the fundamentals of the subject explained, to understand the priorities they should have in accessing the material and to have their interest in that material stimulated. Exercises. In exercises participants will train their skills in the practical solving of problems related to budgeting and cost allocation. Excel case. The aim of the excel case is to: Create an understanding of how management accounting models (like budgets and cost allocation models) can be used as an input when operative, tactical and strategic decisions should be made in a company. Create a deeper understanding for the connections between a companys different budgets and their relations to cost allocation models. Improve the hands on skills in using Excel when working with budgets and designing models for cost allocation.
Case: (25 % of course assessment). Written exam: (75 % of course assessment). All examination will be in English. The following grading system will be used: Pass with distinction (Väl godkänd, Vg, 75% or more), Pass (Godkänd, G, 50% or more) Fail (Underkänd, U, less than 50%). In order to pass the course, the student must complete all parts of the examination i.e. reach 50% of the points of each part. To receive the grade pass with distinction, the student must reach at least 75% of the total points on the course In case of failure on seminar participation or individual and group assignments, compensating assignments must be completed in accordance with instructions given on each occasion. Students who do not pass the written examination will be offered a re-examination opportunity within a month. Beyond that, additional opportunities to complete the written examination normally arise every academic year one-week prior to the start of the autumn term. When a student has failed an examination on two occasions, he or she has a right to have another grading teacher. A written request for an alternative examiner should be handed to the director of studies no later than two weeks before the next examination opportunity. Rules and regulations concerning the production of academic texts and correct referencing will be applicable to all written assignments. Lectures are normally not obligatory. However attendance is expected because the lectures are designed to facilitate students towards achieving course specific learning objectives. In addition lectures often provide insightful explanations of, and can supplement and provide contrast to, the course litterateur and other relevant course materials. Student who has passed an examination can not redo the examination to get a higher grading. Grades on the course are awarded when students have passed all examinations and compulsory course elements. ACADEMIC CREDIT TRANSFER. Academic credit transfers are according to the University credit transfer regulations.
The course is included in the International Business Program at Umeå School of Business. The course is also offered to exchange students within formal agreements.
The literature list is not available through the web. Please contact the faculty.