Management Accounting A, 7.5 Credits

Contents

Initially, this course introduces participants to the link between the company`s visions, “business idea” and strategies, and the company´s planning-, control- and decision making activities; further, basic knowledge of the central concepts in management accounting will be presented.
Then, the areas of budgeting, costing and cost allocation are developed. Connections are also made to alternative management tools such as the balanced scorecard. Cost allocation and costing are discussed in regard to different methods for allocating the company´s cost and for calculating the total costs of the company´s products and services. The methods treated are for example traditional costing system and activity based costing system. Further, it is discussed how different costing methods and cost allocation can be used in the pricing process and in the process of choosing the long- and short- term product mix.

Expected learning outcomes

After completing this course, the student should be able to:

• Explain the central concept in management accounting
• Explain the link between the company´s vision, “business idea” and strategies
• Accomplish product costing based on complete or partial cost allocation
• Accomplish different budgets for the company
• Use costing programs for product costing

Required Knowledge

To enter the course general admission requirements are demanded (exemption is given for required courses in Swedish) as well as special requirements for the subject’s 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.

Form of instruction

The course´s different parts will be treated through lectures, group exercises and supervision. The students will practically apply the theoretical knowledge from the lectures when they solve costing problems with the help of costing programs.

Examination modes

The examination is through a written exam and mandatory assignments. A passing grade is required for each part.

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%).

Students who fail to present a photo ID at the occasion of a written examination cannot have their results registered.

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 an alternative examiner. 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.

Student who has passed an examination can not redo the examination to get a higher grade.

In case of failure on seminar participation or individual and group assignments, compensating assignments must be completed in accordance with instructions given, no later than two weeks after the completion of the course.

Rules and regulations concerning the production of academic texts and correct referencing will be applicable to all written assignments. (see instructions in the Thesis manual. Thesis writing in Business Administration.) Urkund records may be used for control.

Lectures are normally not obligatory. However, lectures are designed to facilitate for students to achieve course specific learning objectives as lectures for example can provide insightful explanations of, and can supplement and provide contrast to, the course litterateur and other relevant course materials.

Grades on the course are awarded when students have passed all examinations and compulsory course elements. 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.

Academic credit transfer
Academic credit transfers are according to the University credit transfer regulations.

Other regulations

The course is included in the International Business Program at Umeå School of Business and Economics. The course is also offered to exchange students within formal exchange agreements.