Opintojaksohaku

Description


KB00DN14 Profitability and Budgeting (5 cr)
Prerequisites Not applicable
Objectives The aim of the course is to develop student?s ability to use management and financail accounting information for decision making, planning and controlling and monitoring business activities. After studying some financial techniques, the student is able to understand the business perfoamances from the real-world cases. The student knows basic principles of profitability and can utilize information on profitability supporting decision making. The student understands the importance of budgeting in planning business operations and can prepare the key budgets. Student is able to use Excel spreadsheet software.
Content 1) Analyzing financial statements and accounting ratios.
2) The role of management accounting in decision making: Cost-Volume-Profit analysis.
3) Pricing.
4) Budget system, partial and main budgets, methods of budgeting, budget monitoring.
5) Use of Excel spreadsheet software.
Recommended optional programme components If necessary, the student advisor will recommend optional programme components for each student based on their individual study plan.
Accomplishment methods Not applicable
Execution methods Not applicable
Materials Not applicable
Literature Not applicable
Evaluation Criteria Not applicable
Evaluation Criteria satisfactory (1-2)
The student knows the basic elements and information in the fiancial statements of a compamy; he/she knows the basic role of management accounting in decision making; he/she knows CVP analysys; he/she know the pricing strategy; he/she knows the concept of profitability and the role of budgets in business planning; he/she knows how to use excel for basic calcualtion.

good (3-4)
The student is able to use basic techniques to concuct a financial analysis to evaluate the business perfoance; he/she is able to conduct a baic CVP analysis for decision-making in production/sales; he/she can outline a basic pricing strategy; he/she knows the concept of profitability well and is able to set up key budgets in business planning and monitor the differences between planned and actual; he/she knows how to use excel for accounting calcualtion.

excellent (5)
The student is able to usesufficient techniques to concuct a financial analysis to evaluate the business perfoance, to identify the factors of sucess and failure; he/she is able to conduct a CVP analysis for decision-making in production/sales; he/she can apply the knowledge to set up a well-analysed pricing strategy; he/she understand the concept of profitability well and is able to set up key budgets in business planning and monitor the differences between planned and actual; he/she knows how to use excel for accounting calcualtion professionally.
Assessment Frameworks Not applicable
Further Information Not applicable
Responsible persons Not applicable
Links Not applicable

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9.5.2024 18:53:24