Course syllabus

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Course-PM

TEK482 Management accounting lp2 HT20 (7.5 hp)

Course is offered by the department of Technology Management and Economics

Contact details

Course purpose

The aim of the course is that students are to attain a basic understanding about economic relationships and commonly used economic decision material in industrial settings. After an approved grade on the course, the student should be able to actively participate in decision-making processes in companies. The students in their future profession should be able to understand and critically examine the content of economic reports, be able to produce decision-making material, based on economic information and actively participate in producing budgets.

Focus lies on companies internal perspective.

Schedule

See below

TimeEdit

Course literature

Book 1:

Title: Management Accounting, 6/E (Preferably the electronic version with access to "Connect")

Author:  Seal, Will; Rodhe, Carsten; Garrison, Ray H. & Noreen, Eric W.

Book 2: (Chapters 15-17, electronic resource at Chalmers library) 

Title:        Introduction to Management Accounting Global Edition, 16/E (Electronic resource at Chalmers library)

Author:   Charles T. Horngren, Stanford University,
                 Gary L. Sundem, University of Washington,
                 William O. Stratton, Pepperdine University,
                 Dave Burgstahler & Jeff O. Schatzberg

Other

A few articles may be added during the course and is part of the literature to the exam and other parts of the examination.

Course design

This year, the course will be conducted entirely in a digital format. We will not have any physical meetings. The core learning activities in the course consists of a number of lectures that will be prerecorded. The time and date in the schedule states when you can expect each lecture to be uploaded and available. There will be some exercises, covering different areas as well. Some of these will be in a Zoom format and some as prerecorded examples of problem solving. 

The lectures will introduce topics and the students are expected to apply and fortify the knowledge in studying literature and working with exercises.

During the course a project shall be performed. The project consists of four parts, connected to a corresponding part of the course content. The project is conducted in pairs and contains four short hand-ins and four quizzez.
The purpose of the project is for students to connect real life examples to the theoretical material as well as to exercise calculations as a preparation to the final exam. 

During the course Canvas will be used as the main communication platform and if possible McGraw-Hill Connect will be used for material etc.
In Canvas will modules representing each week of the course be established, where recordings and material connected to that week is found. Some other modules, like one for the project, will also be present.

Changes made since the last occasion

The main change for this year is the conversion to a digital format. This is solely depentent on the situation dependent on the pandemy and is not to become a normal setup for the course.

Learning objectives and syllabus

Learning objectives:

  • Explain and paraphrase basic concepts and terminology in management and financial accounting.
  • Use, explain and interpret the content in common economic reports within companies in general and the shipping business in particular.
  • Describe and separate different kinds of economic accounting methods and to modify and calculate the outcome with the use of such methods.
  • Detecting the role of budgets in overall organization plans.
  • Develop budgeted financial statements.
  • Explain why ethical issues arise in budgeting.
  • Design, modify and calculate performance measurements
  • Judge investment alternatives by finding and organizing relevant information, carry out relevant investment calculations.
  • Monitor alternatives concerning financing investment projects in general and within shipping business in particular.

Link to the syllabus on Studieportalen.

Study plan

Examination form

The examination consists of an individual written (digital) exam at January 13 pm, a compulsory projekt.

To reach a final approved grade, each part must be at least approved. The final grade is decided based on the result on the written exam.

Grades on the exam:
Grade 3: 50% or more of maximum points on the exam
Grade 4: 65% or more of maximum points on the exam
Grade 5: 80% or more of maximum points on the exam

Alternative forms of examination might be used in special cases.
All material presented/used during the course is potential parts of the exam.

Exams are normally available three times per year.

Unfinished or late hand-ins / quizzez projects is given one opportunity to be completed and then has to be done the following year.

Course summary:

Date Details Due