Course syllabus

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TEK482 Management accounting lp2 HT21 (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

Detailed schedule with connected litterature - see below

TimeEdit

Course literature

Book 1:

Title: Management Accounting, 6/E 

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

The course is campus based and no digital/recorded lectures is to be expected (unless new policies is decided by Chalmers centrally). The core learning activities in the course consists of a number of lectures, exercises and conducting a project to illustrate the use of methods in real life settings.

Lectures is considered to introduce topics and students are expected to apply and fortify the knowledge in studying literature and working with exercises. The course book contains numerous of exercises at the end of each chapter.

During the course a project shall be performed. The project consists of four parts. Each part is connected to a corresponding part of the course content. The project is conducted in pairs and contains four short hand-ins.
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. 

Canvas will be used as the main communication platform.
Modules representing a study week will be established. In these will material, as handouts and instructions, connected to the study week be found. Some other modules, like one for the project, will also be present.

Changes made since the last occasion

The course is conducted at campus. Approved quizzes during the course is not mandatory.

Learning objectives and syllabus

Learning objectives:

  • Explain and paraphrase basic concepts and terminology in management and financial accounting.
  • Use, explain and interpret 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.
  • Identify and discuss the role of budgets in organisations.
  • Develop budgeted financial statements.
  • Explain why ethical issues arises in budgeting.
  • Design, modify and calculate performance measurements
  • Judge investment alternatives by finding and compiling relevant information as well as perform capital budgeting.

Study plan

Examination form

The examination consists of an individual written (digital) exam and a compulsory projekt consisting of a few hand-ins. The exam takes place at January 12, 2pm to 6pm (re-exam at April 12).

Aid at exams: Calculator, centrally approved by Chalmers.

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, not approved or late hand-ins is given one opportunity to be completed. Failing that opportunity results in needing to perform a new project the next time that the course is given.

Course representatives

Course summary:

Date Details Due