Course syllabus

Course-PM

TEK482 TEK482 Management accounting lp2 HT22 (7.5 hp)

Course is offered by the department of Technology Management and Economics

Contact details

• Examiner:
  Kaj Suneson,  e-mail: suneson@chalmers.se, Phone: 031-7725776
• Lecturers and teachers:
  Same as above

 

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

 

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. The core learning activities in the course consists of lectures that introduces topics, exercises based on the theoretical content and conducting a project.

Lectures is considered to introduce topics and students are expected to deepen, 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 three parts. Each part is connected to a corresponding part of the course content. The project is conducted in groups of 4 students and the results are to be handed in as files that explains solutions and show calculations to reach the solutions.

Canvas will be used as the main communication platform and students are expected to regularly check announcements on the platform.
The course site contains modules where material as handouts and instructions will be published. Commonly there will be a module connected to each study week but also some other modules, like one for the project.

Changes made since the last occasion

The project is re-designed.

Lectures and most exercises will contain a mix of theory and exercises.

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.

Link to the syllabus on Studieportalen.

Study plan

Examination form

The examination consists of an individual written  exam (digital in Inspera, see this link) and a compulsory projekt consisting of three hand-ins. The exam takes place at January 11, 2pm to 6pm (re-exam at April 4).

Aid at exams: Only a calculator that is 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 offered 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 at the next course occasion.

The project

Three parts summarizes the content in the project:

1. Completing a case about compiling a budget
2. Perform an investment calculation, including decision about some settings.
3. Analyze an annual report from a company, connected to the maritime area in a broad sense.

Each of these is to be reported as a hand-in on Canvas

The project is conducted in groups of four students.

More information will be provided in the second study week.

Student representatives

William Alexandersson - wilale@student.chalmers.se (MPMAR)
Laura Karina Enciso Lopez - lauraka@student.chalmers.se (EMTSE)
Safwan Jabraouti - s.sweden2014@gmail.com (MPMEI)
Andreas Peters - andreas.s.peters@outlook.com (MPMAR)
Yun Sun - sun.yun99@hotmail.com (MPMAR)