Course syllabus

TEK482 Management accounting lp2 HT23 (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

This year will lectures and several exercises be recorded. The lectures at campus will be used for consultations, presentations and to conduct parts of the project.

Monday, October 30, 10:15 to 12:00, Svea 119: Course introduction

Following Mondays will be used for consultations via Zoom (Zoom room: https://chalmers.zoom.us/j/65468006934, Password: TEK482).
If you want a specific focus/explanation of topics in the course (or troublesome exercises), you need to contact the course teacher Wednesday morning the week before, to give a fair chance for the teacher to prepare a presentation (Canvas message or direct contact, no later than 10 am).

Wednesdays will (commonly) mean compulsory attendance and will be used for presenting prepared tasks and discuss them. This will be the project in the course this year.  Students are required to prepare material and to be prepared to present the results of their preparation to their fellow students as well as work with cases during this time. All tasks needs to be fulfilled. Students can miss attendance on two Wednesdays, but will then need to complete completions instead. Which Wednesdays that is not compulsory will be presented at the start of the course.

TimeEdit

Course literature

Main Book: (Available as electronic resource at Chalmers library) 

Title:        Introduction to Management Accounting Global Edition, 16/E

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 with projects and problemsolving at campus one day per week. The core learning activities in the course consists of

• recorded lectures that introduces topics,
• recorded exercises
• student preparations and presentations/discussions
• conducting a project (partly on campus during lectures, partly as preparations outside lecture hours)
• consultations via Zoom.

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, (1) preparations and presentations, (2) a case (budgeting) and (3) evaluating a investment opportunity regarding photovoltaic system. The project is conducted in groups of 2 students and the results are to be presented and handed in as excel+word/power-point-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 recordings, 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.

Student representatives

MPMAR: Anisa Ayu Sophia Dewi (sophiadewi12@gmail.com) 
MPIEE: Chandrashekar Goud Gundrathi (gundrathichandu1998@gmail.com)
MPMAR: Nis Hamer (nis.hamer@gmx.de)
Exchange: Moritz Mickelat (moritz.mickelat@gmail.com)
MPMAR: Filip von Frenckell (filipvf@hotmail.com)

Changes made since the last occasion

1) The main litterature are changed to be available as at electronic sources

2) The project is changed to deal with positiv and negative sides of AI

3) Lectures and exercises are recorded to make them more accessible

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

If the course is a joint course (Chalmers and Göteborgs Universitet) you should link to both syllabus (Chalmers and Göteborgs Universitet).

Examination form

The examination consists of an individual written  exam (digital in Inspera, see this link ), and a compulsory project consisting of preparations, presentations and solving tasks (+ hand-ins).

Dates for exams (on campus!)

• January 10, 2024, 2pm to 6pm
• Re-exam at April 4, 2024, 2pm to 6pm

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.