Course syllabus

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Course-PM

TEK481 Management accounting lp2 HT19 (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 the company internal perspective.

Schedule

See separate document in modules.

TimeEdit

Course literature

Book 1:

Title:        Management Accounting, 6/E (Ordered to Cremona)

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 core learning activities in the course consists of a number of lectures and exercises, covering different areas.

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

A project is to be performed during the course, conducted in pairs. The main purpose of the project is for the students to connect real examples of the theoretical relationships, presented in the course and to stimulate earlier studies of the material.

Changes made since the last occasion

A new book with a connected learning platform is introduced.

A project is introduced with the aim to support earlier studies and to increase reflection about real life connections.

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 15 pm, a compulsory projekt and potential compulsory assignments/tasks.

To reach a final approved grade, each part must be at least approved. The final grade is decided as a weighted grade between the result on the written exam and the result of the project.

Grades on the exam:
Grade 3: 20 points or more
Grade 4: 26 points or more
Grade 5: 32 points or more

Grades on the project:
Grade 3: 5 points or more
Grade 4: 6.5 points or more
Grade 5: 8 points or more

Final grades on the course:
Grade 3: In total 25 points or more of which 5 or more from the project and 20 or more from the individual exam.
Grade 4: In total 32.5 points or more of which 5 or more from the project and 20 or more from the individual exam.
Grade 5: In total 40 points or more of which 5 or more from the project and 20 or more from the individual exam.

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

Student representatives

Course summary:

Date Details Due