Course syllabus for Financial and management accounting

Course syllabus adopted 2021-02-16 by Head of Programme (or corresponding).

Overview

  • Swedish nameEkonomi- och verksamhetsstyrning
  • CodeLBT432
  • Credits7.5 Credits
  • OwnerMPDCM
  • Education cycleSecond-cycle
  • Main field of studyIndustrial Engineering and Management, Civil and Environmental Engineering
  • DepartmentARCHITECTURE AND CIVIL ENGINEERING
  • GradingTH - Pass with distinction (5), Pass with credit (4), Pass (3), Fail

Course round 1

  • Teaching language English
  • Application code 88117
  • Maximum participants75
  • Open for exchange studentsNo
  • Only students with the course round in the programme overview.

Credit distribution

0120 Project 1.5 c
Grading: UG		 1.5 c
0220 Project 1.5 c
Grading: UG		 1.5 c
0320 Examination 4.5 c
Grading: TH		 4.5 c
  • 13 Jan 2022 am J
  • 11 Apr 2022 am J
  • 25 Aug 2022 pm J

In programmes

Examiner

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Eligibility

General entry requirements for Master's level (second cycle)
Applicants enrolled in a programme at Chalmers where the course is included in the study programme are exempted from fulfilling the requirements above.

Specific entry requirements

English 6 (or by other approved means with the equivalent proficiency level)
Applicants enrolled in a programme at Chalmers where the course is included in the study programme are exempted from fulfilling the requirements above.

Course specific prerequisites

Only for students admitted to Chalmers Master's programme in Design and Construction Project Management.

Aim

The aim of the course is to give students a good understanding of the most common techniques for financial and management accounting. The student shall have the ability to participate in a professional way in financial and management accounting and in the financial control of a company.

Learning outcomes (after completion of the course the student should be able to)

  • Understand how central issues in financial accounting and management accounting are related to the management of projects and project based organizations
  • Understand the purpose of management control systems and illustrate how management control is implemented
  • Explain the differences between financial accounting and management accounting
  • Evaluate the relation between the income statement, balance sheet and statement of cash flows
  • Evaluate key-ratios and understand how they can be calculated
  • Develop how strategies can be implemented by means of traditional and modern management accounting tools
  • Judge and explain the processes in which projects are selected financed
  • Judge and prepare costs and  budgets and apply earned value analysis

Content

Financial and Management Accounting is a general concept covering many aspects of what takes place in organizations, projects, networks etc. The concept covers most activities that are related to coordinating financial resources and efforts for the purpose of accomplishing a goal. The course content includes:
  • Financial and management accounting in decisions concerning resource allocation and performance evaluation product costing and cost control.
  • Management control
  • Investments and investment calculations
  • Financing
  • Income statement, balance sheet and cash flow
  • Financial targets and ratios
  • Cost allocation
  • Preparation of budgets
  • Earned Value Analysis

Organisation

The course will be delivered through a mixture of lectures, exercises, seminars and interactive workshops. Lectures will be to used provide information on the different topics in the course. Lectures will also include case exercises accomplished in smaller groups. The case exercises should contribute to a deeper understanding of topics discussed in lectures. Exercises, seminars and workshops will focus on deepening students understanding by the application of methods and techniques discussed in lectures.

Literature

Accounting for Business, 3ed by Peter Scott, Oxford university press

Examination including compulsory elements

  • A compulsory workshop including a fully referenced report, 1,5 HP. Assessment: Passed or Fail
  • A case report and active participation in the case presentation seminar,1,5 HP. Assessment: Passed or Fail 
  • A written exam, 4,5 HP: Encompass 100% of the final grade.

The course examiner may assess individual students in other ways than what is stated above if there are special reasons for doing so, for example if a student has a decision from Chalmers on educational support due to disability.