Subject 'Management Accounting'

Year:   2015/2016    2016/2017    2017/2018    2018/2019    2019/2020    

Management accounting history. Information for making decisions. Possibilities to collect management information. Information in ERP. Possibilities to process information.

Revenue information. Revenue analysis.Turnover. Sales margin. Gross margin. Gross profit. Rentability. Profit margin on sales. Asset turnover ratio. Rate of return on assets. Return on equity. Return on investments. Revenue centre.

Cost information. Cost analysis. Responsibility centre. Responsibility accounting. Investment centre. Profit centre. Cost centre. Break-even analysis. Job order costing. Process costing. Activity based costing. Supplier cost. Customer cost. Supply chain cost.

Productivity indicators in logistics. Productivity analysis. Efficiency indicators in logistics. Efficiency analysis. Collection and usage of quality information. Quality and service level indicators in logistics. Relation between cost and quality. Quality analysis.

Relation between cost and time. Lead time. Lead time analysis. Standard time. Cost-time profile. Collecting information regarding risks. Business risks.Operation risks. Risk analysis. Using results of risk analysis to make risk decisions.

The goal of the course is to provide students possibilities to make management decisions.

The student knows
• necessary financial indicators and is able to make management decisions according to the situation
• necessary logistics quality and service level indicators and is able to make suitable decisions for quality management
• logistics productivity and efficiency indicators and is able to act according to the situation for increasing operations’efficiency
• risk management principles, and is able to analyse business and operation risks in logistics and to make right decisisons accordingly to the situation

2020: TK*  TK*  

2019: TK*  TK*  TL*  TT*  

2018: TK*  TK*  TL*  TT*  

2017: TK*  TL*  

2016: TK*  TL  

2015: TL  

2014: TL  

2013: TL  

* Optional subject