Financial Calculations (4 cr)

Evaluation scale

H-5

Objective

You are able make different calculations of management accounting. You understand basics of business bookkeeping and the content of the financial statements as well as principles of budgeting. Furthermore, you are able to connect business operations to a company's profitability, solvency and liquidity.

You will have an understanding of the role of accounting in a company, the basis of management accounting and the content of financial statements.

You are able to produce calculations for the purpose of comparisons and decision-making, read the information of financial statements, make managerial accounting and financial calculations and understand business operations and their connection with profitability.

Content

- Concepts of corporate calculations
- Financial calculations and corporate planning functions
- Management accounting
- Budgeting system and budgets
- What is management accounting?
- What is financial accounting?
- What do different cost terms mean?
- What is profitability?
- What is traditional product costing?
- What is the content of financial statements?

- The role of accounting
- Basic concepts of business economy and accounting
- Costs and profitability of a product and a service
- Basics of investment calculations
- Business bookkeeping and financial statements
- Decision making using economic calculations and basics of budgeting

Materials

Students will have study material in the Moodlerooms-platform during the course. Supplementary material: Horngren, C., Foster G. & Datar, S. M.: Cost Accounting - a managerial emphasis.

Teaching methods

Basics of accounting. Emphasis on cost accounting.
The student qets a basic understanding of Financial Statements and Financial Statement analysis.
Basics of taxation are presented.
Basic processes of costing and pricing are handled on the course.
Basics of investment calculations are studied.

Student workload

Lectures and exercises 30 h, Self-study 74 h, Exam 3 h