BE-110 Management Accounting 1
- ECTS Credits:
- 7.5
- Responsible department:
- School of Business and Law
- Course Leader:
- Steinar Egge
- Lecture Semester:
- Spring
- Teaching language:
- Norwegian
- Duration:
- 1 term
The course is connected to the following study programs
- Bachelor's Programme in Marketing and Management
- Bachelor's Programme in Business Administration
- Master's Programme in Business Administration (5 years)
Teaching language
NorwegianRecommended prerequisites
BE-111 Financial Accounting 1 or similar.
Course contents
The purpose of the course is to give a broad introduction to corporate management and more specifically the role of management accounting in firms including tools for planning, monitoring and control. The course can be described in two parts. The first is cost- and income analysis and includes models for cost, revenues, profits, market conditions and product choices. The second part covers different methods for calculations of product costs, and managerial budgeting, accounting and control.Included in the course will also be the firms obligations to society and different sustainability goals.
Learning outcomes
Upon successful completion of this course students should be able to demonstrate knowledge of:
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the concepts of cost and revenue, how they vary, and how to determine cost and profit optimization.
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different perspectives on pricing depending on different market conditions.
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how to analyze costs, profits and volume (CVP analysis), and be able to decide optimal product mix under resource constraints.
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identify costs and revenues relevant for decision making.
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how to calculate costs of a product or a service based on different methods such as total cost, marginal cost and activity based cost.
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managerial accounting according to the normal cost method, understand the prerequisites for and the purpose of accounts based on normal cost, as well as to develop, calculate and analyze such accounts.
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the principles behind and how to perform managerial accounting based on the standard cost method, including deviation analysis.
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modern management accounting
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strengths and weaknesses, including ethical issues, of the different methods and approaches.
Examination requirements
Approved compulsory assignments. More information will be given in Canvas at the start of the semester.
Teaching methods
Lectures and group work. Estimated workload is about 200 hours.
Evaluation
The person responsible for the course, in consultation with the student representative, decides the method of evaluation and whether the courses will have a midterm- or end of term evaluation, see also the Quality System, section 4.1. Information about evaluation method for the course will be posted on Canvas.
Admission for external candidates
No
Assessment methods and criteria
4-hour written examination. Letter grades.
Reduction of Credits
This course’s contents overlap with the following courses. A reduction of credits will occur if one of these courses is taken in addition:
| Course | Reduction of Credits |
|---|---|
| BE-1500 – Managerial Analysis and Budgeting | 7.5 |
| BE-1500 – Managerial Analysis and Budgeting | 7.5 |
| BE-1500 – Managerial economics | 7.5 |
| BE-102 – Managerial Analysis and Budgeting | 7.5 |
| BE-104 – Managerial Accounting | 7.5 |
| BE-104 – Managerial Accounting | 7.5 |
| BE-110 – Management Accounting 1 | 7.5 |
| BE-107 – Business Administration for IT students | 5 |