Managerial Accounting (F)

Course content

Financial and non-financial data are a very important basis for evaluation of 
profits of different segments as well as evaluating and managing the efficiency of departments, people and processes in the organization. But it is also important as a basis for pricing decisions and planning purposes. The course put focus on how to capture financial and non-financial data as well as organize and use them for decision making, planning and control. 

The course contains the following core elements:

  • Job costing systems & process-costing systems

  • Revenue and Cost terms and behaviour

  • Profitability analysis on products, customers and other segments

  • Pricing decisions and target costing

  • Budgetary systems

  • Standard Cost Control

  • Performance measurement and management systems

  • Control systems and transfer pricing

Education

MSc programme in Economics – elective course

Bacheloruddannelsen i økonomi – valgfag på 3. år

The Danish BSc programme in Economics - elective at the 3rd year

Sidefagsuddannelsen i Økonomi-Erhvervsøkonomi - valgfag på KA delen

The course is part of the Financial line in Economics symbolized by "F".

Learning outcome

After completing the course, the student should be able to:

Knowledge:

  • Develop a fundamental knowledge of financial management of a company.
  • Understand the purpose and content of different cost and management accounting models, techniques and systems.

 

Skills:

  • Design, implement and use different conventional as well as modern cost and management accounting models, techniques and systems for analysis, decision making and control purposes.    

 

Competencies:

  • Analyse and evaluate the strengths and weaknesses of each model, technique and system used for different tasks and apply the different models and tools in different companies. 

 

Research and theory based dialog lectures are mixed with exercises and cases. The lectures provide the students with the necessary understanding of purpose and content of the techniques and what type of theory they are based on. Through the use of examples and cases from practice the students learn to apply theory and techniques for analysis, decision making and control purposes in practice.

Seal, W., Rohde, C., Garrison, R.H. & Noreen E.W. “Management Accounting”. McGraw-Hill, 2015.

ISBN-13 9780077157500

ISBN-10 0077157508

 Selected articles

The course requires knowledge of micro economics as included in Micro I and Micro II.

Schedule:
3 hours lectures a week from week 6 to 20 (except holidays).


Timetable and venue:
The schedule for the semester spring 2018 will be available no later than 7th of November 2017

ECTS
7,5 ECTS
Type of assessment
Written examination, 3 hours under invigilation
at the computers of the University.
The exam assignment is given in English and must be answered in English.
Aid
Without aids
Marking scale
7-point grading scale
Censorship form
External censorship
if chosen by the Head of Studies.
Criteria for exam assessment

Students are assessed on the extent to which they master the learning outcome for the course.

To receive the top grade, the student must be able to demonstrate in an excellent manner that he or she has acquired and can make use of the knowledge, skills and competencies listed in the learning outcomes.

At the exam the students must especially be able to:

Knowledge:

Understand the purpose and content of different cost and management accounting models. techniques and systems.

Skills:

Design, implement and use different cost and management accounting models, techniques and systems for analysis, decision making and control purposes.    

Competencies:

Analyze and evaluate the strengths and weaknesses of each model and technique and system used for different tasks.

Single subject courses (day)

  • Category
  • Hours
  • Lectures
  • 42
  • Preparation
  • 161
  • Exam
  • 3
  • English
  • 206