Course code BUS100

BUS100 Cost Accounting, Fundamentals

Norsk emneinformasjon

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Showing course contents for the educational year 2019 - 2020 .

Course responsible: Torun Fretheim
ECTS credits: 5
Faculty: School of Economics and Business
Teaching language: NO
(NO=norsk, EN=Engelsk)
Limits of class size:
Teaching exam periods:
This course has teaching/evaluation in Spring parallel.
Course frequency: Given once a year - spring.
First time: Study year 2007-2008
Preferential right:
Course contents:

The course provides an introduction to basic cost accounting. Parts of teaching is research based, and examples from the media and current policy debate is utilized in teaching.

The following topics are covered: The company and its surroundings; Cost and cost behavior; Markets; Product costing, Cost allocation; Short term production decisions and trade-offs; Financial accounts; Time value of money; Capital budgeting.

Learning outcome:


After completed course, the student should have knowledge on:

  • basic topics, theories, methods, problems and tools within cost accounting.
  • which factors the firm can affect, which factors it takes as given, and how this might vary across different types of firms and across different markets.
  • different types of costs
  • different cost allocations methods
  • the firm`s short term decision problems
  • financial accounting
  • time value of money
  • different capital budgeting methods


After completed course, the student should be able to:

  • give an account of basic cost accounting terminology
  • explain which factors affect the firm, both on the short and long term.
  • perform a cost allocation case.
  • perform cost accounting by the two main methods, and explain the difference between them.
  • explain and calculate how changes in activity affects revenue, costs, and profits.
  • explain the relation between the balance sheet and profits.
  • explain the present value of money
  • explain and conduct simple project analysis.

General qualifications:

After completed course, the student

  • masters cost accounting terminology
  • can communicate central cost accounting theory.
  • is able to reflect on the firm`s role in the society
Learning activities:

Lectures, in Norwegian.

Seminars with seminar leaders. No registration required, just appear to the seminar that suits your schedule better.

Teaching support:
Plenary lectures; various material and voluntary multiple choice tests on Canvas; voluntary seminars.

Sending, Aage: Økonomistyring 1. Fagbokforlaget, ISBN 978-82-450-1496-9, 2.utgave, 2013.

Sending, Aage: Arbeidshefte til Økonomistyring 1. Fagbokforlaget, ISBN 978-82-450-1362-7, 2.utgave, 2013.

+ supplementary materials made available on the course home page.

Recommended prerequisites:
Mandatory activity:
No mandatory activities.
Written exam. The final examination of 3 hours counts 100%.
Nominal workload:
150 hours.
Entrance requirements:
Minimum requirements for entrance to higher education in Norway (generell studiekompetanse)
Reduction of credits:
5 ECTS-credits overlap with INN200 abd 2,5 ECTS- credits with BUS101 The Firm.
Type of course:

Lectures: 2 hours per week.

Seminars/problem solving exercises: 0-2 hours per week.

An external examiner is involved in reviewing the course design and the tests.
Allowed examination aids: B1 Calculator handed out, no other aids
Examination details: One written exam: A - E / F