Course code BUS100

BUS100 Cost Accounting, Fundamentals

Norsk emneinformasjon

Search for other courses here

Showing course contents for the educational year 2021 - 2022 .

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 and business administration.

The following topics are covered:

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.
  • 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.
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:
Written exam. The final examination of 3 hours counts 100%.
Nominal workload:
125 hours.
Entrance requirements:
Minimum requirements for entrance to higher education in Norway (generell studiekompetanse)
Reduction of credits:
5 ECTS-credits overlap with INN200 and 2,5 ECTS- credits overlap with BUS101.
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: Written exam: Letter grades