BUS100F Cost Accounting, Fundamentals - Online version
Showing course contents for the educational year 2022 - 2023 .
Course responsible: Torun Fretheim
ECTS credits: 5
Faculty: School of Economics and Business
Teaching language: NO
Teaching exam periods:
This course has teaching/evaluation in Spring parallel.
Course frequency: Once per year, spring parallell.
First time: Study year 2022-2023
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.
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.
After completed course, the student
- masters cost accounting terminology
- can communicate central cost accounting theory.
Streamed lectures, in Norwegian.
Digital seminars with seminar leaders. No registration required, just appear to the seminar that suits your schedule better.
Streammed plenary lectures; various material and voluntary multiple choice tests on Canvas; voluntary digital seminars.
Berg, Terje: Grunnleggende økonomistyring, Cappelen Dam, ISBN 9788202659820, 3. utgave, 2021.
+ supplementary materials made available on the course home page.
Written digital home exam. The final examination of 3 hours counts 100%.
Reduction of credits:
5 ECTS-credits overlap with BUS100, INN200, INN200F, INN201-B 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.
Examination details: Written home exam: Passed / Not Passed