BUS100F Cost Accounting, Fundamentals - Online version
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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
(NO=norsk, EN=Engelsk)
(NO=norsk, EN=Engelsk)
Teaching exam periods:
This course has teaching/evaluation in Spring parallel.
Course frequency: Once per year, spring parallell.
First time: Study year 2022-2023
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:
Knowledge:
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
Skills:
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:
Streamed lectures, in Norwegian.
Digital seminars with seminar leaders. No registration required, just appear to the seminar that suits your schedule better.
Teaching support:
Streammed plenary lectures; various material and voluntary multiple choice tests on Canvas; voluntary digital seminars.
Syllabus:
Berg, Terje: Grunnleggende økonomistyring, Cappelen Dam, ISBN 9788202659820, 3. utgave, 2021.
+ supplementary materials made available on the course home page.
Prerequisites:
-
Recommended prerequisites:
-
Mandatory activity:
-
Assessment:
Written digital home exam. The final examination of 3 hours counts 100%.
Nominal workload:
125 hours.
Entrance requirements:
-
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.
Examiner:
An external examiner is involved in reviewing the course design and the tests.
Examination details: Written home exam: Passed / Not Passed