Course code BUS100F

BUS100F Cost Accounting, Fundamentals - Online version

Norsk emneinformasjon

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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)
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:


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:

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.

Berg, Terje: Grunnleggende økonomistyring, Cappelen Dam, ISBN 9788202659820, 3. utgave, 2021.

+ supplementary materials made available on the course home page.

Recommended prerequisites:
Mandatory activity:
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.

An external examiner is involved in reviewing the course design and the tests.
Examination details: Written home exam: Passed / Not Passed