Course code BUS210

BUS210 Management Accounting

Norsk emneinformasjon

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Showing course contents for the educational year 2022 - 2023 .

Course responsible: Stig Aleksander Aune
ECTS credits: 10
Faculty: School of Economics and Business
Teaching language: NO
(NO=norsk, EN=Engelsk)
Limits of class size:
Teaching exam periods:
The course starts in Spring parallel. The course has teaching/evaluation in the Spring parallel.
Course frequency: Annually
First time: Study year 2004-2005
Preferential right:
Course contents:

Introduction to basic methods and techniques related to managerial accounting and budgeting. The students will acquire knowledge and skills on data collection, analysis and interpretation and presentation of decision relevant information. 

Key topics:

  • A finance function`s role
  • Types of costs and cost allocation
  • Perspectives on pricing
  • Activity Based Costing (ABC)
  • Cost- volume- profit analyses and decision making challenges
  • Budgeting and planning
  • Performance evaluation
  • Sustainability reporting
Learning outcome:

Upon completion of the course, the candidate will possess the following knowledge, skills and general competencies:

The candidate has:

  • knowledge of managerial accounting's strategic value
  • Knowledge of different types of costs and different methods for cost allocation and calculation, including ABC calculation and is able to carry out cost- volume- profit analyses
  • Awareness of different pricing models, including transfer pricing
  • Knowledge of a traditional approach to budgeting, but also about new ideas and tools for planning, management and cost control
  • The ability to discuss the purpose of budgets in general, the organising of the budgeting process and develop cash flow-, P&L- and Balance Sheet budgets
  • Knowledge of diverse financial and non-financial performance targets, and is able to evaluate advantages and disadvantages associated with them
  • Awareness of strategic management accounting models like the Balanced Scorecard, Economic Value Added (EVA) and Beyond Budgeting
  • Knowledge of how to measure and report sustainability

General competencies:

The candidate can:

  • Reflect on management accounting business issues from a management perspective
  • Master managerial accounting terminology
  • Convey key topics within managerial accounting both to peers and others in private enterprises or public entities
  • Continue to deepen his or her knowledge within the area
  • Develop spreadsheet models
  • View managerial accounting in a wider business context
  • Exercise critical thinking when evaluating calculations, management accounts and budgets
  • Work independently and in cooperation with others in project groups
  • Discuss theory in light of practical cases
  • Distinguish between important and less important information
Learning activities:
Lectures and supervised exercises. To some extent case based learning.
Teaching support:

Terje Berg, Grunnleggende Økonomistyring, 3. utgave, (2021). 

Specifically marked articles and lecture notes are also mandatory reading.

It is recommended that the students have knowledge in financial accounting corresponding to BUS110.
Recommended prerequisites:
Mandatory activity:
Nine mandatory assignments, whereof at least six must by approved to sit the exam.
3,5 hours written exam on campus (counts 100 % of the grade).
Nominal workload:
250 hours.
Entrance requirements:
Minimum requirements for entrance to higher education in Norway (generell studiekompetanse)
Reduction of credits:
10 ECTS overlap with BUS210F.
Type of course:
Lectures: Four hours per week. Exercises: Two hours per week.
External examiner will control the quality of syllabus, questions for the final examination, and principles for the assessment of the examination answers.
Allowed examination aids: B2 Calculator handed out, other aids as specified
B2 Calculator handed out, other aids as specifiedAccess to Excel
Examination details: Written exam: Letter grades