Course code BUS210

BUS210 Managerial Accounting and Budgeting

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Showing course contents for the educational year 2018 - 2019 .

Course responsible: Stig Aleksander Aune
Teachers: Kari Anne Fange
ECTS credits: 10
Faculty: School of Economics and Business
Teaching language: NO
(NO=norsk, EN=Engelsk)
Limits of class size:
Teaching exam periods:
This course starts in Spring parallel. This course has teaching/evaluation in 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:

  • The finance function’s role
  • Types of costs
  • Perspectives on pricing
  • Activity Based Costing (ABC)
  • Cost- volume- profit analyses and decision making challenges
  • Budgeting, budget criticism, and Beyond Budgeting
  • Performance evaluation
  • Balanced Scorecard
Learning outcome:

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

The candidate has:

  • An understanding of the finance function’s role in the corporation and is able to discuss the basic elements of managerial accounting, including budgeting and reporting
  • Knowledge of which factors a company can exercise control over and which it cannot, and how this may vary between different types of industries and markets
  • 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 that forms the basis for developing and using relevant data for monitoring and decision making processes , including the ability to distinguish between relevant and irrelevant information
  • Knowledge of traditional tools for calculations and budgeting, but also about new ideas and tools for planning, management and cost control
  • Awareness of standard costing based management accounts, including flexible budgets
  • 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 og Beyond Budgeting

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
Learning activities:
Lectures and supervised exercises.
Teaching support:

Hoff, Kjell Gunnar: Økonomistyring 2, Universitetsforlaget 2015. Hoff, Kjell Gunnar, Hoff, Jan Erik: Arbeidsbok til Økonomistyring. Oppgaver og løsningsforslag, Universitetsforlaget 2015. 

Presentations for the lectures published in Canvas is part of the syllabus.

The students must have passed BUS100. It is recommended that the students also have knowledge in financial accounting corresponding to BUS110.
Recommended prerequisites:
Mandatory activity:
Two compulsory assignments.Compulsory activity is valid until the next time the course is given.
One final examination of 3,5 hours which counts 100 %. 
Nominal workload:
300 hours.
Entrance requirements:
Minimum requirements for entrance to higher education in Norway (generell studiekompetanse)
Type of course:
Lectures: 4 hours per week. Exercises: 2 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: B1 Calculator handed out, no other aids
Examination details: Continuous exam: A - E / Ikke bestått