Course code BUS316

BUS316 Activity Based Costing (ABC); Management and Cost Accounting

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Showing course contents for the educational year 2022 - 2023 .

Course responsible: Øystein Dahl
Teachers: Stig Aleksander Aune
ECTS credits: 5
Faculty: School of Economics and Business
Teaching language: NO
(NO=norsk, EN=Engelsk)
Limits of class size:
-
Teaching exam periods:
This course starts in the August block period. Teaching/evaluation in the August block period.
Course frequency: Annually
First time: Study year 2020-2021
Course contents:
  • Key concepts in traditional and strategic financial management
  • Basics of calculations and calculation in financial management
  • Historical development of various methods within financial management
  • What is ABC, how and why, and for whom?
  • Different philosophies for Activity Based Costing
  • Organization of an ABC project, how to carry it out in practice
  • In-depth study of the main steps in an ABC analysis, including:
    • Understanding of cost objects - customers, products, services, orders, projects
    • Activity studies and activity analysis
    • Resource analysis
    • How to select relevant cost drivers for analysis
    • Revision of estimated contribution margin and direct cost.
    • Compilation of results
  • How to use results from the analysis - financial business management with ABC
Learning outcome:
After completion of the course, students will:
  • know the principles and method of Activity Based Costing
  • understand the principles of good and value-creating financial business management
  • calculate real profitability, especially from customers and products
  • be able to perform an ABC analysis
Learning activities:
Lectures at campus. 2 days with lectures - case work - 1 day work with cases and recap. 
Syllabus:
Selected professional articles. Presented before course start.
Prerequisites:
General understanding and knowledge of accounting and management accounting, and business administration like BUS110 and BUS210
Recommended prerequisites:
The students should have basic knowledge of excel in order to create simple ABC-models. 
Mandatory activity:

The students must work with a case that will be presented on the final lecture day.

The case work will be done in groups and every student must participate in a case work in order to take the exam

Assessment:
Final written exam, 3.5 hours, which counts 100%.
Nominal workload:
125 hours.
Type of course:
Teaching for three weeks. Full day two days beginning of course, case study, final full day,
Examiner:
External examiner ensures the quality of the syllabus, exam assignments and principles for evaluation and answers.
Allowed examination aids: C3 All types of calculators, all other aids – including digital aids
Examination details: Written exam: Letter grades