Course code BUS316

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

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Showing course contents for the educational year 2021 - 2022 .

Course responsible: Stig Aleksander Aune
Teachers: Øystein Dahl
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:

The lectures are given in real time via Zoom, additionally there will be group work (digital solution), case-based teaching

Selected professional articles. Presented before course start.

Teaching support:
Exercise teachers will be available for assignment support.
Syllabus:

Selected professional articles. Presented before course start.

 

No compulsory textbook, but recommended readings will be given.

Prerequisites:
Students should master Excel so that they can create simple ABC models.
Recommended prerequisites:
Assessment:
Digitally based final exam, 3.5 hours, which counts 100%.
Nominal workload:
125 hours.
Type of course:
Teaching for three weeks. Double lessons three days a week (tentative Monday, Wednesday, Friday). Group work (digitally) between lessons.
Examiner:
External examiner ensures the quality of the syllabus, exam assignments and principles for evaluation and answers.
Allowed examination aids: C3 Alle typer kalkulatorer, alle andre hjelpemidler - inkludert digitale
Examination details: Written exam: Letter grades