Course

INN200 Management Accounting

Credits (ECTS):5

Course responsible:Torun Fretheim

Campus / Online:Online

Teaching language:Norsk

Course frequency:Annually.

Nominal workload:125 hours.

Teaching and exam period:This course has teaching/evaluation in the Autumn parallel.

About this course

The course provides an introduction to key concepts and models that form the foundation of financial management in companies. Students should know basic business economics theory and methods and apply them to business economic issues. The course will provide students with the knowledge to read, understand, and analyze financial statements. Thematically, the course is divided into the following main parts. Students receive an introduction to business economics, financial management, and accounting. Furthermore, an introduction to calculations, costing, and cost allocation is provided. The course also addresses short-term, medium-term, and long-term decision-making problems. Finally, students gain knowledge about budgeting.

Learning outcome

A student, upon completing the course, will have the following overall learning outcomes defined in knowledge, skills, and general competence:

Knowledge

The student:

  • has good knowledge of basic concepts, theories, and methods in financial management
  • has good knowledge of the basic structure of accounting
  • has good knowledge of the economic cycle in society

Skills

The student:

  • can prepare calculations and budgets
  • can conduct simple investment analyses
  • can conduct break-even analyses
  • can evaluate and analyze the relationship between plans and budgets, accounting, and reporting

General Competence

The student:

  • can draw independent conclusions based on economic analyses
  • can assess the economic consequences of their own decisions
  • can critically evaluate the economic processes in their own organization
  • can communicate about the relationship between financial management, resource scarcity, and the various types of resources an organization manages
  • Learning activities
    Digital lectures and weekly seminars. The students will also have access to digital resources on Canvas.
  • Teaching support
    Canvas
  • Assessment method

    Final written examination (3 hours) counts 100%.

    Grading: A-F.

    Permitted aids: B1: calculator handed out, no other aids



    Written Exam at Home Karakterregel: Passed / Not Passed
  • Examiner scheme
    External examiner will control the quality of syllabus, questions for the final examination, and principles for the assessment of the examination answers.
  • Mandatory activity

    There will be 10 assignments throughout the course. The students must pass at least 8 of the assignments to be allowed to take the exam.

    Approved mandatory activity from the previous time the course was offered is valid when retaking the course.

  • Teaching hours
    Problem solving exercises: 2 hours per week.
  • Reduction of credits
    5 ECTS overlap with BUS100 Cost Accounting, Fundamentals. 2,5 ECTS overlap with BUS101 The Firm. 5 ECTS overlap with INN201-B Management Accounting.
  • Admission requirements
    Minimum requirements for entrance to higher education in Norway.