APPLIES TO ACADEMIC YEAR 2016/2017
BØK 3541 Managerial Accounting and Control
Responsible for the course
Department of Accounting - Auditing and Business Analytics
According to study plan
Language of instruction
This course builds on BØK 3411 Finance and Managerial Accounting I, BØK 3421 Finance and Managerial Accounting II og BØK 3531 Financial Accounting and Financial Statement Analysis. The course is structured according to a generic management cycle and relate to real business problems. The course focuses on planning and management of value creation process and relevant decision support for value creation, both in situations where the strategy is given and in situations of strategic corrections, based on learning.
The students shall acquire knowledge of:
- How the field of management accounting and control relates to value creation, and how the strategic process can be managed by means of the balanced scorecard.
- Business planning by means of budgets.
- The resource-based and the positioning-based view as main explanations of value-creation and competitive advantage.
- Value chain descriptions of the firm as basis for process and activity analyses.
- Cost relevance
- Activity-based costing.
- The lean philosophy and multi-dimensional process analysis.
- Value analysis, including revenue and cost relevance.
The students shall acquire skills about:
- The causality and suitability of objectives and measures in a balanced scorecard model, and be able to elaborate strategy maps in concrete cases.
- The preparation of budgets and analysis of budget information with respect to the financial implications of intended activities
- The allocation and analysis of costs in an activity structure, including allocation of costs between departments and between activities, from activities to products and customers, and between used and unused capacity.
- The preparation and assessment of profitability analyses.
After taking the course, the students shall acknowledge management control as a contextual field, where conflicts of interest and ethical norms affect management actions .
(BØK 3422 Managerial Accounting and BØK 3423 Finance), (BØK 3411 Finance and Managerial Accounting I and BØK 3421 Finance and Managerial Accounting II), (BØK 1113 Managerial Accounting and BØK 1121 Finance I) or equivalent.
Gjønnes, Svein H. og Tor Tangenes. 2016. Økonomisk Styring 2.0. Fagbokforlaget
Gjønnes, Svein H. og Tor Tangenes. 2017. Arbeidsbok til Økonomisk styring 2.0. 1. utg. Fagbokforlaget
Part 1: Planning and management of value creation process
About Managerial Accounting and Control
Goals and objectives
Strategy maps and strategic issues
Measures, validity and reliability
The budget roles and interaction with other tools
The budget as a tool to test the financial and capacity-related impact of possible plans
Part 2: Decision Support for the value creation
Value drivers, cost drivers and the value chain analysis
Resource and cost concepts
Costing with emphasis on ABC
Part 3: From analysis to improvement
Multidimensional process analysis
Students are expected to use spreadsheets (e.g. Excel) when solving and submitting assignments. Students must use It's learning to submit mini-exercises.
Learning process and workload
The course consists of lectures, assignment reviews by the lecturer and self-tuition (reading the syllabus and doing exercises/assignments that are both mandatory and voluntary). Each student must hand in three mandatory assignments.
Throughout the course, the students shall discuss and solve a number of case–oriented business problems from the private and public sector.
Recommended workload in hours:
|Participation in theory-based lectures
|Participation in assignment reviews by lecturer
|Participation in case discussions and solutions
|Preparations for case solutions, individually and team-based, organized by the students
|Preparations for lectures (approx. 1.5 hours per hour of lectures or assignment reviews by lecturer)
|Work on It' Learning assignments (approx. 4 hours per assigment)
|Preparation for exams
|Recommended total hours used
The plenary sessions will consist of lectures on parts of the syllabus and review of assignments. Students are expected to work on those parts of the syllabus that are not covered by the lectures or the assignment reviews. The lectures and assignment reviews are based on students having prepared for the lectures (i.e. that the students have read the syllabus and have solved the assignments before the lectures start).
For students to receive feedback on their progress and to enable them to gain experience in solving exam relevant tasks, there will be posted automatically tests on Itslearning during the course.
In course delivery as online courses or evening classes, will lecturer, in collaboration with the Academic Services Network and evening studies, organize an appropriate combination of digital and class room teaching. Online students are also offered a study guide, which will help progression and overview. Total recommended amount of time for completion of the course also applies here.
A five-hour written exam concludes the course, which counts for 100 % of the grade.
BØK 35411 - Written exam, counts for 100 % of the grade in the course BØK 3541.
Examination support materials
Interest tables and BI approved exam calculator. Examination support materials at written examinations are explained under examination information in the student portal @bi. Please note use of calculator and dictionary in the section on support materials (https://at.bi.no/EN/Pages/Exa_Hjelpemidler-til-eksamen.aspx).
Re-sit examination is offered every term.
Students that have not passed the written examination or who wish to improve their grade must re-take the examination in connection with the next scheduled examination.