BØK 3541 Managerial Accounting and Control

BØK 3541 Managerial Accounting and Control

Course code: 
BØK 3541
Accounting and Operations Management
Course coordinator: 
Tor Tangenes
Course name in Norwegian: 
Økonomi- og virksomhetsstyring
Product category: 
Bachelor of Business Administration - Programme Courses
2019 Spring
Active status: 
Level of study: 
Teaching language: 
Course type: 
One semester

This course builds on BØK 3422 Managerial Accounting, BØK 3423 Finance and 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.

Learning outcomes - Knowledge

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.
Learning outcomes - Skills

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.
Learning Outcome - Reflection

After taking the course, the students shall acknowledge management control as a contextual field, where conflicts of interest and ethical norms affect management actions .

Course content

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
  • cost relevance
  • Costing with emphasis on ABC

Part 3: From analysis to improvement

  • Lean philosophy
  • Multidimensional process analysis
Learning process and requirements to students

This course is organized in lecture theater sessions (big classes) and small class sessions. The technical part of the syllabus is basically covered the lecture theater sessions. This part encompasses budgeting, cost analysis, and costing. In the small classes, students self-organize in groups of 3 - 6 students, and work with case-based problems, which requires reflection. The lecturer supervises the small class groups, and provides oral feedback to the students. Before each subject, a video is published. The learning process in the small classes requires students who prepare themselves, by watching the related video and by reading the textbook. Additionally, the learning process includes independent work with the assignment program.

Students are expected to use spreadsheets (e.g. Excel) when solving and submitting assignments. Students must use It's learning to submit mini-exercises.


In course delivery as online courses, lecturer will, in collaboration with the student administration, organize an appropriate course implementation, combining different learning activities and digital elements on the learning platform. The online students are also offered a study guide that will contribute to progression and overview. Total recommended time spent for completing the course also applies here.

Software tools
No specified computer-based tools are required.
Additional information

Re-sit examiniation for BØK 35411 is offered autumn 2018 and last time spring 2019.


Higher Education Entrance Qualification.

Required prerequisite knowledge

(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.

Mandatory courseworkCourseworks givenCourseworks requiredComment coursework
Voluntary During the semester a set of voluntary assignment is provided.
Mandatory coursework:
Mandatory coursework:Voluntary
Courseworks given:
Courseworks required:
Comment coursework:During the semester a set of voluntary assignment is provided.
Exam category: 
Form of assessment: 
Written submission
24 Hour(s)
Midterm Evaluation
This is the first of two exam elements, which is a home exam. The submission includes the course's first and third theme blocks. It will test the student's reflectivity with regard to conceptual substance.
Exam code: 
Grading scale: 
Examination every semester
Exam category: 
Form of assessment: 
Written submission
Support materials: 
  • BI-approved exam calculator
  • Simple calculator
3 Hour(s)
This is a final exam with emphasis on the course's technical content (budgeting, cost analysis and ABC)
Exam code: 
Grading scale: 
Examination every semester
Exam organisation: 
Ordinary examination
All exams must be passed to get a grade in this course.
Total weight: 
Student workload
24 Hour(s)
Other in classroom
10 Hour(s)
Prepare for teaching
70 Hour(s)
Group work / Assignments
50 Hour(s)
46 Hour(s)
Sum workload: 

A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 7,5 ECTS credit corresponds to a workload of at least 200 hours.