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
2022 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 performance management relates to value creation, and how the strategic process can be managed by means of the balanced scorecard and budgets
  • How CSR can be managed
  • The use of budgets as a set of financial forecasts
  • The resource-based and the positioning-based view as main explanations of value-creation and competitive advantage.
  • Cost drivers
  • Revenue and cost relevance
  • Activity-based costing.
  • Capacities, bottlenecks, and optimal product mix
  • The lean philosophy and multi-dimensional process analysis.
  • Benchmarking
Learning outcomes - Skills

The students shall acquire skills as to:

  • The causality and suitability of objectives and measures in a balanced scorecard model 
  • Elaboration of strategy maps in concrete cases.
  • Elaboration of budget models in Excel
  • Preparation of operating and financial budgets
  • Budget analysis
  • Optimizing product volums with respect to capacities by means of Excel
  • Decision Making based on relevance accounting
  • Cost allocation and analysis of in activity structures
General Competence

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 Performance management
  • Goals and objectives
  • Strategy maps and strategic themes
  • Measures, validity and reliability
  • The budget as a performance management tool
  • Excel-modeling and budgeting

Part 2: Decision Support for the value creation

  • Competitive power and cost drivers
  • Resource and cost concepts
  • Revenue and cost relevance
  • Costing with emphasis on ABC
  • Capacities and optimal product mix

Part 3: From analysis to improvement

  • Lean philosophy
  • Multidimensional process analysis
  • Benchmarking
Teaching and learning activities

This course is organized in lecture theater sessions (big classes) and small class sessions. In the small class sessions, the students work group-wise with case-based problems. Among other things, they use Excel to model and solve budgeting and costing problems. The lecturer acts as supervisor in the small class sessions, engages in group discussions, and provides oral feedback. Before every small class session, the students should prepare themselves by reading the textbook, participate in the lecture theatre sessions, watch videos, and do assignments in the workbook.

Before every topic in the syllabus is reviewed in class, one or several videos are published, each lasting for approx. 15 minutes.


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
Software defined under the section "Teaching and learning activities".

Higher Education Entrance Qualification


Due to the Covid-19 pandemic, there may be deviations in teaching and learning activities as well as exams, compared with what is described in this course description.


Information about what is taught on campus and other digital forms will be presented with the lecture plan before the start of the course each semester.

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 assignments is provided.
Mandatory coursework:
Mandatory coursework:Voluntary
Courseworks given:
Courseworks required:
Comment coursework:During the semester a set of voluntary assignments 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.
All exams must be passed to obtain a final grade in the course.
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)
1) 30/09/2022 Please note that re-sit examination autumn 2022 will be arranged as a home exam, 4 hours.
2) This is a final exam with emphasis on the course's technical content (budgeting, cost analysis and ABC).
3)All exams must be passed to obtain a final grade in the course.
Exam code: 
Grading scale: 
Examination every semester
Type of Assessment: 
Ordinary examination
All exams must be passed to get a grade in this course.
Total weight: 
Student workload
18 Hour(s)
Seminar groups
16 Hour(s)
Prepare for teaching
65 Hour(s)
Group work / Assignments
50 Hour(s)
46 Hour(s)
Digital resources
  • Interactive video
5 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.