BØK 3541 Managerial Accounting and Control
BØK 3541 Managerial Accounting and Control
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.
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.
- The lean philosophy and multi-dimensional process analysis.
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
- Decision Making based on relevance accounting
- Cost allocation and analysis of in activity structures
After taking the course, the students shall acknowledge management control as a contextual field, where strategy, external conditions, and sustainability considerations affect management actions.
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
Part 3: From analysis to improvement
- Lean philosophy
- Multidimensional process analysis
This course is organized in lecture theater sessions and seminars. In the seminars, 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, engages in group discussions, and provides oral feedback. Before every session, the students should prepare themselves by reading the textbook, participate in the lecture theatre sessions, watch videos, and do assignments in the exercise and case book.
E-Learning
Where the course is delivered as an online course, the lecturer will, in collaboration with the study administration, arrange an appropriate combination of digital learning resources and activities. These activities will correspond to the stated number of teaching hours delivered on campus. Online students are also offered a study guide that will provide an overview of the course and contribute to course progression. The total time students are expected to spend completing the course also applies to online studies.
Eksamen er endret fra 3 timer skoleeksamen til 4 timer hjemmeeksamen.
Higher Education Entrance Qualification
Disclaimer
Deviations in teaching and exams may occur if external conditions or unforeseen events call for this.
(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 coursework | Courseworks given | Courseworks required | Comment coursework |
|---|---|---|---|
| Voluntary | During the semester a set of voluntary assignments is provided. |
| Assessments |
|---|
Exam category: Submission Form of assessment: Handin - all file types Weight: 30 Grouping: Individual Duration: 24 Hour(s) Exam code: BØK35412 Grading scale: ECTS Resit: Examination every semester |
Exam category: Submission Form of assessment: Handin - all file types Weight: 70 Grouping: Individual Duration: 4 Hour(s) Comment: This is a final home-exam with emphasis on the course's technical content (budgeting, cost analysis and ABC). Exam code: BØK35413 Grading scale: ECTS Resit: Examination every semester |
All exams must be passed to get a grade in this course.
| Activity | Duration | Comment |
|---|---|---|
Teaching | 26 Hour(s) | |
Seminar groups | 12 Hour(s) | |
Digital resources
| 5 Hour(s) | |
Prepare for teaching | 112 Hour(s) | |
Group work / Assignments | 25 Hour(s) | |
Examination | 20 Hour(s) |
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.
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.