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 conflicts of interest and ethical norms 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 (big classes) and small class sessions (exercise and case 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.
E-Learning
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.
Eksamen er endret fra 3 timer skoleeksamen til 4 timer hjemmeeksamen. Dette gjelder både for kontinuasjonseksamen høst 2022 og ordinær eksamen vår 2023.
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: Written submission Weight: 30 Grouping: Individual Duration: 24 Hour(s) Exam code: BØK35412 Grading scale: ECTS Resit: Examination every semester |
Exam category: Submission Form of assessment: Written submission Weight: 70 Grouping: Individual Duration: 4 Hour(s) Comment: 1) 22/09/2022 The exam has been changed from a 3-hour school exam to a 4-hour home exam. 2) This is a final home-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: 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) | |
Prepare for teaching | 61 Hour(s) | |
Group work / Assignments | 50 Hour(s) | |
Examination | 46 Hour(s) | |
Digital resources
| 5 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.
All exams must be passed to obtain a final grade in the course.