BØK 3551 Practical Managerial Accounting and Control

Norwegian version

BØK 3551 Practical Managerial Accounting and Control

Responsible for the course
Tor Olav Nordtømme

Department of Accounting - Auditing and Business Analytics

According to study plan

ECTS Credits

Language of instruction

This course builds on BØK 3411 Finance and Managerial Accounting Iand is structured according to a generic management cycle. Course theme is conformed this cycle and is also rooted in business issues from a variety of cases. The course focuses on a management regime where the balanced scorecard integrates with budgeting and decision-making rooted in the value chain and activity understanding.

Learning outcome
Acquired 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 the basis for process and activity analyses.
  • ABC-costing.

Acquired 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 preparation and assessment of profitability analyses
  • The allocation and analysis of costs in an activity structure.
After taking the course, the students shall acknowledge management control as a contextual field, where conflicts of interest and ethical norms affect management actions.

"Managerial Accounting and finance", "Finance and Managerial Accounting I" or equivalent.

Compulsory reading
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

Recommended reading

Course outline
Part 1: Planning and management of the value creation process
Management accounting and control - the shape of a new paradigm
Strategic goals and objectives
The Strategy Map
Measures: validity and reliability
The Budget Roles in the new paradigm
The Budget as a Tool to Test the Financial and Capacity Impacts of Company Plans

Part 2: Decision Support for value creation
Value Drivers, Cost Drivers and Value Chain Analysis
Cost Analysis
Costing with emphasis on ABC

Computer-based tools
Students are expected to use spreadsheets (e.g. Excel) when solving and submitting assignments.

Learning process and workload
The course consists of lectures, assignment reviews by the lecturer and self-tuition (reading the syllabus and doing exercises/assignments). Each student must hand in three assignments.

Throughout the course, the students shall discuss and solve a number of case–oriented business problems from the private and public sectors.

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's Learning assignments (approx. 3,5 hours per assigment)
Preparation for exams
Recommended total use of hours

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.
Examination code(s)
BØK 35511 - Written exam, counts for 100 % of the grade in the course BØK 3551.

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
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.

Additional information