BØK 3551 Practical Managerial Accounting and Control

BØK 3551 Practical Managerial Accounting and Control

Course code: 
BØK 3551
Department: 
Accounting, Auditing and Business Analytics
Credits: 
7.5
Course coordinator: 
Johnny Olesen
Product category: 
Bachelor
Portfolio: 
Bachelor - Core Courses
Semester: 
2020 Spring
Active status: 
Active
Teaching language: 
Norwegian
Course type: 
One semester
Introduction

This course is split in two parts.  The first part build upon BØK 3434, Managerial accouning and finance, and focuses on accounting structures, cost behavior and budgeting models.  The second part concentrate on more contemporary management control systems with The Balanced Scorecard, Activity Based Costing and Lean.

 

Learning outcomes - Knowledge

The students shall acquire knowledge of:

  • How various actions and activities within an organization create accounting transactions that are reported in the income statements, balance sheet and cash flow statements
  • Methods for financial statement analysis
  • Business planning by means of budgets.
  • How managerial accounting can be operationalized by The Balance Scorecard
  • Income and cost relevance
  • ABC-costing
  • Continous improvement as a management philosophy.
Learning outcomes - Skills

The students shall acquire skills about:

  • The preparation of budgets and analysis of budget information with respect to the financial implications of intended activities.
  • The causality and suitability of objectives and measures in a balanced scorecard model
  • The preparation and assessment of profitability analyses
  • The allocation and analysis of costs in an activity structure.
  • Knowledge of the eight different ways of waste in Lean
General Competence

After taking the course, the students shall acknowledge management control as a contextual field.

Course content

Part 1: Understanding accounting and budgeting (50%)

  • Financial accounting structures and how actions turn into accounting transactions
  • Cost concepts and cost allocation dilemmas
  • Methods of financial statement analysis
  • Income statement budgets
  • Cash flow budgets
  • Balance sheet budgets

Part 2: Control and measurement of the value creation processes (50%

  • Making strategy operational and executable, critical success factors, KPIs and strategy mapping
  • Using Balanced Scorecards to evaluate strategy implementation and as tool to allocate opeational resources
  • Income and cost relevance
  • The analysis of activity, activity costing and calculation costs of excess capacity
  • Lean philosophy and lean principles

 

Teaching and learning activities

The course consists of lectures, assignment reviews by the lecturer and self-tuition (reading the syllabus and doing exercises/assignments).

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 tests on Itslearning during the course.

E-learning
When course is delivered online, lecturer, in cooperation with the Academic Servises Network, will organize an appropriate combination of digital teaching and lectures. Online students are also offered a study guide to 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.
Qualifications

Higher Education Entrance Qualification.

Required prerequisite knowledge

BØK 3434 Managerial Accountng and Finance, or equivalent.

Mandatory courseworkCourseworks givenCourseworks requiredComment coursework
Mandatory85Eight work requirements will be published during the semester. Of these, five must be approved for admission to the exam. Each of the work requirements will have a duration of twelve (12) hours, and it will be given three attempts each of one (1) hour. In order for the work requirements to be considered to be fulfilled, a certain minimum requirement is set for the content of the answers (eg that a certain number of questions must be answered correctly). Detailed information is provided in the lectures and at It'sLearning.
Mandatory coursework:
Mandatory coursework:Mandatory
Courseworks given:8
Courseworks required:5
Comment coursework:Eight work requirements will be published during the semester. Of these, five must be approved for admission to the exam. Each of the work requirements will have a duration of twelve (12) hours, and it will be given three attempts each of one (1) hour. In order for the work requirements to be considered to be fulfilled, a certain minimum requirement is set for the content of the answers (eg that a certain number of questions must be answered correctly). Detailed information is provided in the lectures and at It'sLearning.
Exam categoryWeightInvigilationDurationSupport materialsGroupingComment exam
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
BØK35511
Grading scale:
ECTS
Grading rules:
Internal and external examiner
Resit:
Examination every semester
100Yes5 Hour(s)
  • BI-approved exam calculator
  • Simple calculator
Individual
Exams:
Exam category:Submission
Form of assessment:Written submission
Weight:100
Invigilation:Yes
Grouping (size):Individual
Support materials:
  • BI-approved exam calculator
  • Simple calculator
Duration:5 Hour(s)
Comment:
Exam code:BØK35511
Grading scale:ECTS
Resit:Examination every semester
Type of Assessment: 
Ordinary examination
Total weight: 
100
Student workload
ActivityDurationComment
Teaching on Campus
39 Hour(s)
Webinar
3 Hour(s)
Prepare for teaching
143 Hour(s)
Examination
15 Hour(s)
Sum workload: 
200

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.