BØK 3422 Managerial Accounting

BØK 3422 Managerial Accounting

Course code: 
BØK 3422
Department: 
Accounting and Operations Management
Credits: 
7.5
Course coordinator: 
Knut Eikre Larsen
Course name in Norwegian: 
Bedriftsøkonomisk analyse
Product category: 
Bachelor
Portfolio: 
Bachelor - Common Courses
Semester: 
2022 Spring
Active status: 
Active
Level of study: 
Bachelor
Teaching language: 
Norwegian
Course type: 
One semester
Introduction

The aim of this first course in managerial accounting is to give students essential basic knowledge and skills so that they can take part in discussions on problems in managerial accounting and carry out simple analyses within this field, make correct decisions and communicate the results of the analyses in a comprehensible manner.

Learning outcomes - Knowledge

After having completed the course, the students shall be capable of explaining concepts and give an account of important tools used in analyses of managerial accounting problems (tools include connections, methods, techniques, models, theories, etc. that are applied in the subject area).

  • Examples of concepts that students must be able to explain: fixed costs, variable costs, sunk cost, alternative cost, income statement, gross margin, return on total assets, current liabilities, cash flow.
  • Examples from the toolbox: contribution margin calculations, full costing, income statement, cash budget, break-even turnover, profit maximization, ratios and variance analyses.
Learning outcomes - Skills

After having completed the course, the students shall be able to (a) apply acquired knowledge (concepts and tools) in analyses and discussions of managerial accounting problems, (b) distinguish between relevant and irrelevant information, and (c) give written answers to questions so that the readers understand applied method and conclusions. Examples:

  • When the tool is given, be able to apply the tool correctly
  • Based on a simple situation description, be able to choose the correct tool and apply it correctly
  • Based on a more complex situation description, be able to seek out relevant information, link it to the correct tool and apply the tool correctly.

Since the toolbox is of a general nature, the learning outcomes also apply in international settings.

General Competence

After taking the course, the students shall be able to ask critical questions and reflect on crucial assumptions and theories within the business economics field, and thus be able to contribute to profitable and sustainable business activity.

Course content

The course consists of the following three parts:

Part 1: Accounting

  • Financial statements main reports (income statement and balance sheet)
  • The balance sheet equation (basic accounting relationships)
  • Transactions (effect on income statement and balance sheet)
  • Basic accounting principles (including depreciation and accruals in general)
  • Basic accounting analysis (liquidity, solvency, profitability and efficiency)

Part 2: Cost and revenue analysis

  • Cost theory (including variable and fixed costs, direct and indirect costs)
  • Cost distribution (including cost object, cost center and additional calculation)
  • Calculation (including cost and contribution calculations)
  • Zero point analyzes (including safety margin)
  • Short-term decision problems (including special orders, promotions and outsourcing)

Part 3: Budgeting

  • Performance budget
  • Balance budget
  • Liquidity budget
  • Budgeting of working capital
Teaching and learning activities

The course consists of a combination of lectures, assignment reviews by the lecturer, digital learning-elements and self-tuition (reading the syllabus and doing assignments).

The recommended workload for coursework requirements will depend on how much the students have worked on the syllabus before the coursework requirements are made accessible. Some of the coursework requirements may require a considerable effort if the students are lagging behind the progress plan for the course.

The teaching will consist of lectures covering part of the syllabus and assignment reviews. Students are expected to study the parts of the syllabus that are not covered by lectures or lecturer assisted assignment reviews on their own. The lectures are based on students being prepared (i.e. that they have read the syllabus, used applicable digital learning elements and done the assignments before the lectures), since this will enhance the learning outcome.

Course participants should use spreadsheets when solving assignments when this is appropriate (for example in connection with financial statement analysis and budgeting).

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. 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".
Additional information

Re-sit examination
Students that have not gotten approved the coursework requirements, must re-take the exercises during the next scheduled course.

Students that have not passed the written examination or who wish to improve their grade may re-take the examination in connection with the next scheduled examination.

Qualifications

Higher Education Entrance Qualification

Covid-19

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.

Teaching

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

No particular prerequisites are required.

Mandatory courseworkCourseworks givenCourseworks requiredComment coursework
Mandatory84Eight coursework assignments are published per semester. Four of these must be approved in order to be able to take the exam. In order for the coursework assignments to be approved they must meet certain minimum requirements (e.g. a certain number of questions must be answered correctly). Further information is given at lectures and Itslearning.
Mandatory coursework:
Mandatory coursework:Mandatory
Courseworks given:8
Courseworks required:4
Comment coursework:Eight coursework assignments are published per semester. Four of these must be approved in order to be able to take the exam. In order for the coursework assignments to be approved they must meet certain minimum requirements (e.g. a certain number of questions must be answered correctly). Further information is given at lectures and Itslearning.
Exam categoryWeightInvigilationDurationSupport materialsGroupingComment exam
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
BØK34221
Grading scale:
ECTS
Grading rules:
Internal and external examiner
Resit:
Examination every semester
100Yes5 Hour(s)
  • BI-approved exam calculator
  • Simple calculator
  • Interest table
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
  • Interest table
Duration:5 Hour(s)
Comment:
Exam code: BØK34221
Grading scale:ECTS
Resit:Examination every semester
Type of Assessment: 
Ordinary examination
Total weight: 
100
Student workload
ActivityDurationComment
Teaching
57 Hour(s)
Prepare for teaching
113 Hour(s)
Examination
30 Hour(s)
Preparation incl. exam.
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.