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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: 
2017 Autumn
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.
Learning Outcome - Reflection

After having completed the course, the students shall be able to ask critical questions and reflect on crucial presumptions and assumptions within the business economics field.

Course content

The course consists of the following three parts:

Part 1: Accounting and budgeting

  • The main financial statements (income statement and balance sheet)
  • Principles and key valuation rules in the financial statements
  • How can financial statements be used (financial statement analysis)
  • Budgetary planning and control
  • Budgeted profit and loss account, budgeted balance sheet and cash budget

Part 2: Cost and income analysis

  • Costs
  • Calculation: contribution and full cost
  • Cost-volume-profit analyses
  • Income theory and market adaptation
  • Some particular decision problems
  • Decision-relevant costs and income
  • Free capacity
  • Profitability analyses of marketing campaigns and discounts
  • Choice of product when resources are limited

Part 3: Management Accounts Models

  • Traditional calculation and forms of management accounts
  • Standard cost calculations and standard cost accounts
  • Variance analysis for costs and income
Learning process and requirements to students

The course consists of lectures, assignment reviews by the lecturer 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 assignment reviews on their own. The lectures are based on students being prepared (i.e. that they have read the syllabus and done the assignments before the lectures).

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.
Additional information

In order to support the students' learning process, BI organizes seminars and other guidance services at our Campus. Students are strongly encouraged to participate in these offers.

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.

Required prerequisite knowledge

No particular prerequisites are required.

Mandatory courseworkCourseworks givenCourseworks requiredComment coursework
Mandatory85Eight coursework assignments are published per semester. Five 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:5
Comment coursework:Eight coursework assignments are published per semester. Five 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:
BØK 34221
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: BØK 34221
Grading scale:ECTS
Resit:Examination every semester
Exam organisation: 
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.