BØK 3541 Managerial Accounting and Control
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APPLIES TO ACADEMIC YEAR 2012/2013
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BØK 3541 Managerial Accounting and Control Responsible for the course Tor Tangenes Department Department of Accounting - Auditing and Law Term According to study plan ECTS Credits 7,5 Language of instruction Norwegian Introduction This course builds on BØK 3411 Finance and Managerial Accounting I, BØK 3421 Finance and Managerial Accounting II og 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. Learning outcome Acquired knowledge The students shall acquire knowledge of:
Acquired skills The students shall acquire skills about:
Reflection After taking the course, the students shall acknowledge management control as a contextual field, where conflicts of interest and ethical norms affect management actions . Prerequisites (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. Compulsory reading Books: Tangenes, Tor, Svein H. Gjønnes. 2012. Økonomi- og virksomhetsstyring : videregående emner. Fagbokforlaget Tangenes, Tor, Svein H. Gjønnes. 2013. Arbeidshefte til Økonomi- og virksomhetsstyring. 2. utg. Fagbokforlaget Recommended reading Course outline Part 1: Planning and management of value creation process About Managerial Accounting and Control Strategic objectives and critical sucess factors Strategy maps and strategic issues Performance metrics, validity and reliability Budget purposes and managerial qualities Budgets as a tool to test the financial and capacity-related impact of possible measures Performance measurement of financial measures Part 2: Decision Support for the creation Value drivers, cost drivers and value chain analysis Resource and cost concepts Income and expense relevance Distribution of costs and the cost centers Calculation of weight on ABC Part 3: From analysis to improvement Lean philosophy Multidimensional process analysis Computer-based tools Students are expected to use spreadsheets (e.g. Excel) when solving and submitting assignments. Students must use It's learning to submit mini-exercises. Learning process and workload The course consists of lectures, assignment reviews by the lecturer and self-tuition (reading the syllabus and doing exercises/assignments that are both mandatory and voluntary). Each student must hand in seven mandatory assignments. Throughout the course, the students shall discuss and solve a number of case–oriented business problems from the private and public sector. Recommended workload in 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). Required work (mandatory mini-exercises) There are 7 mandatory exercises during the semester, of which students must get approved 5. The mini-exercises are short, limited exercises that the students should be able to answer in about 1,5 hours if they have followed the recommended work schedule. If the students are not prepared, more time must be allowed. The mini-exercises are to be submitted through It's learning. A minimum level of performance is required for the exercises to be approved (e.g. a minimum number of questions must be correctly answered). Further information will be given in the lectures and through It's learning. The students will be allowed to take the tests repeatedly before the deadline of each test. Information about the time period for the tests to be taken, will be given in the lectures and through It's learning. Feedback to the students during the semester will be given in the following ways:
E-learning The e-learning platform It’s learning is used by the e-learning centre to administrate the mandatory exercises, and make students able to communicate with each other ant the Lecturer. Module sessions are carried out at the beginning of the semester and before exams. The e-learning students are also offered a study guide which is an educational guide to the syllabus. Recommended workload in hours:
Coursework requirements To obtain a grade in the course, the students must get approved five of the seven mini-exercises in order to sit for the exam. Se learning process and workload. Examination A five-hour written exam concludes the course, which counts for 100 % of the grade. Examination code(s) BØK 35411 - Written exam, counts for 100 % of the grade in the course BØK 3541. Examination support materials Interest tables and a BI-defined exam calculator are allowed. TEXAS INSTRUMENTS BA II Plus™ Examination support materials at written examinations are specifies under exam information in our web-based Student handbook. Please, note the use of calculator and dictionary. http://www.bi.edu/studenthandbook/examaids Re-sit examination Re-sit examination is offered every term. Students that have not get approved five of the mandatory seven mini-exercises must re-take the exercises in connection with the next scheduled course and must pass five of the eight submitted mini-exercises. 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 |
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