APPLIES TO ACADEMIC YEAR 2016/2017 Norwegian version

BØK 3541 Managerial Accounting and Control

Responsible for the course
Tor Tangenes

Department
Department of Accounting - Auditing and Business Analytics

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:

• 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 basis for process and activity analyses.
• Cost relevance
• Activity-based costing.
• The lean philosophy and multi-dimensional process analysis.
• Value analysis, including revenue and cost relevance.

• 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 allocation and analysis of costs in an activity structure, including allocation of costs between departments and between activities, from activities to products and customers, and between used and unused capacity.
• The preparation and assessment of profitability analyses.