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EXC 3442 Managerial Accounting - RE-SIT-EXAMINATION

EXC 3442 Managerial Accounting - RE-SIT-EXAMINATION

Course code: 
EXC 3442
Accounting and Operations Management
Course coordinator: 
Pål Berthling-Hansen
Course name in Norwegian: 
Managerial Accounting - RE-SIT-EXAMINATION
Product category: 
Bachelor - Common Courses
2024 Spring
Active status: 
Re-sit exam
Level of study: 
Resit exam semesters: 
2023 Autumn
2024 Spring
Resit exam info

The course was taught for the last time in spring 2023. A re-sit examination is offered in autumn 2023 and for the last time in spring 2024. There will be no requirement for approved work requirements to be able to take the re-sit examination when the course is phased out.

Teaching language: 
Course type: 
One semester

Managerial accounting is a fundamental course regarding internal management with theory, concepts and methods relating to use of information and design of systems to aid in planning, controlling, decision making, evaluating performance and reporting financial results to company leadership.

Learning outcomes - Knowledge

During the course, students should have acquired:

  • Knowledge of concepts within the management accounting discipline.
  • Understanding of the purpose of financial versus managerial accounting.
  • The model of cost-volume-profit analysis.
  • Broad understanding of how to define key cost categories, and how different ways of grouping costs can affect corporate decisions.
  • Knowledge of the concepts of the opportunity cost and sunk cost.
  • Knowledge of the distinction between job-order costing and process costing.  
  • The principles of cost-volume-profit analysis.
  • A deep understanding of how pricing decisions affect profitability.
Learning outcomes - Skills

After completing the course, students shall be able to:

  • Characterize costs and differentiate what costs should be included for a range of corporate decisions. 
  • Argue which costs and revenues are relevant to decision making.
  • Compute cost of goods manufactured, allocate costs, reconcile costs and produce total costs for products/activities/departments. 
  • Apply the theory of cost-volume-profit analysis to example problems.
  • Differentiate between absorption and variable costing and solve problems. 
  • Calculate standard costing variances and assess the root cause. 
  • Calculate the profit maximizing price, break-even point, and elasticity for various scenarios.
  • Justify capital investment decisions.
  • Create budgets and statements of profit and loss, balance sheets and cash flows for management’s analysis.
General Competence

Students must be capable of critical thinking to debate any specific assumptions underlying management accounting concepts used in their analysis. Students must be adept at combining knowledge and applied skills to solve complex problems.

Course content
  • Management accounting, planning, directing, and controlling
  • Comparison of financial and managerial accounting
  • Cost terms, concepts, and classifications
  • Cost behavior: analysis and use
  • Job order costing
  • Process costing
  • Cost-volume-profit relationships
  • Profit reporting under variable costing and absorption costing
  • Performance measurement
  • Relevant costs for decision making for adding and dropping product lines, make or buy decisions, special orders, pricing, and constrained resources
  • Profit planning and budgeting
  • Standard costs and variance analysis
  • Capital investment decisions
Teaching and learning activities

The course will include/entail a combination of active learning activities including mini-lectures, in class group exercises, and plenary tutorials to illustrate appropriate accounting resolutions. Excel will used during the course to solve exercises.

Required work (mandatory quizzes)
There are eight mandatory quizzes during the semester; students must earn approval on five of the quizzes in order to qualify to sit for the course exam. The quizzes 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. Students who have not adequately prepared must allow more time. Quizzes will be submitted through itslearning.

Students earn approval on the mandatory quizzes by achieving a minimum score of 50%. Quiz requirements will be discussed in class and information will be presented on itslearning. All quizzes will have a minimum of three attempts before the deadline. Quiz deadlines will be discussed during class time and published on itslearning.

Students that have not earned approval on five of the mandatory eight quizzes must retake the quizzes during the next scheduled course.

Feedback to the students will be given:

  1. In class and on itslearning.  Students will be told which assignments are to be completed for the next lecture on itslearning. The lecturer will review some of these assignments in class. Feedback will consist of the students comparing their solutions with the one lecturer explains.
  2. Scores and detailed solutions for the mandatory quizzes will be automatically available through itslearning.

Software tools

A basic understanding of and ability to use Excel spreadsheets is required. Please note: it is recommended that students use non-Mac operating system computers for the course.  Excel has more limited functionality on Mac platforms. 

Software tools
Software defined under the section "Teaching and learning activities".
Additional information

Re-sit examination
After the course has been phased out, there are no longer required to work requirements to take the re-sit exam.


Higher Education Entrance Qualification


Deviations in teaching and exams may occur if external conditions or unforeseen events call for this.

Required prerequisite knowledge

EXC3452 Financial Reporting and Analysis

Exam category: 
School Exam
Form of assessment: 
Written School Exam - digital
Exam/hand-in semester: 
First Semester
Support materials: 
  • All printed and handwritten support materials
  • BI-approved exam calculator
  • Simple calculator
  • Bilingual dictionary
4 Hour(s)
Exam code: 
Grading scale: 
Type of Assessment: 
Ordinary examination
Total weight: 
Student workload
40 Hour(s)
Prepare for teaching
60 Hour(s)
Preparation for lectures and plenary tutorials (approximately 1,5 hours per lecture hour)
15 Hour(s)
Mandatory 8 tests
85 Hour(s)
Exam incl. preparations
Sum workload: 

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.