Study Guide

Learning outcomes

During this practical hands-on course student becomes familiar with the essentials of management and cost accounting. After completion this course, student understands the role and function of management accounting in achieving the objectives of the organization and is able to provide management with valuable information for their decision making.

Implementation and methods of teaching

In this course, student will come familiar with the Management and Cost Accounting concepts and tools.The course is implemented through lectures, visitors, virtual studies, assignments and cases.

Timing and attendance

Course will take place between weeks 36 and 46. The course is held 100% online. Attending Zoom lectures is not mandatory, but active participation is recommended. The topic is important in future working life.

Learning material and recommended literature

All course material is available in the Moodle learning environment.

Voluntary readings:
- Drury, Colin: Management and cost accounting
- Bhimani, Alnoor, Horngren Charles, Sundem Gary, Stratton William, Burgstahler David, Schatzberg Jeff: Introduction to management accounting
- Braun Karen, Tietz Wendy, Harrison Walter: Managerial accounting
- Horngren, Charles: Cost accounting (many versions)
- Zimmerman, Jerold: Accounting for decision making and control
- Atkinson, Anthony: Management accounting
- Simons, Robert: Performance measurement & control systems for implementing strategy
- Belkaoui, Ahmed: Multinational management accounting etc.

Alternative completion methods

The course is conducted only according to the presented model.

Exam retakes

Extra exams will be organized in week 50/2020 and in week 2/2021. These exams include all the course material.

Learning environment

The learning environment is Moodle. In addition, we use modern tools related to the topic of the course.

Student time use and work load

This is a five-credit course, equivalent to 135 hours of student work.

Contents

The course contents is as follows:
1. Introduction to Management Accounting
2. Cost-Volume-Profit Analysis
3. Cost Accounting
4. Pricing
5. Cases

Additional information for students: previous knowledge etc.

Prerequisites: Financial accounting and business game

Assessment criteria

The course is evaluated on a scale of 1 to 5. You can get a total of 100 points from the course. In order to receive an approved grade for a course, you must a) receive 45% of the total points, ie a minimum of 45/100 points, and b) must pass the course exam satisfactorily. The grade for the course is calculated as follows: returned assignments 40% and exam 60%. The course exam and grade are calculated according to the following scoring:
- grade 5: 100,0-90,0 points
- grade 4: 89,0-78,0 points
- grade 3: 77,9-65,0 points
- grade 2: 64,9-55,0 points
- grade 1: 54,9-45,0 points
- failed: 44,9-0,0 points

Assessment scale

1-5

Failed (0)

Rejected (fail) grade is given when the student has not achieved the learning objectives of the course. Student does not understand the essentials of Management and Cost Accounting, is not able to show any learning outcomes in the exam and assignments.

Assessment criteria: level 1 (assessment scale 1–5)

Student understands the essentials of Management and Cost Accounting, is able to show some learning outcomes in the exam and assignments. The student is able to use some professional concepts consistently. The student needs support in completing the assignments.

Assessment criteria: level 3 (assessment scale 1–5)

Student has good knowledge about the basic concepts of Management and Cost Accounting, is able to show good learning outcomes in the exam and assignments. The student uses professional concepts fluently and extensively. The student still requires a little support in doing the assignments.

Assessment criteria: level 5 (assessment scale 1–5)

Student has excellent knowledge and understanding of the basic concepts of Management and Cost Accounting, is able to show excellent learning outcomes in the exam and assignments. The student can independently acquire new knowledge and use professional concepts expertly. The student performs the tasks independently.