| Learning objectives |
To achieve the grade 12, students
should meet the following learning objectives with no or only minor
mistakes or errors: After the course, the students should be able
to:
- Understand the role of managerial accounting in a modern
organization
- Understand the difference between different cost categories,
cost classifications made in the decision making, and prepare
income statements including calculations of goods sold
- Distinguish between process costing and job-order costing and
identify companies that use such methods, and perform related cost
calculations
- Compute the break-even point and in general analyse
cost-volume-profit relationships
- Understand and prepare budgets
- Understand and compute different performance measures,
understand how to construct and use balance scorecard
- Identify relevant and irrelevant costs and benefits in a
decision, prepare the “make or buy” analysis, analyse the use of
resources
- Evaluate investment projects
- Prepare cash-flow statements
- Interpret the financial statements, and perform a basic
financial statements analysis
|
| Examination |
|
Managerial
Accounting:
|
| Exam ECTS |
7,5 |
| Examination form |
Written sit-in exam |
| Individual or group exam |
Individual |
| Assignment type |
Written assignment |
| Duration |
4 hours |
| Grading scale |
7-step scale |
| Examiner(s) |
One internal examiner |
| Exam period |
Winter |
| Aids allowed to bring to the exam |
Limited aids, see the list below:
- Allowed dictionaries
- Allowed calculators
|
| Make-up exam/re-exam |
Same examination form as the ordinary exam
If the number of registered candidates for the make-up
examination/re-take examination warrants that it may most
appropriately be held as an oral examination, the programme office
will inform the students that the make-up examination/re-take
examination will be held as an oral examination
instead.
|
Description of the exam
procedure
Individual 4-hour written (closed book) exam. No
other written or technical aids are allowed at the exam,
except from certain calculators specified by the course
responsible) and dictionaries (financial dictionaries are not
allowed). Cf. The Regulations for written tests at CBS. The exam is
internal and the evaluation is made by one teacher alone.
The final exam date will be announced by the secretariat.
Students are allowed to bring only non-financial calculators to
the final exam!
Financial calculators are not allowed! For clarity here is some
examples of financial calculators that are not acceptable:
TI 83, 83 Plus, TI 84, 84 Plus, TI BA II plus are not
acceptable.
TI89 is not a financial calculator to start with, however it
allows the inserting of Financial Apps with the Apps function that
is inbuilt, thus it will also not be allowed in the exam despite
arguments whether students have or have not inserted
applications!
The pedagogic team expect students confer to the CBS code of
honor in this request!
|
|
| Course content and
structure |
|
Aim of the course
The main objective of this course is to introduce the students to
the role of managerial accounting information in the modern
enterprises. The course will provide the students with the
knowledge and skills that will enable them to collect, to analyze
and report information supporting the most important managerial
activities, i.e. the planning of future strategies and actions,
predicting the possible consequences of alternative actions,
controlling and measuring the implementation of these actions, as
well as identifying operational risks and situations where
corrective actions are needed. The students will learn how
management accounting supports the decision making and will get
acquainted with the financial and non-financial performance
measures that can be used to reach specific organizational goals.
Contents
The course relies on lectures, exercises and case-discussions of
different issues in the field managerial accounting. More
specifically, the topics include the analysis of costs and cost
behavior, standard and activity based-costing, break-even analysis,
planning and budget preparation, divisional performance
measurements but also some basic financial statement
analysis.
|
| Teaching methods |
The teaching mainly takes place in
large classes where theory will be presented and exercises will
serve as illustrations of it.
Constructive hindsight of management issues and argued solutions
are the expected outcome. |
| Expected literature |
|
Course e-book : HORNGREN’S ACCOUNTING
10TH EDITION GLOBAL EDITION
Optional literature:
Horngren. C. T., Sundem, G. L., Stratton, W. O., Burgstahler,
D., Schatzberg, J. 2013. INTRODUCTION TO MANAGEMENT ACCOUNTING
GLOBAL EDITION. 16th Edition, Prentice Hall.
|
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