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2010/2011  KAN-ASC_AS50  Cost and Management Accounting

English Title
Cost and Management Accounting

Course Information

Language English
Point 7,5 ECTS (225 SAT)
Type Mandatory
Level Full Degree Master
Duration One Semester
Course Period Autumn
Time Table Please see course schedule at e-Campus
Study Board
Study Board for MSc in Economics and Business Administration
Course Coordinator
Carsten Rohde
Main Category of the Course
  • Economics, macro economics and managerial economics
Last updated on 29 maj 2012
Learning Objectives
At the exam the students must be able to:
Understand the purpose and content of different management accounting models and techniques
Be able to apply and use the techniques for different analysis, decision making and planning tasks
Analyze and evaluate the strengths and weaknesses of each model and technique used for different tasks
Marking Scale 7-step scale
Exam Period October
Individual oral exam. The exam is external, graded by a teacher and an external censor, cf. General Degree Regulation § 25, S. no.2. The exam will take place in October. Make-up/ re-exam takes place in November
Prerequisites for Attending the Exam
Course Content

Aim of the course
The purpose of the course is to offer the students the opportunity to develop a fundamental knowledge of financial management of a company. The focus is on how to design, implement and use different conventional as well as modern management accounting models and techniques for analysis, decision making and control purposes.

Financial and non financial data is a very important basis for evaluation of profits of different segments as well as evaluating and managing the efficiency of departments, people and processes in the organization. But it is also important as a basis for pricing decisions and planning purposes. The course put focus on how to capture financial and non-financial data as well as organize and use them for decision making and control. The course contains the following core elements
Revenue and Cost behavior
Contribution margin accounting and analysis
Activity Based Costing and Management
Target Costing, Kaizen Costing etc.
Value Based Management
The Balanced Scorecard as a measurement and management system
Budgeting/Activity Based Budgeting

Teaching Methods
Research and theory based dialog lectures are mixed with exercises and cases. The lectures provide the students with the necessary understanding of purpose and content of the techniques and what type of theory they are based on. Through the use of examples and cases from practice the students learn to apply theory and techniques for analysis, decision making and control purposes in practice.

Involvement of the students is an important part of the learning principle – this done through dialog, casework and presentations.

Development of individual and social skills (competencies)
Through dialog and presentations the student will develop their oral skills. Since cases are prepared and presented in teams the students will also develop cooperative skills.

Kaplan, R.S. & Atkinson, A. A.: Advanced Management Accounting. 3. ed. London: Prentice Hall Int., 1998.
Selected articles