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2010/2011  KAN-CBP_FMA  Financial and Managerial Accounting

English Title
Financial and Managerial Accounting

Course Information

Language English
Point 7,5 ECTS (225 SAT)
Type Mandatory
Level Full Degree Master
Duration One Semester
Course Period Spring
Time Table Please see course schedule at e-Campus
Study Board
Study Board for MSc of Social Science
Course Coordinator
  • Gareth Garvey - Department of Organization
Main Category of the Course
  • Economic and organizational sociology
  • Financial and management accounting
Last updated on 29 maj 2012
Learning Objectives
The aim of the course is to enable students to
  • Read, understand and interpret a financial accounting statement and the use of financial ratios. The student should be able to understand how the reporting might be affected by a particular (creative) business.
  • Understand the various elements of a management control system (role, scope, drawbacks, implementation etc.)
  • Understand the variety of cost concepts to be applied in a management control system
  • Analyze the nature of a business and outline main features of an appropriate control system.
4-hour written exam
Marking Scale 7-step scale
Exam Period May/June
The exam in this course consists of an individual 4-hour written exam, open book.

At the exam, the student must demonstrate a comprehensive knowledge and understanding of topics, theories, methods and models that have been dealt with during the course.
Prerequisites for Attending the Exam
Course Content

The course covers the basic models of financial accounting and management accounting. The course will give an understanding of the basic elements of the generic financial accounting model that all companies must abide to in any given country and subsequently deal with those issues that are of specific interest to ‘creative businesses’. The course will also deal with the management control system which oftentimes consists of a multitude of subsystems such as a cost management system, a budgeting system, a project control system, a cash flow system and a more general performance measurement system. Again the course will present the generic models and subsequently deal with how these systems are affected – in their implementation – by the ‘creative business’ context.

Teaching Methods
Teaching takes place mainly in large classes and consists of a mixture of dialog-based lectures, presentations, discussions and assignments/cases. The course includes a voluntary group home assignment.

Accounting for Managers - third edition - Paul M Collier Company Accounts, Analysis interpretation and understanding - Sixth edition, M Pendelbury & Roger Groves

Bang& Olufsen Annual Report 2009-10

Egmont Foundation Annual Reports 2008 and 2009

Transforming the balanced scorecard from Performance Measurement to Strategic Management -Robert S. Kaplan and David S. Norton. Accounting Horizons Volume 15 No1