English   Danish

2012/2013  KAN-ASC_AS50  Cost and Management Accounting

English Title
Cost and Management Accounting

Course information

Language English
Exam ECTS 7.5 ECTS
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 - Department of Accounting and Auditing
Carsten Rohde
Main Category of the Course
  • Economics, macro economics and managerial economics
Last updated on 09-07-2012
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
Cost and Management Accounting:
Type of test Oral Exam
Marking scale 7-step scale
Second examiner External examiner
Exam period October
Aids Please, see the detailed regulations below
Duration 20 Minutes
Individual oral exam. The duration of the individual oral exam is 20 minutes (including assessment). There is 20 minutes preparation time. The exam will take place in October. Make-up/ re-exam takes place in November.
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.
Expected literature

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

Last updated on 09-07-2012