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2014/2015  KAN-CSCBO1094U  Financial and Managerial Accounting

English Title
Financial and Managerial Accounting

Course information

Language English
Course ECTS 7.5 ECTS
Type Mandatory
Level Full Degree Master
Duration One Semester
Course period Spring
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for MSc of Social Science
Course coordinator
  • Gareth Garvey - Department of Innovation and Organizational Economics (INO)
Main academic disciplines
  • Financial and management accounting
  • Economic and organizational sociology
Last updated on 14-08-2014
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.
Financial and 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 Spring Term
Aids allowed to bring to the exam Limited aids, see the list below and the exam plan/guidelines for further information:
  • Books and compendia brought by the examinee
  • Notes brought by the examinee
  • Allowed calculators
  • Allowed dictionaries
Make-up exam/re-exam
Another examination form
The form of this exam may be changed for the make-up exam. If the number of registered participants for the make-up exam warrants it , the make-up exam may most appropriately be held as an oral exam (20 minutes).
Description of the exam procedure

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.

Course content and structure

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.
Expected literature

Please note that the litterature list is guiding

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

Last updated on 14-08-2014