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2016/2017  KAN-CCMVI2025U  Cost Analysis for Decision-Making

English Title
Cost Analysis for Decision-Making

Course information
Language English
Course ECTS 7.5 ECTS
Type Elective
Level Full Degree Master
Duration Summer
Start time of the course Summer
Timetable Course schedule will be posted at calendar.cbs.dk
Max. participants 80
Study board
Study Board for MSc in Economics and Business Administration
Course coordinator
  • Course instructor - Rafael Rogo, Assistant Professor of Accounting, Sauder School of Business/University of British Columbia, rlr.acc@cbs.dk
    Sven Bislev - Department of Management, Society and Communication (MSC)
Main academic disciplines
  • Accounting
  • Strategy
Last updated on 29/05/2017
Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors:
  • Explain the use of Cost-Volume-Profit analysis in decision making and how sensitivity analysis can help managers cope with uncertainty.
  • Distinguish between the traditional and the activity-based costing to designing a costing system
  • Demonstrate an ability to analyze and apply decision making techniques to various decision situations.
  • Determine the most profitable use of a constrained resource and the value of obtaining more of the constrained resource.
Course prerequisites
No prerequisites.
Examination
Cost analysis for decision-making:
Exam ECTS 7.5
Examination form Written sit-in exam
Individual or group exam Individual exam
Assignment type Written assignment
Duration 4 hours
Grading scale 7-step scale
Examiner(s) One internal examiner
Exam period Summer, Ordinary exam: End of July - beginning of August 2017.

Retake exam: End of September - beginning of October 2017.

3rd attempt (2nd retake) exam: End November - beginning of December 2017.

Exam schedule is available on http://www.cbs.dk/summer http:/​/​www.cbs.dk/​uddannelse/​summer-university-programme/​exam.
Aids allowed to bring to the exam Closed book: no aids
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.
4 hour written sit-in exam, new exam question.

Exam form for 3rd attempt (2nd retake): 72 hours home project assignment, max. 10 pages.
Course content and structure

Cost accounting can be an effective tool in providing information that is useful in predicting the possible consequences of alternative actions and in presenting a description of those consequences. This course will focus on how accounting can provide financial and nonfinancial information that will help the collective decision making throughout the organization.

 

Class 1: Preliminary Assignment (Cost Terms and Classifications)

Class 2: Cost Behavior

Class 3: Cost-Volume-Profit Analysis 

Class 4: The Concept of Sales Mix

Class 5: Activity Based Costing

Class 6: Activity Based Management / Review

feedback activity: Midterm exam

Class 7: Transfer pricing

Class 8: Outsourcing

Class 9: Adding/Dropping segments

Class 10: Joint Costs and Constrained Resources

Class 11: Comprehensive Review
Teaching methods
Lecture style and case discussions
Student workload
Preliminary assignment 10 hours
Classroom attendance 33 hours
Preparation 144 hours
Feedback activity 7 hours
Examination 12 hours
Further Information

Preliminary Assignment: To help students get maximum value from ISUP courses, instructors provide a reading or a small number of readings or video clips to be read or viewed before the start of classes with a related task scheduled for class 1 in order to 'jump-start' the learning process.

 

Feedback Activity: A feedback activity defined by the course instructor will take place approx. half-way through the course.

 

Course timetable is available on http://www.cbs.dk/uddannelse/summer-university-programme/courses.
Expected literature

Principles of Accounting http://www.principlesofaccounting.com/ 

(open source material).

 

Mini-cases based on journal/magazine articles.

 

 

Nice-to-have:

Weygandt, Kimmel, Kieso: Managerial Accounting: Tools for Business Decision Making. e-book (7th Edition/2015). Wiley

 

 
Last updated on 29/05/2017