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2016/2017  KAN-CCMVI2039U  Managerial Accounting

English Title
Managerial Accounting

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 - Al Case, Associate Professor, Southern Oregon University, ac.acc@cbs.dk
    Sven Bislev - Department of Management, Society and Communication (MSC)
In case of any academic questions related to the course, please contact the course instructor or the academic director, Sven Bislev at sb.ikl@cbs.dk
Main academic disciplines
  • Management
  • 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:
  • Distinguish between financial and managerial accounting by learning the terms, concepts, classifications, and related information used by managers.
  • Recognize traditional and developing costing system designs for basic processes by studying both classic cost behavior patterns and emerging issues related to inventory management and quality control.
  • Understand budgets, including production, materials, overhead, cash, income, and position statements.
  • Comprehend the concepts and applications of material, labor and overhead variances from standard costs as included in managerial accounting reports.
  • Work alone, or with groups of others, to analyze cases in managerial accounting. Ultimately, logical conclusions that can be clearly presented should be the result.
  • See the positive impact that managerial accounting can have on decision making and cost control in all businesses (manufacturing, service, etc.).
Course prerequisites
Basic Financial Accounting
Examination
Managerial Accounting:
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

This course addresses the field of accounting that provides economic and financial information for managers and other internal users.

 

• Overview of management accounting
• Job order and process costing
• Activity-based costing
• Cost-volume-profit analysis
• Budgeting

 

Class 1: Managerial Accounting

Class 2: Job Order Costing

Class 3: Process Costing

Class 4: Activity-Based Costing

Class 5: Cost-Volume-Profit

Class 6: Cost-Volume-Profit Analysis: Additional Issues

feedback activity: cases and chapters quizzes with feedback

Class 7: Incremental Analysis

Class 8: Pricing

Class 9: Budgetary Planning

Class 10: Budgetary Control and Responsibility Accounting

Class 11: Standard Costs and Balanced Scorecard
Teaching methods
The course will be lecture and case based. However, accounting is best learned by doing rather than by just hearing. Students will work on in-class problems and cases from the textbook to practice and master the material. In addition to some in-class discussion of topics, articles, and cases, students will be expected to read the assigned material and work on the assigned cases outside of class.
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

Weygandt (2015). Managerial Accounting: Tools for Business Decision Making. 7th Edition. International Student Version. Wiley.
Last updated on 29/05/2017