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2017/2018  KAN-CASCO1002U  Cost and Management Accounting

English Title
Cost and Management Accounting

Course information

Language English
Course ECTS 7.5 ECTS
Type Mandatory
Level Full Degree Master
Duration One Quarter
Start time of the course Autumn, First Quarter
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for MSc in Economics and Business Administration
Course coordinator
  • Carsten Rohde - Department of Accounting and Auditing (AA)
Main academic disciplines
  • Managerial economics
  • Accounting
  • Economics
Last updated on 30-05-2017

Relevant links

Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors: At the exam the students must be able to:
Understand the purpose and content of different cost and 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:
Exam ECTS 7,5
Examination form Oral exam
Individual or group exam Individual exam
Duration 20 min. per student, including examiners' discussion of grade, and informing plus explaining the grade
Preparation time With the listed preparation time: 20 Minutes
Grading scale 7-step scale
Examiner(s) Internal examiner and external examiner
Exam period Winter
Aids Open book: all written and electronic aids
The student is allowed to bring to the preparation room: Simple writing and drawing utensils, laptop/tablet as a reference book (NB: there are no electric outlets available), any calculator, books including translation dictionaries, compendiums, notes. PLEASE NOTE: Students are not allowed to communicate with others during the preparation time.
Make-up exam/re-exam
Same examination form as the ordinary exam
Description of the exam procedure

The list of exam questions will be handed out to the students before the exam. The students will draw one of the questions at the exam for preparation in 20 minutes. The examination will last approximately 15 minutes whereafter the student will leave the room. The voting  takes place and the student will receive the grade with a short motivation.

Course content and structure

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 cost and 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

Job order costing & process costing

Contribution margin accounting and analysis

Absorption Costing
Activity Based Costing and Management
Budgeting as a management procedure

Standardcosting and flexible budgeting
Pricing and intracompany transfers
The Balanced Scorecard as a measurement and management system

Teaching methods
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.
Feedback during the teaching period
During the class students receive feedback from the teachers and other students during the exercise and case discussions.
Student workload
preparation and participation in dialog lectures 66 hours
preparation and participation in exercises and cases 66 hours
preparation for exam 74 hours
Expected literature

Seal, W.; Rohde, C.; Garrisson, R.H.; Noreen, E.W. : Management Accounting. 5.ed., McGraw-Hill Education, 2015.



Last updated on 30-05-2017