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2019/2020  KAN-CCMVV1932U  Cost and Management Accounting

English Title
Cost and Management Accounting

Course information

Language English
Course ECTS 7.5 ECTS
Type Elective
Level Full Degree Master
Duration One Semester
Start time of the course Autumn
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
  • Carsten Rohde - Department of Accounting (AA)
Main academic disciplines
  • Accounting
  • Economics
Teaching methods
  • Face-to-face teaching
Last updated on 25-03-2019

Relevant links

Learning objectives
  • 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
Course prerequisites
This elective is a part of the minor in Accounting and Finance. Students have to sign up for the whole minor.

In order to sign up for the minor, students must have prerequisite skills in Accounting and Finance. A minimum of 7.5 ECTS in Accounting and a minimum of 7.5 ECTS in Corporate Finance - both at bachelor level – is required.

The minor is closed for students studying Cand.Merc. in one of the following concentrations: ASC, FSM, FIN, AEF, IMM and FIR.

Note that it is not possible to write a termpaper in this elective.
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-point grading scale
Examiner(s) Internal examiner and second internal 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. 

Course content, structure and pedagogical approach

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, planning and control. The course contains the following core elements:


  • Cost classification and cost concepts
  • Variable Costing and Absorption Costing
  • Activity Based Costing
  • Customer Profitability Measurement 
  • Pricing
  • Responsible centers and transfer pricing
  • Budgeting and Budgets
  • Standard Costing and variance analysis
  • Performance measurement and management using financial and non financial data 


Description of the 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.
Feedback during the teaching period
During the course the students will have feedback from the lecturer through the topics and exercises discussed.
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., Garrison, R.H. & Noreen E.W. “Management Accounting”, 6.ed. McGraw-Hill, 2019.


Selected articles and cases.

Last updated on 25-03-2019