English   Danish

2019/2020  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
Start time of the course Spring
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for MSc in Social Sciences
Course coordinator
  • Gareth Garvey - Department of Accounting (AA)
Main academic disciplines
  • Managerial economics
  • Organisational behaviour
  • Accounting
Teaching methods
  • Face-to-face teaching
Last updated on 31-03-2020

Relevant links

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 Home assignment - written product
Individual or group exam Individual exam
Size of written product Max. 5 pages
maximum 5 pages written pages, plus maximum 2 pages containing supporting calculations.
Assignment type Written assignment
Duration 72 hours to prepare
Grading scale 7-point grading scale
Examiner(s) One internal examiner
Exam period Spring
Make-up exam/re-exam
Same examination form as the ordinary exam
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, structure and pedagogical approach

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.

Description of the 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.
Feedback during the teaching period
Written feedback is given via Learn on all assignment case questions submitted by the due date.
Student workload
Course activities (including preparation) 90 hours
Exam (including exam preparation) 116 hours
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 latest published

Egmont Foundation Annual Reports 2008 and 2009


Cases from earlier year's exams will be used in teaching and assignments



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 31-03-2020