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2021/2022  KAN-CIMMO1801U  Cost and Management Accounting

English Title
Cost and Management Accounting

Course information

Language English
Course ECTS 7.5 ECTS
Type Mandatory (also offered as elective)
Level Full Degree Master
Duration One Semester
Start time of the course Autumn
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for MSc in Economics and Business Administration
Course coordinator
  • Fatma Jemaa - Department of Accounting (AA)
Main academic disciplines
  • Accounting
  • Economics
Teaching methods
  • Blended learning
Last updated on 06-09-2021

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
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
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
The class will consist of half online and half in-house teaching.

Theory based 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.

The on-line elements helps to provide the student with "when you whish" possibilities for studying, extra exercises and feedback.
Feedback during the teaching period
During the course the students will have feedback from the lecturer through the topics and exercises discussed.

The students will during class have online quizzes and exercises available to facilitate
studying. These include feedback.

The main textbook has an electronic version with running check-questions that the student can use to control progress.
Student workload
preparation and participation in online lectures and exercises 76 hours
preparation and participation in in-house exercises and cases 76 hours
preparation for exam 54 hours
Expected literature

ISBN: 9781526893390, Management Accounting + CONNECT ACCESS. Authors: Carsten Rohde, Will Seal and other


Selected articles and cases.

Last updated on 06-09-2021