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2022/2023  MA-MMBFO3001U  Accounting

English Title

Course information

Language English
Course ECTS 3 ECTS
Type Mandatory
Level Part Time Master
Duration One Quarter
Start time of the course Autumn
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for Full-Time MBA
Course coordinator
  • Jeppe Christoffersen - Department of Accounting (AA)
  • Morten Holm - Department of Accounting (AA)
Main academic disciplines
  • Management
  • Accounting
Teaching methods
  • Face-to-face teaching
Last updated on 13-06-2022

Relevant links

Learning objectives
By the end of the course you should be able to meet the following learning objectives related to external (bullet 1-4) and internal (bullet 5-8) financial accounts.
  • 1. Read and understand a financial statement (annual report)
  • 2. Conduct a profitability analysis using financial ratios
  • 3. Prepare pro forma (budgetted) statements (income statement, balance sheet and cash flow statement)
  • 4. Estimate firm values
  • 5. Demonstrate an ability to read, analyze and interpret management accounting reports
  • 6. Understand basic cost and profitability concepts
  • 7. Understand how to use management accounting models for decision making
  • 8. Understand how to use management accounting models for planning, budgeting and control
Exam ECTS 3
Examination form Written sit-in exam on CBS' computers
Individual or group exam Individual exam
Assignment type Written assignment
Duration 4 hours
Grading scale 7-point grading scale
Examiner(s) One internal examiner
Exam period Autumn
Aids Limited aids, see the list below:
The student is allowed to bring
  • USB key for uploading of notes, books and compendiums in a non-executable format (no applications, application fragments, IT tools etc.)
  • Any calculator
  • In Paper format: Books (including translation dictionaries), compendiums and notes
The student will have access to
  • Access to Canvas
  • Access to the personal drive (S-drive) on CBS´ network
  • Advanced IT application package
Make-up exam/re-exam Oral 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
Examiner(s): If it is an internal examination, there will be a second internal examiner at the re-exam. If it is an external examination, there will be an external examiner.
Aids: Limited aids, see the list below
The student is allowed to bring to the preparation room
  • Any calculator
  • In paper format: Books (including translation dictionaries), compendiums and notes
The student is also allowed to bring simple writing and drawing utensils (non-digital). Students are not allowed to communicate with others during the preparation time.
Course content, structure and pedagogical approach


This course consists of two sub-elements of accounting. One sub-element relates to external financial accounts and the analysis of these while the other relates to the internal management accounting for planning and decision-making.


Class preparation

The material for this course consists of one textbook with corresponding exercises/cases as well as supplementary readings. Additionally, supplementary video material has been developed to support the learning experience. Students are expected to be acquainted with the key concepts for discussion before each class.


Class participation

The lectures will be conducted in a dialogue manner. Issues and models will be discussed with high student involvement. Cases and exercises will take up the vast majority of the teaching time because accounting is an applied discipline that is best learned by doing.

A thorough analysis of the issues in the exercises/cases, and suggestions for their solution, will be expected. The participants’ job experience can often be a particularly useful source for adding to our mutual understanding, and is therefore most welcome!

Description of the teaching methods
The course incorporates a very high level of hands-on case solving and a high level of student participation is therefore expected. Moreover, the course consists of several blended learning elements such as video clips, quizzes and publishers’ online learning resources.
Feedback during the teaching period
In the classroom the interactive case discussion format allows for continuous feedback. The students are expected to attend class, be prepared and participate in the case discussions. Outside the classroom blended learning elements provide instant feedback for students when taking online quizzes or when engaging with other e-resources.
Student workload
Teaching 50 hours
Preparation 30 hours
Examination 30 hours
Expected literature

Expected literature



Plenborg, Petersen & Kinserdal (2017): Financial Statement Analysis:

Valuation - Credit analysis - Performance evaluation. Fagbokforlaget. ISBN13:

9788245021028. (Abbreviation : ‘PPK’)  



Seal W., Rohde C., Garrisson R.H., Noreen E.W. (2019): Management Accounting, Sixth Edition. McGraw-Hill Eduction. ISBN-13 9780077185534. ISBN-10 0077185536. (Abbreviation: ‘SRGN’)

Last updated on 13-06-2022