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2022/2023  KAN-CSCBO1094U  Financial and Managerial Accounting

English Title
Financial and Managerial Accounting

Course information

Language English
Course ECTS 7.5 ECTS
Type Mandatory (also offered as elective)
Level Full Degree Master
Duration One Quarter
Start time of the course Fourth Quarter
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)
  • Gareth Garvey - Department of Accounting (AA)
Main academic disciplines
  • Managerial economics
  • Organisational behaviour
  • Accounting
Teaching methods
  • Face-to-face teaching
Last updated on 09-02-2022

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.) and how these systems create value for the companies and their stakeholders.
  • 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 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 Spring
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
Same examination form as the ordinary exam
If the number of registered candidates for the make-up examination/re-take examination warrants that it may most appropriately be held as an oral examination, the programme office will inform the students that the make-up examination/re-take examination will be held as an oral examination instead.
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 cases are drawn from businesses across the creative industries to enable to student to apply the general analytical techniques and tools in the context of specific creative businesses. The students are encouraged to analyse the cases collaboratively and to deliver the assignments in groups.
Introductory Lectures and some other lectures are also made available in video format.
Feedback during the teaching period
Written feedback is given via Canvas on all assignment case questions submitted by the due dates. This can be supplemented with oral feedback, particularly for group submissions.
Student workload
Course activities (including preparation) 90 hours
Exam (including exam preparation) 116 hours
Expected literature

Please note that the literature list is guiding

Accounting for Managers - latest edition - Paul M Collier but older editions from the 3rd onwards can be used. 


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 09-02-2022