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2023/2024  KAN-CACAO1002U  Cost and Management Accounting

English Title
Cost and Management Accounting

Course information

Language English
Course ECTS 7.5 ECTS
Type Mandatory
Level Full Degree Master
Duration One Quarter
Start time of the course Autumn, First Quarter
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for cand.merc. and CACA (CACA)
Course coordinator
  • Carsten Rohde - Department of Accounting (AA)
Main academic disciplines
  • Managerial economics
  • Accounting
  • Economics
Teaching methods
  • Blended learning
Last updated on 02-06-2023

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
Prerequisites for registering for the exam (activities during the teaching period)
Number of compulsory activities which must be approved (see section 13 of the Programme Regulations): 1
Compulsory home assignments
The student must get 1 out of 2 multiple choice assignments approved in order to attend the ordinary exam.
The compulsory activities are 2 individual multiple choice assignments.

Students will not have extra opportunities to get the required number of compulsory activities approved prior to the ordinary exam. If a student has not received approval of the required number of compulsory activities or has been ill, the student cannot participate in the ordinary exam.
If a student prior to the retake is still missing approval for the required number of compulsory activities and meets the pre-conditions set out in the program regulations, an extra assignment is possible.
The extra assignment is a 10 page home assignment that will cover the required number of compulsory activities. If approved, the student will be able to attend retake.
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 external 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. This can include solving a small case/exercise which is not known in advance.

Course content, structure and pedagogical approach

Aim of the course
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 puts focus on how to capture financial and non-financial data as well as organize and use them for decision making and control. The course contains the following core elements
Revenue and Cost behavior

Job order costing & process costing

Contribution margin accounting and analysis

Absorption Costing
Activity Based Costing and Management including TDABC

Customer profitability analysis
Budgeting as a management procedure

Standard costing and flexible budgeting
Inclusion of non-financial KPIs - exemplified through The Balanced Scorecard as a measurement and management system

Application of non-financial KPIs in managing sustainability.

Description of the teaching methods
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 is done through dialog, casework and presentations.

In house teaching:
Development of individual and social skills (competencies)
Through dialogue the students will develop their oral skills and get feedback.

Online teaching
Part off the course is done through online elements in the form of lectures, quizzes and exercises etc. Some of these elements improves individual feedback.
Feedback during the teaching period
During the class students receive feedback from the teachers and other students during the exercise and case discussions.

The students get feedback from the online quizzes and exercises, including the mandatory assignment.

There are quizzes and online exercises for all chapters in the main textbook. The main text book also features a "test as you read" format that the students can use to check progress
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

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



Last updated on 02-06-2023