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2023/2024  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 cand.merc. and GMA (CM)
Course coordinator
  • Fatma Jemaa - Department of Accounting (AA)
Main academic disciplines
  • Accounting
  • Economics
Teaching methods
  • Blended learning
Last updated on 01-06-2023

Relevant links

Learning objectives
  • Understand the purpose and content of different cost and management accounting models and techniques
  • 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 fundamental knowledge of financial management in companies. 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 are at the core of performance evaluation and management in organizations i.e. profit measurement, efficient management of different departments, people and processes. It is also an important basis for pricing decisions and planning purposes. The course focuses on how to capture financial and non-financial data as well as organizing and using them for decision-making, planning and control. The course specifically addresses the following themes:


  • Cost classification and cost concepts
  • Variable Costing and Absorption Costing
  • Responsibility centers and profit reporting
  • Activity Based Costing
  • Customer Profitability Measurement 
  • Relevant costs for decision-making
  • Budgeting and budgets
  • Standard Costing and variance analysis
  • Pricing and transfer pricing
  • Performance measurement and management using financial and non financial data 


Description of the teaching methods
Theory-based lectures are illustrated with exercises, cases and guest lectures with professionals. 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.

The course material (reference book, exercises, cases) is also available online, which provides the students with "when you whish" possibilities for studying, extra guidance, exercises and feedback.

Development of oral skills (both individual and collective)
Students' involvement is an important part of the learning process – this is done through in-class participation as well as group work on exercises and cases.
Feedback during the teaching period
During the course, students get feedback from the lecturer through the topics and exercises discussed.

The main textbook also has an electronic version with running check-questions that the student can use to control progress.

Finally, students have online quizzes and exercises available to facilitate studying. These include feedback.
Student workload
Preparation and participation in lectures 76 hours
Preparation and participation in exercises and cases 76 hours
Preparation for exam 54 hours
Expected literature

Will Seal and colleagues (2018). Management Accounting. 6th edition. WITH ACCESS TO CONNECT. McGraw-Hill Education (UK). ISBN: 9780077185534.


Selected articles and cases.

Last updated on 01-06-2023