Management accounting I

• Introduction to managerial accounting
• Costs and cost structures
• Cost allocation
• Costing
• Short-term decision making
• Cost-volume-profit analysis
• Pricing decisions
• Activity-based Costing

Knowledge

Students should be able to explain key concepts and explain important methods used for managerial decision-making purposes. Examples of concepts that the students should be able to explain: Opportunity cost, sunk cost, decision-relevant costs, contribution margin, accruals. Examples of tools that the students should be able to explain: Contribution / Full cost / Activity-based costing, break-even, the balance equation.

Skills

After completing the course, students should be able to (a) apply acquired knowledge for analyzing and discussing managerial topics, (b) distinguish between relevant and irrelevant information, and (c) be able to communicate analyses performed. This means: 1) When the method is stated, be able to use the method 2) Based on simple as well as complex situation descriptions, be able to make logical assumptions about relevant information and connect this with the correct method and apply this correctly.

General competence

Students should be able to ask critical questions to, and reflect on, key assumptions and assumptions within the area. The course contributes to the beginning of thinking about how management accounting and control can contribute to developing sustainable business models. The course will also lay the first foundation for satisfying the expectations set by future employers with regard to work effort and capacity

Lectures, mandatory assignments and self-study. The main part of the learning is based on the students reading and doing exercises by themselves. The lectures are based on the fact that students have read the course material and worked with assisngments before the lecutres.