Accounting for Management Control (5cr)

Objective

The objective of the course is to understand accounting based controls as part of the organizations management systems. The aim is to develop student’s competences in applying accounting methods in various managerial challenges.

Content

The course will cover:
- Budgeting process
- Budgeting exercises
- Cost accounting methods
- Cost accounting exercises

Assessment criteria, satisfactory (1)

The student has carried out the given assignments. The student recognizes basic concepts of management controlling and s/he is able to list different cost accounting methods. The student is able to prepare and explain the basic cost accounting calculations, like master and cash budgets, and differences between fixed and variable costs.

Assessment criteria, good (3)

The student has carried out the given assignments. The student recognizes different concepts of management controlling and s/he is able to select and apply different cost accounting methods. The student is able to prepare and explain the differences between different cost accounting calculations, like job order costing and process costing methods.

Assessment criteria, excellent (5)

The student has carried out the given assignments. The student recognizes advanced concepts of management controlling and s/he is able to select, apply and evaluate different cost accounting methods. The student is able to prepare, explain and critically evaluate the differences between different cost accounting techniques and management controlling methods, like activity based costing and management control packages.