AE201306 Cost accounting and budgeting

AE101106 Introduction to business economics, AE101306 Financial accounting

The course shall enable students to provide and use management accounting in the purpose of managing a company and give overview and insight in different models of management accounting. It is important to discuss the evaluation problems regarding these models. It is also important to exercise the understanding of the connection between management accounting and different budgets as well as data from management accounting relevant and irrelevant for decisions.

*Income and cost control
*Models of cost accounting and the use of normal and standard cost
*Cost allocation *Relevant costs and revenue for deciscion making
*Relevant costs for pricing decisions, product-mix, make-or-buy decisions etc.
*Activity-based costing. Alternatives to traditional cost analysis
*The budgeting process
*Part budgets and main budgets *Decentralization and performance measurement

Lectures, group - and individual exercises. The learning management system Classfronter will be used to some extent in the exchange of information

1compulsory individual paper which have to be passed before sitting for the final exam. Cases and case-solutions must be brought to the final exam and shall be handed in together with the examination papers.

4 hours written individual exam. The cases and the case solutions of the compulsory paper must be brought to the final written exam and shall be handed in together with the examination papers. At the final exam the problems raised in the cases will also be tested.