AE201906 Budgeting and performance measurement

Courses in Financial accounting and Introduction to business economics.

Provide knowledge in different models of company accounting and budgeting.
First we will focus on normal costing and calculations according to self- cost and contribution methods.
Next we will focus on the role of budgets and the types of budgets.

Students must learn to disciminate between relevant and irrelevant information for making desicions. Alternative courses of action need different information and desicion methods for making choices.

List of topics:

* Calculations and cost accounting (normal costing) according to self-cost and contribution method.
* The planning and budgeting process.The role and types of budgets
* Relevant information for different desicions situations
* Performance measures.
* Relevant cash flows and appraisal technics in different projects (investment and financing)

Lectures and exercises i groups.
The learning management system Classfronter will be used in the exchange of information.

One compulsory paper to be passes before sitting for the final exam. Spread Sheets are to be used in the solution process. Casetext and solution (each i one copy) must be brought to the final exam and shall be handed inn together with the examination papers.

Case text and solution ( each in one copy) must be brought to the 4- hour individual final written exam and must be handed in together with the examination papers. At this exam the topics listed above will be testes together with the problems raised in the case.

The same case and case solution is to be used at the resit exam