AE201303 Cost accounting and budgeting

AE101102 Introduction to business economics

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
*Relevant costs and revenue for deciscion making
*Cost allocation
*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

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

2 compulsory papers 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.

The 2 compulsory papers count for 20% of the total grade. The cases and the case-solutions must be brought to a 2-hour final written exam and shall be handed in together with the examination papers. The final exam counts for 80% of the total grade. At the final exam the problems raised in the cases will also be tested. All the elements of the total grade must be passed.