Operational Accountancy and Budgeting 5003

Prerequisites

5010 Business Financial Analysis and Accounts

Course Objectives

The course will provide students with the basis to acquire and use internal information in managing a business, as well as providing an overview over and insight into the various operational accounting models, and will discuss various assessment issues related to these. Students will also learn the importance of understanding the relation between operational accounting and various budget types, as well as what kind of data from operational accounting is relevant in decision-making contexts. The course provides a general introduction and will be useful for all types of business.

Course Description

The following themes will be covered:
 Income and cost control
 Models for operational accounting and use of normal and standard costs
 Decision-relevant costs and income
 Costs distribution
 Activity-based calculations
 Calculation of relevant costs for correct pricing, product choice, purchasing/production, acceptance of additional orders, closure etc.
 Budgeting

Learning Methods

3-4 hours lectures per week in the spring semester.

Assessment Methods

Written examination, 4 hours.

Pensum