INN200 Management Accounting

The course provides an introduction to basic management accounting.

The following topics are covered: Cost and cost behavior; Markets; Product costing, Cost allocation; Short term production decisions and trade-offs; Financial accounts; Time value of money; Capital budgeting.

Knowledge:

After completed course, the student should have knowledge on:

• basic topics, theories, methods, problems and tools within cost accounting.
• different types of costs
• the firm`s short term decision problems
• financial accounting
• time value of money
• different capital budgeting methods

Skills:

After completed course, the student should be able to:

• give an account of basic cost accounting terminology
• explain which factors affect the firm, both on the short and long term
• explain and calculate how changes in activity affects revenue, costs, and profits
• explain the relation between the balance sheet and profits
• explain the present value of money
• explain and conduct simple project analysis

General competence:

After completed course, the student

• masters cost accounting terminology
• can communicate central cost accounting theory.
• is able to use cost and income theory in decision-making