ØKB2101 Management Accounting

Course description for academic year 2019/2020

Contents and structure

Income and cost control, models for internal accounts including the use of normal and standard costing, cost distribution, decision-relevant costs and income, alternatives to traditional cost analysis including activity-based calculations, and budgeting.

Learning Outcome


The Student:

  • Is able to account for various principles for cost distribution, and product calculations.
  • Is familiar with  budget as a management tool, and can account for how budget processes are organized and carried out.
  •  Has acquired a good understanding of the cost concept and cost variation.


The Student :

  • Is able to develop pre and post calculations using the self-cost and contribution principles for firms in various business sectors, as well as using activity-based calculations.
  • Can perform cost, result, and volume analyses.
  • Can  perform traditional calculations based on the normal and standard costing methods, as well as make activity adjustments with flexible budgets.
  • Can conduct variance analyses, identify and explain the causes of variance, and suggest measures to implement.
  • Can identify costs and income relevant for decision making, and  solve various decision-making problems.
  • Can  conduct a basic analysis of optimal product choices in situations with limited resources.
  •  Can distribute costs to calculation objects based on their type using cost locations/activities.
  • Can set up budgets (result, liquidity, and balance budgets) based on the company\'s plans and activities for a given period, and see the connection between the company\'s various subordinate budgets.

General Competence

The Student :

  •  Has acquired and can use  internal management data to manage a company.
  • Knows  traditional and modern models for internal accounts and is able to discuss evaluation problems connected to these models.
  • Can discuss the basic prerequisites for and weaknesses within the activity-based method of calculation.

Entry requirements


Recommended previous knowledge

ØKB1110 Introduction to Business Economics and Accounting and ØKB1111 Financial accounting and analysis or similar

Teaching methods

Lectures, exercises

Course requirements

Yes (specified in the course plan in the semester start)


Written exam, 4 hrs, 100%

Grade scale A - F

Examination support material

Basic calculator

More about examination support material

Course reductions

  • BØ6-1003 (1) - Cost Accounting - Reduction: 7.5 studypoints
  • ØBO016 (1) - Operational Accounting - Reduction: 7.5 studypoints
  • SA051 (1) - Cost accounting - Reduction: 6 studypoints
  • ØKB015 (1) - Corporate Finance - Reduction: 6 studypoints
  • SA012 (1) - Cost accounting - Reduction: 6 studypoints
  • ØKB2001FORØK (1) - Management Accounting - Reduction: 7.5 studypoints
  • SA069 (1) - Corporate Finance - Reduction: 6 studypoints
  • ØKB2015 (1) - Financial Accounting Theory II - Reduction: 7.5 studypoints
  • ØKB2003 (1) - Financial Accounting Theory II - Reduction: 7.5 studypoints
  • ØKB002FOREØK (1) - Management Accounting - Reduction: 6 studypoints