Advanced Issues in Management Accounting

• ECTS credits: 10
• Responsible Faculty: Faculty of Technology and Maritime Sciences
• Semester: Fall
• Teaching Language: English
• Participants: Students who pursue bachelor education in business or related fields
• Prerequisite knowledge: Management Accounting or Cost Accounting
• Contact: Ms. Stine Bergman Olsson, email: stine.olsson@hive.no

Learning outcomes / Aim and objectives
After completion of this course the student shall be able to:
•    using financial accounting information to assess the performance and financial position of a firm through an awareness of strengths and weaknesses of such information.
•    analyze the relationships between accounting, organization and strategy, the course looks at accounting phenomena in their organizational and corporate contexts.
•    understand the theoretical / conceptual framework of different accounting reporting

Content / Outline Syllabus
Financial Accounting
•    The conceptual framework of financial reporting.
•    International Financial Reporting Standards (IFRS)
•    Central differences between Norwegian (NGAAP) and international (IAS/IFRS) accounting standards
•    Introduction to finance theory relevant to IFRS

Management control systems (Management Accounting)
•    Introduce how management accounting information is used in the design and operation of management control systems (MCS).
•    Provide insights into different systems of performance measurement and how to design systems appropriate to particular contexts.
•    Encourage the development of analytical skills that are useful for real-world management control problems.
•    Enable students to express and strengthen their understanding of the topics in in-depth case studies that will serve to demonstrate key concepts and issues.

Accounting Management (Managerial Accounting)
•    How to analyze financial statements.
•    How to make effective managerial, business, and operational decisions based on a thorough understanding of financial analyses.
•    Briefly how to identify costs, develop realistic budgets, forecast

Learning activities / Work Methods / Teaching
Lectures and assignments.

Assessment /Method(s)
Written, individual examination (5 hours).
Examination support material: Approved Calculator.
Compulsary Work / Exercises
Two written assignments.