Management Accounting

• ECTS credits: 15
• Responsible Faculty: Faculty of Technology and Maritime Sciences
• Semester: Spring
• Teaching Language: English
• Participants: Completion of second year bachelor in business or related fields
• Contact: Ms. Stine Bergman Olsson, email: stine.olsson@hive.no

Learning outcomes / Aim and objectives
Having successfully completed this course, the students should be able to:
•    Articulate and present financial statements and to make decisions based on them.
•    Determine the cost of maritime products using different costing methods.
•    Make profitable and appropriate investments decisions in the maritime industry.

Content / Outline Syllabus
This course consists of two sections, namely Business Analysis and Financial Analysis. The aforementioned section weighs two-third of the overall grade, whereas the latter section covers one-third of the overall grade.

Business Analysis (Bedriftsøkonomi analyse)
•    Accumulating and assigning cost to goods and services.
•    Using cost in decision-making.
•    Making capital investment decisions.

Financial Analysis (Regnskapsanalyse)
•    Preparation and presentation of financial statements.
•    Cash Flow Statement for decision making.
•    Accounting treatments for investments in other entities.

Learning activities / Work Methods / Teaching
•    Interaction through ordinary class teaching.
•    Assignments and group works.
•    Guest lectures and seminars.

Assessment /Method(s)
•    One group assignment that deals with practical issues in the maritime industry and this assignment counts 40% of the overall grade. In addition to the a fore mentioned assignment, two more compulsory assignments need to be submitted, but they have no impact on the overall grade.
•    A six hour school examination at the end of the semester that counts 60% of the overall grade.
•    Aid: Calculator and dictonary

Compulsary Work / Exercises
Two compulsory assignments need to be submitted before you can take the exam.