Management Accounting and Control in Service (5 cr)

Objectives (course unit)

The student is able to - explain the importance of cost accounting and budgeting for decision making - use key performance indicators in the service development context - analyse customer profitability - develop value-based pricing

Location and time

Online Zoom sessions:

Assessment methods and criteria

The final grade for this course is a weighted average of your assignments. The weights are: Individual assignments: 70% Team work: 30%

Assessment scale

H-5

Teaching methods

This course includes Zoom sessions, individual Excel assignments, and team work on a chosen topic.

Learning materials

Suggestions, Management Accounting books: Drury, Colin. Management and Cost Accounting Gowthorpe, Catherine. Management accounting Atrill, Peter. Accounting and finance for non-specialists. Find books on Management Accounting (not Financial Accounting). You need a basic book on management accounting for the orientation and module 1 assignments. Articles, videos and podcast links will be given when the course starts.

Student workload

5 ECTS = 135 hours of student work The course is divided into five modules. Estimated time required: 1. Orientation and Introduction to Management Accounting: 10 hours 2. Cost Accounting and Pricing (Excel assignments and discussion): 15 hours 3. Budgeting and Control (Excel budgets for case company): 35 hours 4. Essay: 40 hours 5. Team work, presentation, peer review: 35 hours

Content scheduling

1 Orientation, management accounting basics, info about the assignments on cost accounting and budgeting 2 Workshop Cost accounting 3 Workshop Budgeting 4 Team presentations

Further information

This accounting course is for students studying in different master's programmes. Students who have no background in accounting are also welcome. This course is about learning to "speak the language of accounting" which is the language of the management. You will learn to explain the importance of cost accounting and budgeting for decision making, and you will learn to make Excel budgets for a small company.You will learn about different key performance indicators in the service development context, how customer profitability can be analysed, and you will develop your skills in cost accounting and pricing.