Management Accounting

BED5 Management Accounting

Autumn 2023

Spring 2024
  • Topics

    BED5 is an intermediate course in management accounting and control that builds on knowledge from several bachelor’s level courses, including BED1 Introduction to business administration, BED2 Financial accounting and SOL3 Organisational theory. It is also related to SOL4 Strategic management.

    The course focuses on how decisions and management control systems can increase value creation in different enterprises. The course is divided into two main parts covering the following topics:

    Part 1 Costing and decision-making

    • Estimation of cost functions
    • Allocation of revenues and costs
    • Different costing methods (full cost, ABC, contribution margin, target costing)
    • Use of costing information in pricing decisions
    • Use of costing information for other types of business decisions

    Part 2 Management control systems

    • Integrated corporate governance
    • Budget control
    • Organisational structure and management controls
    • Multidimensional non-financial performance measures (balanced scorecard, quality management)
    • Productivity measurement
    • Analyses of budget variance
    • Transfer pricing
    • Financial performance measurement

  • Learning outcome

    Learning outcomes - knowledge

    • Has thorough knowledge of how to estimate cost functions
    • Has thorough knowledge of costing systems for decision-making purposes
    • Has thorough knowledge of the different parts of a management control system
    • Has thorough knowledge of how productivity can be measured
    • Has knowledge of important financial and non-financial performance measures
    • Has thorough knowledge of transfer pricing systems

    Learning outcomes - skills

    • Can estimate cost functions
    • Can design and use costing systems for decision-making purposes
    • Can design a control package
    • Can measure and evaluate productivity
    • Can design and use a transfer pricing system

    Learning outcomes - general competence

    • Can communicate the above-mentioned elements relating to knowledge and skills
    • Can apply this insight to practical problems (cases)

  • Teaching

    Teaching will primarily take place in the form of ordinary lectures on campus, supplemented by assignments for submission, supervised group assignments, and individual supervision by student assistants.

  • Compulsory Activity

    Approved two of three assignments for submission.

  • Assessment

    Four-hour school written exam.

  • Grading Scale

    Grade scale A-F.

  • Computer tools


  • Literature

    Datar, S. M. og Rajan, M. V. (2021). Horngren's Cost Accounting - A Managerial Emphasis, Pearson.17. utgave


ECTS Credits
Teaching language

Spring. Will be offered spring 2023.

Course responsible

Associate professor Anita Meidell, RRR