Management Accounting and Control in Service

Course description

• 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 cabin rental business.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.
• This course includes Zoom sessions, individual Excel assignments, and team work on a chosen topic.
• This course is offered online in Zoom in spring 2024.

Prerequisites

This is a Master’s level course and only for Master’s level students.

Assessment criteria

The final grade for this course is a weighted average of your assignments. The weights are:

• Orientation: pass/fail
• Modules 1, 2 and 3 (Individual assignments): 40%
• Module 4 (Individual essay): 30%
• Module 5 (Team work): 30%

Course way of working and time table

Online Zoom-sessions, spring 2024

• 29.2. at 16.30-20.00 Orientation, management accounting basics, info about the assignments on cost accounting and budgeting
• 21.3. at 16.30-19.30 Workshop Cost accounting
• 16.4. at 16.30-19.30 Workshop Budgeting
• 23.4. at 16.30-19.30 Team presentations

Course info

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.

Course additional info

Students 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