Study Guide

Objective

The student:
- understands the place of Management accounting in an organisation, foremostly in the maritime sector.
- knows costing methods and processes for different types of organisations
- understands the requirements on the cost accounting systems used
- is able to prepare basic budgets and perform standard internal accounting calculations for management use within a company.

Content

- An introduction to management accounting
- Presentation and practicing different costing methods
- Differences in costing methods for different types of organisations
- What should a cost accounting system be like?
- Budgeting

Qualifications

No pre-requisites

Assessment criteria, satisfactory (1)

The student knows the role of management accounting in organisations and is familiar with different costing methods. Has handed in all assignments accordin to timelines and, if there are, taken part in presentations. (1)

The student knows the role of management accounting in organisations and is familiar with different costing methods. The student sees the connection between costing method and organisation type. The students has taken part in the course, assignment and potential group works and presentations (2)

Assessment criteria, good (3)

The student knows the role of management accounting in organisations and is familiar with different costing methods.
The student knows the role of management accounting in organisations and is familiar with different costing methods. The student sees the connection between costing method and organisation type.
The student is familiar with budgeting processes.
The student has taken actively part in all work.

Assessment criteria, excellent (5)

The student is able to use the above mentioned tools for the described processes (budgeting, costing methods etc) in order to make good decisions for different kinds of organisations, however foremostly in the maritime sector. Excellent activity in all things in the course.

Materials

The lecturer provides the material for the course.
Student find necessary materials for assignments and presentations.