Course - Management accounting I - AE101124
Management accounting I
New from the academic year 2025/2026
About
About the course
Course content
- Introduction to managerial accounting
- Costs and cost structures
- Cost allocation
- Costing
- Short-term decision making
- Cost-volume-profit analysis
- Pricing decisions
- Activity-based Costing
Learning outcome
Knowledge
Students should be able to explain key concepts and explain important methods used for managerial decision-making purposes. Examples of concepts that the students should be able to explain: Opportunity cost, sunk cost, decision-relevant costs, contribution margin, accruals. Examples of tools that the students should be able to explain: Contribution / Full cost / Activity-based costing, break-even, the balance equation.
Skills
After completing the course, students should be able to (a) apply acquired knowledge for analyzing and discussing managerial topics, (b) distinguish between relevant and irrelevant information, and (c) be able to communicate analyses performed. This means: 1) When the method is stated, be able to use the method 2) Based on simple as well as complex situation descriptions, be able to make logical assumptions about relevant information and connect this with the correct method and apply this correctly.
General competence
Students should be able to ask critical questions to, and reflect on, key assumptions and assumptions within the area. The course contributes to the beginning of thinking about how management accounting and control can contribute to developing sustainable business models. The course will also lay the first foundation for satisfying the expectations set by future employers with regard to work effort and capacity
Learning methods and activities
Lectures, mandatory assignments and self-study. The main part of the learning is based on the students reading and doing exercises by themselves. The lectures are based on the fact that students have read the course material and worked with assisngments before the lecutres.
Compulsory assignments
- Mandatory assignmenst
Further on evaluation
There will be two mid-terms and one final exam. The mid-terms accounts for 40% (20% each) of final grade, and the final exam accounts for 60%. Mid-terms must be passed in order to get access to the final exam. All parts must be passed in order to get a final grade in the course.
Supporting material allowed on mid-terms and final exam:
- Approved calculator in accordance with NTNU's support material code B-D "specific basic calculator".
- Other calculators that are allowed in the course are: Casio FC-100V and Texas Instruments - BAII Plus. Re-sit examination may be given as oral examination.
- Calculator is according to regulations for NTNU Business School.
- At the beginning of the semester, possible other supporting material will be announced.
There will be mandatory assignments. One must expect assignments on a weekly basis. The assignments may either be given on individual or group basis. Details regarding number of assignments, how many must be passed and details about the different assignments will be given at course start. Approved assignments from earlier years are valid until substantial changes are done with respect to course content.
No re-sit for the mid-terms, if you fail a mid-term you must take retake the whole course. There will be a 4 hrs re-sit exam, if you fail the final exam or have legit reason for absence.
Specific conditions
Admission to a programme of study is required:
Biomarine Innovation (298BMI)
Civil Engineering - Engineering (BIBYGG)
Computer Science - Engineering (BIDATA)
International Business Administration (BØKADIB)
Marketing, Innovation and Management (359ML)
Recommended previous knowledge
None.
Required previous knowledge
None.
Course materials
Berg, Terje: Grunnleggende økonomistyring, Latest edition.
In the bookkeeping part is the following book used: Bokføring og regnskapsforståelse by Berg og Sending, Latest edition.
Lecture notes, mandatory assignments and other published in the learning platform is also considered part of the curriculum. This goes also for what is said and done during organized activities.
Credit reductions
| Course code | Reduction | From |
|---|---|---|
| AE101108 | 7.5 sp | Autumn 2025 |
Subject areas
- Economics and Administration