AE511516 - Management Accounting


Examination arrangement

Examination arrangement: Portfolio assessment and home examination
Grade: Letters

Evaluation Weighting Duration Grade deviation Examination aids
Home examination 40/100 2 hours
Portfolio assessment 60/100

Course content

Management accounting - an overview
- Management accounting and decision making
- Balanced scorecards and strategy maps
- Costs, costing (absorption costing, activity based costing, TDABC, etc.) and profitability analyses (products, customers, etc.)
- Measuring and managing process performance (technologies, "lean", "just in time", "kaizen costing", etc.)
- Measuring and managing life-cycle costs ("target costing", life-cycle revenues, bechmarking, etc)
- Management accounting and control systems
- Budgets for planning and coordination
- Financial Control

Economic customer values - an introduction
- Customer profitability accounting (and other market oriented accounts)
- Customer profitability analysis
- Customer equity (customer life-time value)

Other topics:
- Costs of capital
- Pricing

Learning outcome

Learning outcome - Knowledge
- Be competent in terminology relating to this field of study.
- Have research-based knowledge regarding the inclusion of information of market and competitive relations with respect to management accounting models.
- Have in-depth knowledge regarding the subjects included in the topc list.

Learning outcome - Skills
- Be able to communicate problems, issues and analyses in the field, and draw conclusions
- Know how to use various management accounting tools when analyzing business problems.

Learning outcome - General competence
- Be able to address business problems that may arise by using the insight achieved in the course.
- Be able to communicate problems, issues and analyses to other business economists and other actors in the private and public sector.

Learning methods and activities

Teaching and Pedagogical methods:
Lectures, guest lectures, quizzes and discussions, tasks and exercises.
Students have the responsibility to come well prepared to class and participate actively in classroom discussions. Students should be prepared to discuss suggested assignment solutions in class.

Mandatory Activities:
Class attendance is mandatory. Students are expected to be present at every class including visiting speakers. Permission for absence for personal reasons may be granted. A student missing 20% of the course lectures (including external speakers) will fail the course.

The students may establish student groups. The groups can be organised at semester start by students themselves or lecturer.

Compulsory assignments

  • Mandatory assignments (4) and 80 % presence in lectures
  • Mandatory participation
  • Mandatory assignments

Further on evaluation

Portfolio assignments:

Both the home exam and the portfolio must be passed to pass the course.


No resit poosible for ongoing group assessment and individual home exam. Students who have legitimate reasons for an absence or have failed, must retake both exam elements

The deadline for the assignments in the portfolio is absolute (re-submission is not possible).


It is the student himself who should sign on attendance lists. Please note that signing up for other students can be considered cheating.


Approved caluculator and Dictionaries (English – own language, and own language – English) are allowed for all exams.

Specific conditions

Compulsory activities from previous semester may be approved by the department.

Admission to a programme of study is required:
Economics and Business Administration (ØAMSC)
Financial Economics (MFINØK)
International Business and Marketing (860MIB)

Required previous knowledge

As for the study program / Bachelor in Economics and Business Administration or equivalent international degree.

Course materials

Atkinson, Anthony A., Kaplan, Robert S., Matsumura, Ella Mae
Young, and S. Mark, Management Accounting: Information for Decision Making and Strategy Execution. Sixth Edition. Pearson Education Ltd., Harlow, England, 2012. ISBN-13: 978-1-292-16331-3. (ISBN 13: 978-0-273-76998-9.)

Relevant journal articles.

Credit reductions

Course code Reduction From To
AE512213 7.5 01.07.2018
More on the course



Version: 1
Credits:  7.5 SP
Study level: Second degree level


Term no.: 1
Teaching semester:  AUTUMN 2020

Language of instruction: English

Location: Ålesund

Subject area(s)
  • Economics and Administration
Contact information
Course coordinator:

Department with academic responsibility
Department of International Business


Examination arrangement: Portfolio assessment and home examination

Term Status code Evaluation Weighting Examination aids Date Time Digital exam Room *
Autumn ORD Portfolio assessment (1) 60/100





Room Building Number of candidates
Autumn ORD Home examination 40/100





Room Building Number of candidates
  • * The location (room) for a written examination is published 3 days before examination date. If more than one room is listed, you will find your room at Studentweb.
  • 1) Merk at eksamensform er endret som et smittevernstiltak i den pågående koronasituasjonen. Please note that the exam form has changed as a preentive measure in the ongoing corona situation.

For more information regarding registration for examination and examination procedures, see "Innsida - Exams"

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