SMF1194F - Managerial Economics and Accounting


Examination arrangement

Examination arrangement: Written examination
Grade: Letters

Evaluation form Weighting Duration Examination aids Grade deviation
Written examination 100/100 4 hours D

Course content

Managerial accounting: - Introduction to managerial accounting - Costs and cost structures - Cost allocation - Costing - Short-term decision making - Cost-, volume-, profitanalysis - Introduction to management science - Pricing decisions - Long-term decisions Financial accounting: - Purpose and use of financial accounts - Double entry bookkeeping - Basic bookkeeping - Introduction to accrual accounting - Closing the books

Learning outcome

- Demonstrate a basic knowledge and skills in the economic activity of a company.
- Be able to carry out costs- and income calculations.
- Understand financial statements and perform an account analysis.
- Make product- and investment calculations, planning and budgeting.
- Find profitable solutions to economic problems within a company.

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 assignments before the lectures.

Compulsory assignments

  • Exercise 9
  • Exercise 10
  • Exercise 11
  • Exercise 12
  • Exercise 1
  • Exercise 2
  • Exercise 3
  • Exercise 4
  • Exercise 5
  • Exercise 6
  • Exercise 7
  • Exercise 8

Further on evaluation

There will be 12 mandatory assignments. Among assignment 1-4 three must be passed, and the same counts for assignment 5-8 and 9-12. hence, in total nine assignments must be passed in order to get access to the exam. Every assignment requires 80 % correct answers. Approved assignments from earlier years are valid until substantial changes are done with respect to course content. The assignments may either be given on individual or group basis. Information regarding this will be givens at course start. Supporting material allowed on exams: Approved calculator regarding NTNUs 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. Requires admission to study programme.

Specific conditions

Exam registration requires that class registration is approved in the same semester. Compulsory activities from previous semester may be approved by the department.

Admission to a programme of study is required:
Business Administration, part-time (BØKLED-F)

Course materials

Berg, Terje: Grunnleggende økonomistyring, 2. utgave, Cappelen Damm Akademisk (2018).

Kristoffersen, Trond: Årsregnskapet - en grunnleggende innføring, 6. utgave, Fagbokforlaget (2019), kap. 1 - 15.

Lecture notes, exercises and other published material, as well as presentations in the classroom are also to be regarded as course material.

Credit reductions

Course code Reduction From To
SMF1194 7.5
BØA1100 7.5 01.09.2019
AE101108 7.5 01.09.2019
More on the course



Version: 1
Credits:  7.5 SP
Study level: Foundation courses, level I


Term no.: 1
Teaching semester:  AUTUMN 2020

Language of instruction: -

Location: Gjøvik

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

Department with academic responsibility
Department of Industrial Economics and Technology Management



Examination arrangement: Written examination

Term Status code Evaluation form Weighting Examination aids Date Time Digital exam Room *
Autumn ORD Written examination 100/100 D INSPERA
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.

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

More on examinations at NTNU