Course content

The content covers basic financial and managerial accounting. The first part deals with financial accounting with analysis. Here, among other things, are discussed basic topics such as accounting principles as well as more special issues such as accruals, valuation, depreciation, deferred tax and accounting analysis. The second part deals with operating accounts. Topics discussed include, among others, the self-cost principle, the contribution margin principle, relevant costs, product mix and KRV analysis. The third part deals with budgeting with the performance budget, liquidity budget and balance sheet budget. Applications of methods and theory are demonstrated through relevant exercises.

Learning outcome

The course is designed as a K-emne for technology students who want an introduction to methods and models from financial accounting and cost accounting. The course conveys the following knowledge: General knowledge of financial accounting and analysis. Specific knowledge of accounting principles, accruals, valuation, depreciation, deferred tax and accounting analysis. General knowledge of financial management. Specific knowledge of the self-cost and contribution principle, relevant costs, performance budget, liquidity budget, balance sheet budget, cost/result/volume analysis and optimization of product mix. General knowledge of investment analysis. Specific knowledge of interest calculation, investment analyzes with tax, assessment of loans. The course will give the students skills in: - classifying the items in the profit and loss account and the balance sheet - accruals and valuation in the financial accounts - calculating depreciation and deferred tax/tax benefits - analyzing profitability, liquidity, solvency and financing - calculations within KRV analysis - optimizing product mix - to prepare a profit, balance sheet and liquidity budget - to calculate effective interest rates for various types of loans

Learning methods and activities

Lectures and mandatory exercises. Requirements will be announced at the beginning of the semester.

Compulsory assignments

• Approved exercises

Recommended previous knowledge

TIØ4252 Technology Management.

Course materials

Course material will be announced at the beginning of the semester.

Credit reductions