Excerpt from course description

Managerial Accounting and finance

Introduction

The aim of this first course in the field of managerial accounting is to give students basic elementary knowledge and skills, so that they can take part in discussions on managerial accounting problems, carry out simple managerial accounting analyses, make correct decisions in managerial accounting and communicate the results of the analyses in an understandable manner.

Course content

The course consists of the following three parts:

Part 1: Accounting and budgeting
The main financial statements (the income statement and the balance sheet)
How are financial statements prepared (basic registration techniques)?
How can financial statements be used (financial statement analysis)?
Budgeting and financial management
Preparation of the main budgets (income statement budgets, cash budgets and balance sheet budgets) and their relationships
 

Part 2: Cost and income analysis
Cost theory

Cost allocation
Cost accounting methods (contribution margin and full cost)

Cost- volume-profit analysis
Short-term decision problem areas
 

Part 3: Investment and financing
Introduction to finance calculator
Discounting and interest rate calculations
How can we measure the profitability of investment projects?

Cash-flow budgeting
How can we measure the costs of various financing alternatives?
 

Disclaimer

This is an excerpt from the complete course description for the course. If you are an active student at BI, you can find the complete course descriptions with information on eg. learning goals, learning process, curriculum and exam at portal.bi.no. We reserve the right to make changes to this description.