Knowledge

The student...

has broad knowledge of management accounting tools and models
has knowledge of financial and non-financial performance measures and how to use these in a practical setting
has knowledge of traditional cost and management accounting models
has knowledge of new models gaining acceptance in the field of cost and management accounting

Skills

The student...

can allocate costs from departments to products
can cost products using traditional costing models and activity based costing
can use a variety of costing methods in manufacturing companies, service companies as well as in distribution
can use full cost and variable cost models
can set up standard costing methods
can set up flexible budgets and perform variance analysis
can explain how valuation of stocks affect profit and loss
can identify relevant costs for decision making
can set up budgets and use budgeting in practical management accounting problems

General competence

The student...

can write own spreadsheets for use in analysis of management accounting problems
can discuss new approaches to management accounting problems

Subject description 6002

Cost and Management Accounting