Introduction to Accounting, Management Accounting

Study Board of Business Economics

Teaching language: English
EKA: B220020402
Censorship: Second examiner: None
Grading: 7-point grading scale
Offered in: Soenderborg
Offered in: Autumn
Level: Bachelor

Course ID: B220020401
ECTS value: 5

Date of Approval: 12-02-2021

Duration: 1 semester

Course ID


Course Title

Introduction to Accounting, Management Accounting

Teaching language


ECTS value


Responsible study board

Study Board of Business Economics

Date of Approval


Course Responsible

Name Email Department
Hans Frimor Institut for Virksomhedsledelse og Økonomi, Accounting

Offered in




Offered in



1 semester

Recommended prerequisites

The course is building on parts of the courses in Microeconomics and in Entrepreneurship and Understanding Business.
Therefore a reasonable insight into the subjects covered in these courses is required.

Aim and purpose

Every organization needs some insight into the economic consequences of decisions made. The economic portrait of organizational units, business areas and the company as a whole is a central part of the information that is utilized when making business plans.  

In order to be able to use this information as well as make contributions to its creation in various situations the student needs to know the basic principles, models and methods that govern the structuring of a company’s accounting system. The area of management accounting focus on the part of accounting system that provides information to managers for planning and controlling. 

The educational training in the area of management accounting shall provide knowledge and competences so the graduate is able to be part of a firm’s cost accounting and economy functions, and can participate, at a qualified level, in central decisions involving cost accounting as a managerial tool for business strategy and implementations.


The course focuses on: the financial management of the firm (management accounting).

•Central themes are:
•Cost assessments for products and organizational units.  
•Planning and budgeting methods.
•Budget follow-ups and performance evaluation related to managerial accounting.

Description of outcome - Knowledge

To fulfill the purposes of the course the student must be able to:  
Demonstrate a basic knowledge about the course focus areas enabling them to: 
•Identify, describe and evaluate alternative accounting methods that might be used in specific cost accounting situations, also involving considerations about management incentives. 
•List and describe relevant concepts and definitions. 
•Explain and relate concepts and definitions to specific economic decision problems. 
•Relate the purposes and basic concepts of managerial accounting to the methods and procedures used in an accounting system. 

Description of outcome - Skills

Demonstrate skills, such that the student is able to: 
•Use simple methods to calculate product costs, costs of goods sold, and inventory values in job costing and process costing systems as well as other frequently used accounting systems such as Activity Based Costing systems. 
•Prepare a master budget and flexible budgets for a given period based upon known assumptions about resource consumption and business policies. 
•Calculate and analyze variances between actual and budgeted costs for a given period.   
•Utilize accounting based calculations in decisions on prices, product mix, processes and activities. 

Description of outcome - Competences

Demonstrate competences, such that the student is able to: 
•Choose a suitable accounting system for a firm with known characteristics. 
•Utilize various accounting calculations and statements for the internal management of the firm as a decentralized organization, including among other things budgeting, motivation, control and performance evaluation. 


• Horngren’s Cost Accounting – a managerial emphasis, Srikant M. Datar and Madhav V. Rajan, Pearson, latest edition

Teaching Method

Classes are organized such that the teacher during class hours will cover main subjects from the course. The student’s understanding of the principles and methods and their skills in using them is supported by TA classes in which possible solutions to exercises, problems and cases related to the subjects dealt with in the weekly classes are discussed. Therefore, students should prepare, preferably in groups, solutions to the exercises, problems and minor cases for the TA classes


Scheduled classes:
2 hours weekly classes for 15 weeks equally spread across the semester plus 2 hours student teacher’s assistant classes (TA classes) every second week.

Class hours: 30 hours.
Preparation for classes: 43 hours.
TA classes: 15 hours.
Preparation for TA classes: 22,5 hours.
Preparation for exams: 22,5 hours.
Exams: 2 hours.
Total: 135 hours.

Examination regulations





Exam: January.
Reexam: February.

If the course is taken as a supplementary course after admission to the master's programme (cand.merc.): 
In this case, the student must sit for and pass the exam in this course no later than 6 months after commencing their studies. There are two exam attempts: Ordinary exam and the re-exam following the ordinary exam.

Students taking the course as en elective have 3 exam attempts. 3rd exam attempt is offered in next following ordinary exam term.





Form of examination

Written in situ exam


Second examiner: None


7-point grading scale


Student Identification Card - Exam number




2 hour written exam.


No limit.

Examination aids

The exam paper may be written in Word or Excel and must be handed-in in PDF format. The Excel file used during the exam must be handed in as well. It is only allowed to work in Word, and in the retrieved Excel-template. The exam paper must be saved and handed-in in PDF format. It is not allowed to use other templates or programs on the computer; however, it is allowed to use the PC´s calculator.

It is allowed to bring exam aids in paper format and downloaded PDF books on own PC. It is allowed to bring and access self-produced notes in pdf format, lecture notes in pdf format and old assignments in pdf format. 

It is also allowed to bring a calculator. It is not allowed to bring, and/or use I-pads/tablets/smartphones.
It is not allowed to communicate with others inside or outside the examination room

Assignment handover

Assignment is handed out via Digital Exam and in the Examination room.

Assignment handin

Digital submission via "Digital Exam".

ECTS value


Additional information

Internet access is solely used to access Digital Exam in order to submit the exam paper, and to retrieve and download the Excel-template to be used for the exam. Any other use of the internet is not allowed during the exam. 

The exam consists of a number of problems/exercises intended to test, on a sample basis, the student’s understanding and skills in all subjects covered throughout the autumn.

A change in the examination form will be announced no later than 14 days prior to the re-exam.



External comment

NOTE - This course is identical with the former course 8211101 Introduction to Management Accounting (Supplementary).
Used examination attempts in the former identical course will be transferred.
Courses that are identical with former courses that are passed according to applied rules cannot be retaken.

Courses offered

Period Offer type Profile Programme Semester

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08 - 09
09 - 10
10 - 11
11 - 12
12 - 13
13 - 14
14 - 15
15 - 16
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