Management Accounting (BRH110)

Management accounting is an introduction course for bachelor students. Topics covered are:

- Role of management functions

- Classification of costs

- Absorption costing and marginal costing

- Process costing

- Short term decision making

- Relevant costs, pricing, and decisions under uncertainty

- Budgeting

- Business strategy and management accounting

- Sustainability

Course description for study year 2024-2025. Please note that changes may occur.


Course code




Credits (ECTS)


Semester tution start


Number of semesters


Exam semester


Language of instruction

English, Norwegian


In any organization there is a need for economic management in more or lessdegree.The course provides students with a basic understanding of how to use economic models within different organizations to make decisions that increase economic benefit for the organization.

Learning outcome

After completing the course students are expected to have


  • Have knowledge of various forms of competition and optimal economic adjustment under the various forms of competition.
  • Have knowledge of management accounting
  • Have knowledge of economic decision models
  • Have knowledge of budget models


  • Have skills in setting up management accounts and associated analysis models
  • Have skills in setting up cost and profit models

General competence:

  • After completing this course should possess basic knowledge of financial management by service companies. Furthermore, one should be able to exchange views and experiences with economists, which is especially important in large corporations with centralized management functions.

Required prerequisite knowledge



Midterm gropu exam and Home exam

Form of assessment Weight Duration Marks Aid
Home exams 7/10 7 Hours Letter grades
Midterm group exam 3/10 1 Weeks Letter grades

Course teacher(s)

Course coordinator:

Terje Heskestad

Casual teacher:

Lars Atle Kjøde

Course coordinator:

Trude Furunes

Method of work

Lectures and group work.

Overlapping courses

Course Reduction (SP)
Management Accounting (BHO150_2) 10

Open for

Hotel Management - Bachelor's Degree Programme

Course assessment

There must be an early dialogue between the course supervisor, the student union representative and the students. The purpose is feedback from the students for changes and adjustments in the course for the current semester.In addition, a digital subject evaluation must be carried out at least every three years. Its purpose is to gather the students experiences with the course.


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