The purpose of this module is to provide knowledge of the theory and practice of management accounting and risk management. It is important for CFO’s, controllers, auditors, and management accountants to understand and be able to make decisions upon companies’ financial position. Such decisions are best taken when management accounting information, such as cost allocation analyses, performance measurement, risk assessment, and customer, product and supplier profitability data, is available.
This module introduces the ways of producing information pertaining to management accounting issues, in some cases using an IT tool such as Excel, and also provides the skills to critically evaluate such information for decision-making.
The module will also provide the basics of risk management and its role in companies’ business environment, strategy, and management control systems. This involves the challenges, tools and the processes of risk management, alongside the compliance with regulations and standards, allowing the student to assess the risk factors that might be involved in choosing between different strategies and business models. It assists the student in understanding what is contained in the dynamics and technical applications of risk management.
The objective is that the student after the module possesses the necessary knowledge on:
The objective is that the student after the module possesses the necessary skills in:
The objective is that the student after the module possesses the necessary competences in:
For information see § 17.
|Name of exam||Management Accounting|
|Type of exam|
Written or oral examIndividual examination.
|Assessment||7-point grading scale|
|Type of grading||Internal examination|
|Criteria of assessment||The criteria of assessment are stated in the Examination Policies and Procedures|
|Danish title||Internt regnskab|
|Semester||Autumn and Spring
2 year: The module is placed in the fall.
4 year: The module is placed in the fall and the spring.
|Language of instruction||Danish and English|
|Location of the lecture||Campus Aalborg|
|Responsible for the module|
|Study Board||Study Board of Economics and Business Administration|
|Department||AAU Business School|
|Faculty||Faculty of Social Sciences and Humanities|