Management Accounting


Content, progress and pedagogy of the module

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 not only introduces the ways of producing information pertaining to management accounting issues but 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.

Learning objectives


The objective is that the student after the module possesses the necessary knowledge on:

  • the relevant concepts of management accounting.
  • the various management accounting methods in cost, performance, and profitability analysis.
  • the tools and processes of risk management.


The objective is that the student after the module possesses the necessary skills in:

  • using management accounting information in decision-making.
  • carrying out cost, performance, and profitability analyses.
  • assessing risks related to the strategy, business model, and operations of companies.


The objective is that the student after the module possesses the necessary competences in:

  • choosing between and critically assessing the available accounting methods and frameworks for particular decision-making situations.
  • developing and designing the risk management procedures related to external and internal reporting.
  • conducting analyses (and assessments) of enterprise risk management.

Type of instruction

For information see § 17.



Name of examManagement Accounting
Type of exam
Written or oral exam
Individual examination.
Assessment7-point grading scale
Type of gradingInternal examination
Criteria of assessmentThe criteria of assessment are stated in the Examination Policies and Procedures

Facts about the module

Danish titleInternt regnskab
Module codeKAREV202114
Module typeCourse
Duration1 semester
SemesterAutumn 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 instructionDanish and English
Location of the lectureCampus Aalborg
Responsible for the module


Education ownerMaster of Science (MSc) in Business Economics and Auditing
Study BoardStudy Board of Economics and Business Administration
DepartmentAalborg University Business School
FacultyFaculty of Social Sciences and Humanities