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Syllabus for

Academic year
LBT431 - Financial and management accounting  
Ekonomi- och verksamhetsstyrning
Syllabus adopted 2019-02-19 by Head of Programme (or corresponding)
Owner: MPDCM
7,5 Credits
Grading: TH - Five, Four, Three, Fail
Education cycle: Second-cycle
Major subject: Industrial Engineering and Management, Civil and Environmental Engineering

The course is full. For waiting list, please contact the director of studies:
Teaching language: English
Application code: 88111
Open for exchange students: No
Maximum participants: 70
Only students with the course round in the programme plan

Module   Credit distribution   Examination dates
Sp1 Sp2 Sp3 Sp4 Summer course No Sp
0107 Examination 7,5c Grading: TH   7,5c   16 Jan 2020 am M   06 Apr 2020 am DIST   27 Aug 2020 pm J

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Viktoria Sundquist

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LBT430   Financial Management


In order to be eligible for a second cycle course the applicant needs to fulfil the general and specific entry requirements of the programme that owns the course. (If the second cycle course is owned by a first cycle programme, second cycle entry requirements apply.)
Exemption from the eligibility requirement: Applicants enrolled in a programme at Chalmers where the course is included in the study programme are exempted from fulfilling these requirements.


The aim of the module is that the student shall have a good understanding of the role of financial and management accounting in an organization. The aim is also that the student shall have the ability to participate in a professional way in discussions concerning financial and management accounting issues, and have the ability to participate in a professional way in the financial control and governance in an organization.

Learning outcomes (after completion of the course the student should be able to)

  • Apply central issues in financial accounting and management accounting and how they are related to the management of projects and project based organizations
  • Synthesise the purpose of management control systems and how management control is implemented
  • Evaluate the differences between financial accounting and management accounting
  • Analyze the relation between the income statement, balance sheet and statement of cash flows
  • Estimate key-ratios and how they can be calculated
  • Synthesise how strategies can be implemented by means of traditional and modern management accounting tools
  • Appraise and justify the processes in which projects are selected and financed
  • Evaluate costs and budgets and apply earned value analysis


  • Financial and management accounting in decisions concerning resource allocation and performance evaluation product costing and cost control.
  • Management control
  • Investments and investment calculations
  • Financing
  • Income statement, balance sheet and cash flow
  • Financial targets and ratios
  • Cost allocation
  • Preparation of budgets
  • Earned Value Analysis


The course will be delivered through a mixture of lectures, exercises, seminars and interactive workshops. Lectures will be to used provide information on the different topics in the course. Lectures will also include case exercises accomplished in smaller groups. The case exercises should contribute to a deeper understanding of topics discussed in lectures. Exercises, seminars and workshops will focus on deepening students understanding by the application of methods and techniques discussed in lectures.


Accounting for Business, 2ed by Peter Scott, Oxford university press

Examination including compulsory elements

Examination includes two project assignments and one written examination. 

Page manager Published: Mon 28 Nov 2016.