Cost Management in Energy Business
| Structure Type: | Study unit |
|---|---|
| Code: | IKTS4109 |
| Type: | Compulsory / Professional Studies |
| Curriculum: | ET 2019 |
| Level: | Bachelor of Engineering |
| Year of Study: | 3 (2021-2022) |
| Semester: | Spring |
| Credits: | 5 cr |
| Responsible Teacher: | Agbejule, Adebayo |
| Language of Instruction: | English |
Courses During the Academic Year 2021-2022
| Impl. | Group(s) | Study Time | Teacher(s) | Language | Enrolment |
|---|---|---|---|---|---|
| 3003 | ET2019-3A, ET2019-3B, KT2019V-3B, MX2021-1 | 2022-01-01 – 2022-05-01 | Adebayo Agbejule | English | 2021-12-01 – 2022-01-10 |
Still need to take the course? See the courses during the academic year 2022-2023.
Learning Outcomes
This course will provide the student with an in depth understanding of conveying accounting information to decisions makers in the energy business.
Student's Workload
70h scheduled studies
65h autonomous studies
The assessment of student’s own learning 1 h is included in contact lessons.
Prerequisites / Recommended Optional Courses
Basic knowledge of entrepreneurship and business administration, and basics of renewable energy technology.
Contents
cost-volume-profit analysis, cost structure in wind, biomass and solar energy, budgeting, responsibility accounting, activity-based costing, balanced scorecard in the energy business, investment analysis, sources of financing renewable enery technology, pricing mechanisms and environmental accounting.
Recommended or Required Reading and Other Learning Resources/Tools
Management Accounting, 3rd Edition by Swain, Albretch, Stice and Stice plus Lecture notes, books and other supplementary materials.
Mode of Delivery / Planned Learning Activities and Teaching Methods
Lectures, assignments, team works and project work.
Assessment Criteria
1: The student is able, with guidance, to utilise the methods learnt during the study unit.
3: The student is able to utilise the methods learnt during the study unit independently.
5: The student is able to utilise the methods learnt during the study unit independently and is able apply the learnt knowledge in new contexts.
Assessment Methods
Active participation, team works, exams and project work.