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Cost Management in Energy Business

Structure Type: Study unit
Code: IKTS4109
Type: Compulsory / Optional obligatory / Professional Studies
Curriculum: ET 2019
KT 2019 / 2019V
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 TimeTeacher(s)LanguageEnrolment
3003ET2019-3A, ET2019-3B, KT2019V-3B, MX2021-12022-01-01 – 2022-05-01Adebayo AgbejuleEnglish2021-12-01 – 2022-01-10

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.


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.