Cost Management in Energy Business
| Structure Type: | Study unit |
|---|---|
| Code: | IKTS4107 |
| Type: | Compulsory / Professional Studies |
| Curriculum: | KT 2014EM |
| Level: | Bachelor of Engineering |
| Year of Study: | 2 (2015-2016) |
| Credits: | 4 cr |
| Responsible Teacher: | Agbejule, Adebayo |
| Language of Instruction: | English |
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
56h scheduled studies
52 autonomous studies
Prerequisites / Recommended Optional Courses
Basic knowledge of entrepreneurship and business administration
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, 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.