The University of Southampton
Courses

MANG2005 Management Accounting 2

Module Overview

This module builds upon the foundations laid in the first year studies, principally from MANG1002 Management Accounting 1. Some of the topics covered in Management Accounting 1 will be revisited, but a significant amount of new learning material will be introduced. The module will also aim to provide a link to the higher-level topics covered in MANG3006 - Management Accounting 3, which some students will study in their final year. The intention is to demonstrate the progression of the management accounting discipline from simple ideas to more elaborate aspects, and along the way to demonstrate both the applicability and usefulness of particular practices and concepts in management accounting.

Aims and Objectives

Module Aims

This module aims to provide students with the opportunity to develop their knowledge and understanding of certain topics in the management accounting discipline from simple ideas to more elaborate aspects. Additionally, the module aims to provide students with the opportunity to develop their intellectual and transferable skills, where they will be able to demonstrate both the applicability and usefulness of particular practices and concepts in management accounting.

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

  • specific aspects of management accounting, and the ancillary skills to support those features within organisations.
Transferable and Generic Skills

Having successfully completed this module you will be able to:

  • application of management accounting techniques in decision making;
  • analysis and synthesis of short case studies in management accounting.
Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

  • analyse and conduct a detailed examination of specific aspects of management accounting;
  • critically evaluate the usefulness of specific management accounting techniques in organisations;
  • critically discuss the significance of non-financial management accounting information;
  • critically discuss some technological developments that have impacted management accounting.

Syllabus

• Traditional overhead allocation • Activity-based costing • Process costing (including estimation of costs of partially completed products/units); • Cost-Volume-Profit analysis (including multi-product situations and sensitivity analysis); • Relevant costs and revenues for decision making (combined scenarios and the implications of constraints, including the use of linear programming) • Standard costing, variance analysis (including mix and yield variances) • Budgeting (including master budget, flexible budgeting and behavioural aspects in budgeting) • Further aspects of investment appraisal (effects of unequal project lives, inflation and tax incentives).

Learning and Teaching

Teaching and learning methods

• Traditional style lectures will be used to outline the key area of the syllabus. • Classes will take place throughout the module to re-enforce the topics covered in the lectures.

TypeHours
Follow-up work22
Lecture22
Completion of assessment task26
Wider reading or practice30
Revision16
Seminar12
Preparation for scheduled sessions22
Total study time150

Resources & Reading list

W. Seal, R. Garrison and E. Noreen (2011). Management Accounting. 

Merchant K. A. and Van der Stede W. A. (2012). Management Control System – Performance Measurement, Evaluation and Incentives. 

A. Bhimani, Horngren C.T, S. Datar and G. Foster (2012). Management and Cost Accounting. 

Colin Drury (2012). Management and Cost Accounting. 

Assessment

Formative

Coursework

Summative

MethodPercentage contribution
Examination  (2 hours) 70%
Multiple choice Test  (50 minutes) 30%

Repeat

MethodPercentage contribution
Examination  (2 hours) 100%

Referral

MethodPercentage contribution
Examination  (2 hours) 100%

Linked modules

Pre-requisites

To study this module, you will need to have studied the following module(s):

CodeModule
MANG1002Management Accounting 1
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