Management Accounting 2

Learning Outcomes

Transferable and Generic Skills

Having successfully completed this module you will be able to:

• analyse and synthesise short case studies in management accounting.
• apply management accounting techniques in decision making;

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.

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 discuss the significance of non-financial management accounting information;
• critically evaluate the usefulness of specific management accounting techniques in organisations;
• critically discuss some technological developments that have impacted management accounting.

• 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).

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.

Resources & Reading list

Textbooks

Drury. C., and Tayles. M. (2021). Management and Cost Accounting. Cengage Learning EMEA.

W. Seal, R. Garrison and E. Noreen (2012). Management Accounting. McGraw-Hill.

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

Bhimani. A., Horngren. C.T., Datar. S., and Foster. G. (2011). Management and Cost Accounting. Financial Times/Prentice Hall.

Formative

This is how we’ll give you feedback as you are learning. It is not a formal test or exam.

Summative

This is how we’ll formally assess what you have learned in this module.

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

Repeat

An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.

Repeat Information

Repeat type: Internal & External