The University of Southampton
Courses

MANG6026 Management Accounting 1

Module Overview

The principal aim of this module is to introduce you to a range of management accounting decision-making techniques. Specifically, you will be encouraged to appreciate the situations within which management accounting techniques work and their limitations.

Aims and Objectives

Module Aims

The principal aim of this module is to introduce you to a range of management accounting decision-making techniques. Specifically, you will be encouraged to appreciate the situations within which management accounting techniques work and their limitations.

Learning Outcomes

Knowledge and Understanding

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

  • Understand the essence of management accounting and its limits;
  • Understand the relevance of different management accounting approaches in different situations;
  • Appreciate and evaluate the role of estimates, standards (and the causes of variations from standard) and budgets in the management control process and be able to calculate the relevant figures;
  • Make rational long-term investment decisions based upon knowledge of the relevant appraisal techniques and critically evaluate such techniques.
Transferable and Generic Skills

Having successfully completed this module you will be able to:

  • written communication skills.
  • an ability to solve complex problems
  • an ability to work effectively in teams.
Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

  • Appreciate the role of management accounting as a facet of organisational control;
  • Select, from the range of data available, those costs that are relevant to the present decision;
  • Both recognise that management accounting is a developing discipline, and provide a critical analysis of the significance of relevant developments;
  • Appreciate the strategic decision-making approaches by which organisations seek to ensure their future effectiveness.

Syllabus

Topics to be covered will include (although not necessarily be restricted to): • The Essence of Management Accounting • Relevant Costs and Cost Behaviour • Short-term decision making 1 • Absorption Costing & ABC • The Budgeting Process, Standard Costing and Variance Analysis • Long Term Decision Making

Learning and Teaching

Teaching and learning methods

Lectures and Class Sessions

TypeHours
Independent Study118
Teaching32
Total study time150

Resources & Reading list

Colin Drury (2007). Management and Cost Accounting. 

Assessment

Formative

Set exercises - non-exam

Summative

MethodPercentage contribution
Examination  (2 hours) 70%
Group Assignment  (2000 words) 30%

Repeat

MethodPercentage contribution
Examination  (2 hours) 100%

Referral

MethodPercentage contribution
Examination  (2 hours) 100%
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