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The University of Southampton

MANG1002 Management Accounting 1

Module Overview

• to introduce the main functions of management accounting systems; • to introduce the roles of management accountants in the context of for-profit-organisations; • to introduce the key traditional management accounting techniques.

Aims and Objectives

Module Aims

to provide an introduction to management accounting and the calculative techniques for analysing costs.

Learning Outcomes

Knowledge and Understanding

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

  • the basic management functions of planning, decision making and control and how these are related within a business activity;
  • the role and limitations of management accounting practices in the context of other information and control systems;
  • the benefits of budgeting.
Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

  • apply the main schemes of cost classification, costing methods, contribution analysis and simple capital investment appraisal;
  • evaluate the operation of a budgetary control process, and perform basic calculative analyses;
  • analyse the problem-solving and short-term decision-making aspects of management accounting using cost- volume-profit;
  • apply standard costing techniques;
  • analyse simple cases where management accounting may contribute to making judgements and decisions;
  • apply job costing and explain how it differs from process costing.
Transferable and Generic Skills

Having successfully completed this module you will be able to:

  • self-manage your time, communicate effectively, analyse and interpret numerical data.


• The nature and functions of management accounting. • Classification of costs. • Accounting for materials, labour, and overhead. • Cost accumulation systems: Job costing • Cost reporting under absorption and marginal costing, • Standard costing and variance analysis (Direct material, direct labour and fixed overheads). • Contribution and short-term decisions: CVP analysis • Investment appraisal methods. • Budgeting, budgetary control, cash budgets.

Learning and Teaching

Teaching and learning methods

Lectures, classes, online self-test exercises, reading.

Follow-up work11
Wider reading or practice94
Preparation for scheduled sessions11
Total study time150

Resources & Reading list

Seal, W., Garrison, R.H., Noreen, E.W. (2015). Management Accounting. 

Braun, K. W., & Tietz, W. M. (2015). Managerial Accounting. 

Brewer, P.C., Garrison, R.H., and Noreen, E.W. (2015). Introduction to Managerial Accounting. 

Weetman, P. (2016). Financial and Management Accounting: an introduction. 



Class discussions


MethodPercentage contribution
Examination  (2 hours) 70%
Examination 30%


MethodPercentage contribution
Examination  (2 hours) 100%


MethodPercentage contribution
Examination  (2 hours) 100%

Repeat Information

Repeat type: Internal & External

Linked modules

Pre-Requisites: MANG1001 or MANG1025


Costs associated with this module

Students are responsible for meeting the cost of essential textbooks, and of producing such essays, assignments, laboratory reports and dissertations as are required to fulfil the academic requirements for each programme of study.

In addition to this, students registered for this module typically also have to pay for:


Recommended texts for this module may be available in limited supply in the University Library and students may wish to purchase the mandatory/additional reading text as appropriate.

Please also ensure you read the section on additional costs in the University’s Fees, Charges and Expenses Regulations in the University Calendar available at

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