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
Linked modules
Pre-requisites: MANG1046
Aims and Objectives
Learning Outcomes
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;
- apply job costing and explain how it differs from process costing.
- apply standard costing techniques;
- analyse the problem-solving and short-term decision-making aspects of management accounting using cost- volume-profit;
- analyse simple cases where management accounting may contribute to making judgements and decisions;
- evaluate the operation of a budgetary control process, and perform basic calculative analyses;
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 benefits of budgeting.
- the role and limitations of management accounting practices in the context of other information and control systems;
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.
Syllabus
- 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.
Type | Hours |
---|---|
Follow-up work | 11 |
Wider reading or practice | 94 |
Preparation for scheduled sessions | 11 |
Seminar | 12 |
Lecture | 22 |
Total study time | 150 |
Resources & Reading list
Textbooks
Seal, W., Garrison, R.H., Noreen, E.W. (2015). Management Accounting. McGraw-Hill Higher Education.
Brewer, P.C., Garrison, R.H., and Noreen, E.W. (2015). Introduction to Managerial Accounting. FT Prentice Hall.
Weetman, P. (2016). Financial and Management Accounting: an introduction. FT Prentice Hall.
Braun, K. W., & Tietz, W. M. (2015). Managerial Accounting. Harlow: Pearson.
Assessment
Formative
This is how we’ll give you feedback as you are learning. It is not a formal test or exam.
Class discussionsSummative
This is how we’ll formally assess what you have learned in this module.
Method | Percentage contribution |
---|---|
Multiple choice Test | 30% |
Examination | 70% |
Referral
This is how we’ll assess you if you don’t meet the criteria to pass this module.
Method | Percentage contribution |
---|---|
Examination | 100% |
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.
Method | Percentage contribution |
---|---|
Examination | 100% |
Repeat Information
Repeat type: Internal & External