Management Accounting 2 | MANG2005 | University of Southampton

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.

Linked modules

Pre-requisite MANG1002

Aims and Objectives

Learning Outcomes

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

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

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.

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.

Study time
Type	Hours
Follow-up work	22
Seminar	12
Revision	16
Completion of assessment task	26
Preparation for scheduled sessions	22
Wider reading or practice	30
Lecture	22
Total study time	150

Resources & Reading list

Textbooks

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

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

Colin Drury (2012). Management and Cost Accounting. Cengage Learning EMEA.

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

Assessment

Formative

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

In-class activities

Summative

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

Breakdown
Method	Percentage contribution
Multiple choice Test	30%
Written assessment	70%

Referral

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

Breakdown
Method	Percentage contribution
Written assessment	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.

Breakdown
Method	Percentage contribution
Written assessment	100%

Repeat Information

Repeat type: Internal & External