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 discuss the significance of non-financial management accounting information;
- 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 some technological developments that have impacted management accounting.
Transferable and Generic Skills
Having successfully completed this module you will be able to:
- apply management accounting techniques in decision making;
- analyse and synthesise short case studies in management accounting.
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.
| Type | Hours |
|---|---|
| Revision | 16 |
| Lecture | 22 |
| Preparation for scheduled sessions | 22 |
| Wider reading or practice | 30 |
| Completion of assessment task | 26 |
| Follow-up work | 22 |
| Seminar | 12 |
| Total study time | 150 |
Resources & Reading list
Textbooks
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.
Merchant K. A. and Van der Stede W. A. (2012). Management Control System – Performance Measurement, Evaluation and Incentives. Prentice Hall.
W. Seal, R. Garrison and E. Noreen (2012). Management Accounting. McGraw-Hill.
Assessment
Formative
Formative assessment description
In-class activitiesSummative
Summative assessment description
| Method | Percentage contribution |
|---|---|
| Written assessment | 70% |
| Multiple choice Test | 30% |
Referral
Referral assessment description
| Method | Percentage contribution |
|---|---|
| Written assessment | 100% |
Repeat
Repeat assessment description
| Method | Percentage contribution |
|---|---|
| Written assessment | 100% |
Repeat Information
Repeat type: Internal & External