MANG2005 Management Accounting 2
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.
Aims and Objectives
Module Aims
to provide you with the opportunity to develop your knowledge and understanding of certain topics in the management accounting discipline from simple ideas to more elaborate aspects. Additionally, the module aims to provide you with the opportunity to develop your intellectual and transferable skills, where you will be able to demonstrate both the applicability and usefulness of particular practices and concepts in management accounting.
Learning Outcomes
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.
Subject Specific Intellectual and Research Skills
Having successfully completed this module you will be able to:
- analyse and conduct a detailed examination of specific aspects of management accounting;
- critically evaluate the usefulness of specific management accounting techniques in organisations;
- 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:
- apply management accounting techniques in decision making;
- analyse and synthesise short case studies in management accounting.
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 |
|---|---|
| Completion of assessment task | 26 |
| Seminar | 12 |
| Follow-up work | 22 |
| Preparation for scheduled sessions | 22 |
| Revision | 16 |
| Lecture | 22 |
| Wider reading or practice | 30 |
| Total study time | 150 |
Resources & Reading list
Merchant K. A. and Van der Stede W. A. (2012). Management Control System – Performance Measurement, Evaluation and Incentives.
A. Bhimani, Horngren C.T, S. Datar and G. Foster (2011). Management and Cost Accounting.
Colin Drury (2012). Management and Cost Accounting.
W. Seal, R. Garrison and E. Noreen (2012). Management Accounting.
Assessment
Formative
In-class activities
Summative
| Method | Percentage contribution |
|---|---|
| Examination (50 minutes) | 30% |
| Examination (2 hours) | 70% |
Repeat
| Method | Percentage contribution |
|---|---|
| Examination (2 hours) | 100% |
Referral
| Method | Percentage contribution |
|---|---|
| Examination (2 hours) | 100% |
Repeat Information
Repeat type: Internal & External
Linked modules
Pre-requisite MANG1002
Costs
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:
Textbooks
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 www.calendar.soton.ac.uk.