The University of Southampton
Courses

MANG6026 Management Accounting 1

Module Overview

The principal aim of this module is to introduce you to a range of management accounting decision-making techniques. Specifically, you will be encouraged to appreciate the situations within which management accounting techniques work and their limitations.

Aims and Objectives

Module Aims

The principal aim of this module is to introduce you to a range of management accounting decision-making techniques. Specifically, you will be encouraged to appreciate the situations within which management accounting techniques work and their limitations.

Learning Outcomes

Knowledge and Understanding

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

  • Understand the essence of management accounting and its limits;
  • Understand the relevance of different management accounting approaches in different situations;
  • Appreciate and evaluate the role of estimates, standards (and the causes of variations from standard) and budgets in the management control process and be able to calculate the relevant figures;
  • Make rational long-term investment decisions based upon knowledge of the relevant appraisal techniques and critically evaluate such techniques.
Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

  • Appreciate the role of management accounting as a facet of organisational control;
  • Select, from the range of data available, those costs that are relevant to the present decision;
  • Both recognise that management accounting is a developing discipline, and provide a critical analysis of the significance of relevant developments;
  • Appreciate the strategic decision-making approaches by which organisations seek to ensure their future effectiveness.
Transferable and Generic Skills

Having successfully completed this module you will be able to:

  • written communication skills;
  • an ability to solve complex problems;
  • an ability to work effectively in teams.

Syllabus

Topics to be covered will include (although not necessarily be restricted to): - The Essence of Management Accounting - Relevant Costs and Cost Behaviour - Short-term decision making 1 - Absorption Costing & ABC - The Budgeting Process, Standard Costing and Variance Analysis - Long Term Decision Making

Learning and Teaching

Teaching and learning methods

Lectures and Class Sessions

TypeHours
Teaching32
Independent Study118
Total study time150

Resources & Reading list

Additional Reading. Appropriate additional reading will be recommended at relevant junctures and there may be some supplementary hand-outs and journal articles.

Colin Drury (2007). Management and Cost Accounting. 

Assessment

Formative

Problem solving

Summative

MethodPercentage contribution
Examination  (2 hours) 70%
Group Coursework  (2000 words) 30%

Repeat

MethodPercentage contribution
Examination  (2 hours) 100%

Referral

MethodPercentage contribution
Examination  (2 hours) 100%

Repeat Information

Repeat type: Internal & External

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 core/recommended 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.

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