Undergraduate Programme and Module Handbook 2011-2012 (archived)
Module ECOS1151: Introduction to Management Accounting
Department: Business School (Economics and Finance) [Queen's Campus, Stockton]
ECOS1151: Introduction to Management Accounting
| Type | Tied | Level | 1 | Credits | 20 | Availability | Available in 2011/12 | Module Cap | None. | Location | Queen's Campus Stockton |
|---|
| Tied to | N420 |
|---|---|
| Tied to | NN43 |
Prerequisites
- None
Corequisites
- None
Excluded Combination of Modules
- None
Aims
- The aim of the module is to introduce the basic concepts of Management Accounting and to enable students to understand Management Accounting reports.
Content
- What is Management Accounting?
- Classification of costs
- Material and Labour Costs
- Overhead Costs
- Absorption Costing and Marginal Costing
- Job Costing
- Process costing
- Short-term decision making
- Relevant costs, pricing and decisions under uncertainty
- Capital Investment Decision
Learning Outcomes
Subject-specific Knowledge:
- On completion of this module, students will be able to:
- understand the relevance of accounting information in business decisions.
- understand basic management accounting concepts.
- understand the different cost classifications.
- understand the different costing systems.
- demonstrate the usage of management accounting information in short-term and long-term decisions.
Subject-specific Skills:
- On completion of this module, students will be able to:
- calculate full and marginal costs and uses of both by managers.
- understand ways in which management accounting information may be used in decision making.
- calculate relevant costs for decision making.
- calculate product price under different pricing approaches.
- demonstrate the different investment appraisals techniques.
Key Skills:
- Written communication
- Planning, Organisation and Time Management
- Problem Solving and Analysis
- Initiative by gaining access to relevant sources
- Computer literacy
- Self-management and demonstration of ability to sustain effort over an extended period.
Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module
- Learning will be facilitated by lectures, seminars and support for private study.
- The summative assessment, by examination, will test students’ understanding of the subject-matter and their ability to perform relevant calculations and techniques.
Teaching Methods and Learning Hours
| Activity | Number | Frequency | Duration | Total/Hours | |
|---|---|---|---|---|---|
| Lectures | 22 | Once per week | 1 hour | 22 | |
| Seminars | 8 | Once per fortnight | 1 hour | 8 | |
| Preparation, fieldwork and reading | 170 | 170 | |||
| Total | 200 |
Summative Assessment
| Component: Examination | Component Weighting: 70% | ||
|---|---|---|---|
| Element | Length / duration | Element Weighting | Resit Opportunity |
| Examination | 2 hours 15 minutes | 100% | |
| Component: Assignment | Component Weighting: 30% | ||
| Element | Length / duration | Element Weighting | Resit Opportunity |
| One written assignment | 1500 words max | 100% | |
Formative Assessment:
Computer-based multiple choice questions.
■ Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University