Undergraduate Programme and Module Handbook 2020-2021 (archived)
Module ACCT1031: Introduction to Management Accounting
Department: Accounting
ACCT1031:
Introduction to Management Accounting
Type |
Tied |
Level |
1 |
Credits |
20 |
Availability |
Available in 2020/21 |
Module Cap |
None. |
Location |
Durham
|
Tied to |
NN43 |
Tied to |
NN42 |
Tied to |
N302 |
Tied to |
N304 |
Tied to |
N204 |
Tied to |
N206 |
Tied to |
N305 |
Tied to |
N306 |
Tied to |
N307 |
Prerequisites
Corequisites
Excluded Combination of Modules
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
- An introduction to Management Accounting. The role of the management accountant; corporate goals; objectives of management
accounting in the organisational context.
- Classification of costs: Stock Valuation and Profit
Measurement; Cost concepts; Traditional costing approaches; Quantitative
costing techniques: cost estimation and prediction.
- Cost behaviour
- Material and Labour Costs
- Overhead Costs
- Absorption Costing and Variable Costing
- Job Costing
- Process costing
- Activity Based Costing (ABC)
- Short-term decision making including relevant costs
- Limiting factor analysis
- Pricing
decisions
- Cost-volume-profit (CVP) analysis
- Information for Planning and Control: Budgetary control and planning; flexible budgets; standard costing and variance analysis; budgeting models; Master and functional budgets.
Learning Outcomes
- 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.
- On completion of this module, students will be able to:
- calculate full and variable costs.
- 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.
- 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 takes place through attendance at, preparation for, and participation in lectures, seminars, directed study and independent 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 |
10 |
1 per week |
3 hours |
30 |
|
Seminars |
10 |
1 per week |
1 hour |
10 |
|
Revision Lecture |
2 |
2 in Term 3 |
1 hour |
2 |
|
Preparation, Reading and Independent Study |
|
|
|
158 |
|
Total |
|
|
|
200 |
|
Summative Assessment
Component: Examination |
Component Weighting: 100% |
Element |
Length / duration |
Element Weighting |
Resit Opportunity |
Examination |
2 hours |
100% |
Same |
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