Undergraduate Programme and Module Handbook 2021-2022 (archived)
Module ACCT2051: MANAGEMENT ACCOUNTING
Department: Accounting
ACCT2051: MANAGEMENT ACCOUNTING
| Type | Tied | Level | 2 | Credits | 20 | Availability | Available in 2021/22 | Module Cap | None. | Location | Durham |
|---|
| Tied to | NN43 |
|---|---|
| Tied to | N302 |
| Tied to | N304 |
| Tied to | NN42 |
| Tied to | N204 |
| Tied to | N206 |
Prerequisites
- Introduction to Management Accounting ACCT1031
Corequisites
- None.
Excluded Combination of Modules
- None.
Aims
- To further develop students understanding of management accounting techniques.
- To enable students to apply their management accounting knowledge to business scenarios and decision making.
- To ensure that students appreciate the theory underpinning management accounting practice.
- To allow students to critically evaluate the benefits and limitations of management accounting techniques.
- To enable students to be able to apply and interpret relevant calculations and ratios.
Content
- Relevant costs and benefits for decision making
- Cost volume profit analysis
- Full costing
- Costing and cost management
- Budgeting
- Accounting for control
- Making capital investment decisions
- Managing risk
- Performance evaluation
- Pricing
- Measuring divisional performance
- Managing working capital
- Technology and management accounting
- The future role of the management accountant
Learning Outcomes
Subject-specific Knowledge:
- On completion of the module students should be able to:
- Perform calculations using core management accounting techniques
- Choose appropriate techniques to analyse an organisations decision scenarios
- Demonstrate how financial and non-financial factors impact decision-making
- Present calculations and analysis clearly and logically
- Interpret data analysis and provide reasoned recommendations
- Produce management reports to summarise findings
Subject-specific Skills:
- On completion of the module students should be able to:
- Analyse financial and other information, and communicate this information to managers to help them make better decisions.
- Appreciate the theory underpinning management accounting practice.
- Critically evaluate the benefits and limitations of management accounting techniques.
Key Skills:
- Written Communication
- Planning and Organising
- Problem Solving
- Commercial acumen
Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module
- Workshops will summarise the management accounting techniques underpinning the course and enable students to apply this knowledge in simulate business scenarios.
- The formative assessment will be a practice test.
- The summative assessment consists of a written examination of three hours duration.
Teaching Methods and Learning Hours
| Activity | Number | Frequency | Duration | Total/Hours | |
|---|---|---|---|---|---|
| Workshops | 20 | Weekly | 2 hours | 40 | ■ |
| Revision Workshops | 2 | 1 per week in Term 3 | 2 hours | 4 | ■ |
| Preparation, Reading and Independent Study | 156 | ||||
| Total | 200 |
Summative Assessment
| Component: Examination | Component Weighting: 100% | ||
|---|---|---|---|
| Element | Length / duration | Element Weighting | Resit Opportunity |
| One written examination | 3 hours | 100% | Same |
Formative Assessment:
Practice test in each term
■ 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