Module ACCT2051: MANAGEMENT ACCOUNTING

Department: Accounting

ACCT2051: MANAGEMENT ACCOUNTING

Tied To

• N204: Accounting and Management with Placement Year
• N206: Accounting and Management with Study Abroad
• N302: Accounting and Finance with Placement Year
• N304: Accounting and Finance with Study Abroad
• NN42: Accounting and Management
• NN43: Accounting and Finance

Pre-requisites

Corequisites

Excluded Combinations

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

• 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

• 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.

• 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

Summative Assessment

Formative Assessment

Practice test in each term