Undergraduate Programme and Module Handbook 2023-2024 (archived)
Module ACCT1101: Fundamentals of Management Accounting
Department: Accounting
ACCT1101: Fundamentals of Management Accounting
| Type | Tied | Level | 1 | Credits | 20 | Availability | Available in 2023/24 | Module Cap | None. | Location | Durham |
|---|
| Tied to | N408 |
|---|---|
| Tied to | N409 |
| Tied to | NN43 |
| Tied to | N302 |
| Tied to | N304 |
| Tied to | NN42 |
| Tied to | N204 |
| Tied to | N206 |
Prerequisites
- None
Corequisites
- None
Excluded Combination of Modules
- None
Aims
- To enable students to understand, apply and critically appraise the fundamental knowledge and techniques that underpin management accounting.
Content
- The context of management accounting
- Costing
- Planning and control
- Decision making
Learning Outcomes
Subject-specific Knowledge:
- On completion of this module students should:
- Have knowledge of the costs associated with the production of products and provision of services.
- Have knowledge of different methods of budgeting.
- Have knowledge of different management decision-making techniques.
Subject-specific Skills:
- On completion of this module students should:
- Be able to select appropriate budgeting approaches and methods and prepare budgets.
- Be able to select appropriate performance measures and calculate differences between actual performance and standards or budgets.
- Be able to identify and calculate relevant data for use in management decision making.
Key Skills:
- Data handling and synthesis
- Problem solving and analysis
- Written communication
- Planning, organisation and time management
Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module
- Learning will be based on workshops which will use a variety of pedagogical approaches to enable knowledge transfer and practical skills development. This will be enhanced by independent study.
- Formative assessment is by means of a practice test.
- Summative assessment is by means of a timed, invigilated examination.
Teaching Methods and Learning Hours
| Activity | Number | Frequency | Duration | Total/Hours | |
|---|---|---|---|---|---|
| Workshops | 20 | 2 per week | 2 hours | 40 | ■ |
| Revision webinar | 1 | Once | 2 hours | 2 | |
| Preparation, Reading and Independent Study | 158 | ||||
| Total | 200 |
Summative Assessment
| Component: Examination | Component Weighting: 100% | ||
|---|---|---|---|
| Element | Length / duration | Element Weighting | Resit Opportunity |
| In-person Written Examination | 2 hours | 100% | same |
Formative Assessment:
Practice test
■ 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