Module ACCT1101: Fundamentals of Management Accounting

Department: Accounting

ACCT1101: Fundamentals of 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
• N408: Accounting
• N409: Accounting with Placement Year
• N410: Accounting with Study Abroad
• NN42: Accounting and Management
• NN43: Accounting and Finance

Pre-requisites

Corequisites

Excluded Combinations

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

• 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.

• 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.

• 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

Summative Assessment

Formative Assessment

Practice test