Module ACCT2081: Management Accounting

Department: Accounting

ACCT2081: Management Accounting

Prerequisites

• ACCT1101 Fundamentals of Management Accounting OR ACCT1031 Introduction to Management Accounting

Corequisites

• None

Excluded Combination of Modules

• ACCT2051 Management Accounting

Aims

• The aim of this module is to build on the basic concepts of management accounting, found in the Level 1 modules, and develop understanding of major techniques in modern management accountancy.

Content

• Management information systems and data analytics
• Specialist cost and management accounting techniques
• Decision-making techniques
• Budgeting and control
• Performance measurement and control

Learning Outcomes

• On completion of this module students should be able to:
• Identify and discuss the management information - systems, the uses and controls over information and big data analytics used by organisations to manage and measure performance
• Explain and apply cost and management accounting techniques
• Select and appropriately apply decision making techniques to facilitate business decisions and promote efficient and effective use of scarce business resources, appreciating the risks and uncertainty inherent in business and controlling those risks, appreciating the risks and uncertainty inherent in business and controlling those risks.
• Identify and apply appropriate budgeting techniques, including quantitative techniques, and methods for planning and control, and use standard costing systems to measure and control business performance and to identify remedial action
• Assess the performance of organisations from both a financial and non-financial viewpoint, appreciating the problems of controlling divisionalised businesses and the importance of allowing for sustainability and external aspects

• On completion of this module students should be able to analyse financial and other information, and communicate this information to managers to help them make better decisions.

• Written Communication
• Planning and Organising
• Problem Solving

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

• Learning will be based on knowledge transfer from workshops and independent study; workshop activities and discussions will provide the technical awareness of topics in a comprehensive form, and enable students to develop appropriate skills and understanding of concepts.
• The formative assessment seeks to ensure basic technical outcomes are achieved early in the module to enable the development of more advanced skills in later sessions.
• Summative assessment consists of a timed invigilated examination which addresses the students' understanding of the key concepts introduced in the module.

Teaching Methods and Learning Hours

Summative Assessment

Formative Assessment:

Practice tests

■ Students who do not attend monitored activities shown under Teaching Methods and Learning Hours, or who fail to complete the summative or formative assessment(s) specified above, may be subject to the Academic Progress procedures defined in the University's General Regulation V, and may be required to leave the University.