Course Information Undergraduate prospectus

Management Accounting

Course summary

Course code: ACCO1095
Level: 5
Credits: 30
School: Business Faculty
Department: Accounting and Finance
Course Coordinator(s): Kevin Williams

Specification

Pre and co requisites

ACCO 1084

Aims

This course develops the costing techniques introduced at Level 4. It aims to allow students to understand how a wider range of accounting techniques may be used by management for the purposes of planning, control and decision making. This course will improve the students understanding of management accounting in an organisational setting. Therefore, students will not only be asked to demonstrate their ability to answer numeric questions but will also be asked to explain their solutions and methods. This course aims to bring management accounting techniques into a practical setting by requiring students to translate management accounting problems into Excel based models.

Learning outcomes

On successful completion of this course a student will be able to:

1. Evaluate how management accounting can be used for planning and control purposes.

2. Calculate, prepare and apply various costing, pricing and budgeting techniques.

3. Critically analyse management accounting from a theoretical and practical perspective.

4. Evaluate both short and long-term decisions using cost information.

5. Appreciate the impact on management information of using different costing systems and techniques. Incorporate considerations of risk and uncertainty into decision recommendations.

6. Perform a critical literature review and evaluate and analyse different research methodologies.

Indicative content

Theory of constraints
Customer profitability
Just in time
Throughput Accounting
Budgeting
Pricing
Cost estimation
Variance analysis
Process Costing
Capital Budgeting
Risk and uncertainty
Decision making
Management accounting essay

Teaching and learning activity

This course will be delivered by a combination of lectures and supporting seminars. Contact through lectures will provide a subject focus for the course. The lectures will stimulate an enquiring and exploratory approach to the study of the subject through guided analysis and reflection.

Seminars will involve student centred activities such as group discussions based on directed reading and set exercises. Each week students will be presented with exercises and case studies which they will be required to prepare for the following weeks’ seminar. The seminars will also provide a forum for considering questions and issues students raise as a result of their private study.

To facilitate and support independent learning, students will be provided with a reading list that will cover general background literature and more specialist and topical material drawn from the prescribed textbooks, journal articles and the financial and business press.

Assessment

Essay - 20% weighting, 40% pass mark, learning outcomes 1-6. Outline Details - A research based essay on a management accounting topic. 1500 words.

Excel Test - 20% weighting, 40% pass mark, learning outcome 2. Outline Details - Supervised Excel Lab test.

Exam - 60% weighting, 40% pass mark, learning outcomes 1-5. Outline Details - Supervised closed book exam.