Introduction to Management Accounting
MODULE CODE
CREDIT VALUE
DELIVERY
Module Aims
Aim 1
To provide the student with an understanding of the basic theory, concepts and practices of Cost and Management Accounting, and to achieve sufficient understanding and competence to apply the principles and techniques of Cost and Management Accounting to straightforward decision-making problems.
Module Content
Including cost terms & concepts.
Cost accumulation for inventory valuation.
• Accounting for direct costs
• Cost assignment for indirect costs
• Process costing
• Joint and by-product costing systems
• Income effects of alternative cost accumulation systems.
Information for decision making.
• Cost-volume-profit analysis
• Cost estimation and cost behaviour
• Relevant costs and revenues for decision-making.
• Activity-based costing
Information for planning, control and performance measurement.
• The budgeting process
• Standard costing and variance analysis.
Capital investment appraisal.
• Payback
• Accounting rate of return
• Net present value.
Learning Outcomes
On successful completion of this module, a student will be able to:
Teaching Methods
The module is delivered by means of a weekly lecture / seminar followed by a workshop which will combine the theory and practice of the subject. In this way, students gain experience of the practical applications of the theory of financial accounting. Students are expected to complete pre-set exercises prior to each workshop.
Lecture slides, lecture notes and seminar questions are available to the students on the computer network. Students are given guided reading for each lecture and are required to develop the topic area by studying the lecture notes and required reading before attempting to prepare answers to the questions in the workshop. There are additional seminar support sessions, which are timetabled.
Assessment Methods
This module is assessed through two Written Exams (25% and 75%)
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Compulsory
