1. APPLY FORECASTING AND BUDGETING TECHNIQUES FOR DECISION MAKING, PLANNING AND CONTROL WITHIN THE ORGANISATION
Analysis
Application
Knowledge and Understanding
Learning
Problem Solving

2. ANALYSE THE WORKING CAPITAL POSITION OF A BUSINESS AND APPLY WORKING CAPITAL MANAGEMENT TECHNIQUES FOR DECISION MAKING, PLANNING AND CONTROL WITHIN THE ORGANISATION
Analysis
Application
Knowledge and Understanding
Learning
Problem Solving

Computer Based Exam, 1 hour, weighted at 100% (LO1 & LO2)


Assessment for British University Vietnam (BUV) students only:

Examination - A mid-term exam - 30%
Final exam - 70%

Management Accounting helps you handle financial information in a manner that will enhance the financial and operational performance of a business. It ensures that financial challenges are met and opportunities exploited. By using management accounting techniques you are able to adapt a business to the opportunities and constraints it may face.

In this module you will be introduced to the context of management accounting, cost identification and behaviour, planning within organisations, accounting control systems and decision-making.
You will then go onto study the purposes of forecasts, plans and budgets. This includes setting up a new budgetary system and considering the impact on staff in the business context. Traditional and contemporary budgeting techniques will be compared and evaluated - being able to chose the right technique and at the right time is particularly important to ensure a business is managed effectively and efficiently from day one.

When studied as part of the BA (Hons) Accounting and Finance or Two Year BA (Hons) Accounting and Finance, the successful completion of this module may contribute to an exemption from a professional accountancy qualification - for up to date information on accreditation and exemptions please contact the Course Leader

39 hours of student centred activities involving reading, self-assessed exercises, excel spreadsheets, case study analysis, feedback and revision.
26 hours of formal lectures/large group activity (13 x 2) and 13 hours of workshops (13 x 1) in which students will engage with a mix of lectures/tutorials/large and small group activities, benefit from visiting guest speakers and undertake formative tutorial and computer based assessment.
The module allows you to develop skills via activities - for example, you will be set tasks in which you will be required to prepare forecasts of financial results, calculate projected product/service volumes, calculate projected revenues/costs based on product/service volumes, pricing strategies and cost structures.
To enhance your employability and develop your confidence you will have the opportunity to present your own research, understanding and learning on a chosen area of the module in a friendly and informal setting. These presentations are usually accompanied with a PowerPoint presentation; however students have the opportunity to experiment with alternative presentation software.

Recommended: Seal, W. et al. (2015). Management Accounting. 5th Ed. London: McGraw & Hill- this text will also be used for the Management Accounting Techniques module at Level 5.

Other suggested texts that may be helpful:
PP CIMA CO1 Fundamentals of Management Accounting Study Text

BPP CIMA P1 Performance Operations Study Text

Weetman, P. (2015). Financial and Management Accounting. 7th Edition, Pearson

Module study guide and handbook
The University Library and Learning Resources - books and academic journals
The module VLE
Learning support materials and booklets
Internet
Microsoft Office Excel
Microsoft Office PowerPoint
Padlet and other digital feedback mechanisms
Computer based quizzes
Screencast
Directed video sources

All those who work for, or deal with businesses need to understand accounting. This module aims to look at the nature of accounting, exploring the main concepts underpinning management accounting. The main branches of cost accounting and decision making as well as cost minimisation and revenue maximisation are explored using a blend of theory and practice.