Analyse the working capital position of a business and apply working capital management techniques for decision making, planning and control within the organisation

Analysis & Understanding



Understand the organisation ecosystem and elements of business models.

Knowledge & Understanding.

Analyse and evaluate various individual & business enterprises to meet stakeholder expectations

Analysis, Enquiry & Communication

1. On-line Test (45 mins) 20% (LO 2)

2. Written Exam (2 hours) plus 10 mins reading time (80%) (LOs 1, 2 & 3)

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 can adapt a business to the opportunities and constraints it may face.



In this module, you will be introduced to the context of management accounting. The nature, source and purpose of management information: Accounting for management, Sources of data, Cost classification, Presenting information.

Cost accounting techniques: Accounting for material, labour and overheads, Absorption and marginal costing, Cost accounting methods, and Alternative cost accounting principles.



The ecosystems of organisations: Markets and competition, Society and regulation, Concept of value and the business model, defining value, creating value, delivering value, Capturing and sharing value, Analyse digital business models and their related operating models.



The concepts of project leadership: Project objectives, Key stages of the project life cycle, Project control, Project structure, Roles of key project personnel, Managing project stakeholders, Project management tools and techniques, Project risk management tools

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. The module is aimed at giving you the skills and tools to measure the success of an organisation.

The learning strategy for the module requires students to commit 200 learning hours (including assessment) of which there will be 48 hours of tutor-led learning and 152 hours of independent and self-directed study.



Concepts, theories and principles will be explored, practised and demonstrated. Practical skills enhanced by recommended videos and talks. LinkedIn Learning will be used to direct self-study learning throughout the study block. Cognitive and personal skills developed in open-ended problem-solving exercises. Oral feedback will be given during sessions. The assessment will examine the wider learning outcomes expressed in the descriptor.



You will undertake ‘formative’ assessments during the module to help you monitor your learning and provide you and us with ongoing feedback on your progress, that helps you prepare for the ‘summative assessment(s) during or at the end of the module.



In-class sessions play a crucial role in the learning process, where formative assessments are essential for providing ongoing feedback to both students and the teaching team. Examples of formative assessments include quizzes, class exercises, draft submissions, and peer reviews, all of which help gauge students' understanding of the course material. These assessments enable instructors to identify areas where students may need additional support and adjust teaching strategies as needed. This practical implementation ensures that even in a remote learning environment, students receive the necessary support and preparation for their summative assessments.



Feedback and feedforward on this module in the dual award program would follow the steps implemented:

Cross-Institution Moderation: Implement a moderation process where a sample of feedback from both institutions is reviewed collaboratively. This allows for adjustments to be made to ensure that the quality and tone of feedback are aligned.

Structured Feedforward: Both institutions would follow a consistent approach to feedforward, providing clear, actionable advice on how students can improve in future assessments. This helps students apply feedback effectively across all their modules.

Recommended:

Seal, W. et al. 2018 Management Accounting. London: McGraw & Hill

Elliott, B. and Elliott, J., 2019. Financial accounting and reporting. Pearson Education.

Open Access Textbooks (free online):

Principles of Management. University of Minnesota Libraries Publishing (https://open.umn.edu/opentextbooks/BookDetail.aspx?bookId=34)

Warren, K. Building Strategy and Performance, Saylor Foundation Publishing, (https://open.umn.edu/opentextbooks/BookDetail.aspx?bookId=122)



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

Computer-based quizzes