This module builds on your previous accounting experience by exploring fundamental aspects of cost and management accounting.

You will be introduced to cost classification, cost behaviour and cost estimation. You will then go on to study the costing treatment of materials and overheads, including stock valuation methods and quantitative models for planning and controlling stocks.

Various cost accounting methods and the circumstances in which their use is appropriate will be considered. This consists of overhead absorption costing and marginal costing, job and process costing and activity based costing.

Then you will examine issues of planning and decision-making, beginning with budgeting and budgetary control. This involves the types of budget and their purposes, preparation of budgets comprising incremental and ZBB approaches, flexed budgets and cash budgets. This leads on to the study of standard costing, variance analysis and reporting.

Short term decision-making involving the use of marginal costing and cost-volume-profit analysis is examined; costs and other information for pricing decisions. The module concludes with investment appraisal techniques, including discounted cash flow methods, relevant to long term planning and decision-making.

Details :- The 1.5 hour examination in Semester 1 assesses Learning Outcomes 1, 2 and 3.
The 1.5 hour examination in Semester 2 assesses Learning Outcomes 3 and 4

An Introduction to Accounting module or equivalent

Seal, W (2009) Management Accounting, 3rd edition. McGraw Hill. ISBN 13-978-0-07-712164-8

The University Library and learning resources
Electronic data bases such as EBSCO
The module website

48 hours of formal lectures/large group activities
24 hours of tutorials
228 hours of student centred activities involving reading, self assessed exercises, case study analysis, assignment work and revision.