Module Descriptors
MANAGEMENT ACCOUNTING TECHNIQUES
ACCT50504
Key Facts
Digital, Technology, Innovation and Business
Level 5
30 credits
Contact
Leader: Karl Mccormack
Email: K.McCormack@staffs.ac.uk
Hours of Study
Scheduled Learning and Teaching Activities:
Independent Study Hours:
Total Learning Hours: 300
Assessment
- Examination weighted at 50%
- Examination weighted at 50%
Module Details
ASSESSMENT 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
The 1.5 hour examination in Semester 2 assesses Learning Outcomes 3 and 4
INDICATIVE CONTENT
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.
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.
LEARNING OUTCOMES
1. ANALYSE COSTS IN BUSINESS ORGANISATION CONTEXTS
ANALYSIS
KNOWLEDGE & UNDERSTANDING
2. APPLY COST ESTIMATION TECHNIQUES IN A RANGE OF BUSINESS SITUATIONS
APPLICATION
ENQUIRY
PROBLEM SOLVING
3. EVALUATE COST AND REVENUE INFORMATION AND COSTING METHODS FOR MANAGEMENT DECISION-MAKING
COMMUNICATION
REFLECTION
4. APPLY ACCOUNTING METHODS FOR DECISION MAKING, PLANNING AND CONTROL WITHIN THE ORGANISATION
APPLICATION
REFLECTION
ANALYSIS
KNOWLEDGE & UNDERSTANDING
2. APPLY COST ESTIMATION TECHNIQUES IN A RANGE OF BUSINESS SITUATIONS
APPLICATION
ENQUIRY
PROBLEM SOLVING
3. EVALUATE COST AND REVENUE INFORMATION AND COSTING METHODS FOR MANAGEMENT DECISION-MAKING
COMMUNICATION
REFLECTION
4. APPLY ACCOUNTING METHODS FOR DECISION MAKING, PLANNING AND CONTROL WITHIN THE ORGANISATION
APPLICATION
REFLECTION
RESOURCES
The University Library and learning resources
Electronic data bases such as EBSCO
The module website
Electronic data bases such as EBSCO
The module website
SPECIAL ADMISSIONS REQUIREMENTS
FOR INTERNATIONAL COLLABORATIVE PARTNERS ONLY
Must have studied an Introduction to Accounting module or equivalent
Must have studied an Introduction to Accounting module or equivalent
TEXTS
Seal, W (2012) Management Accounting, 4rd edition. McGraw Hill. ISBN 13-978-0-07-712989-7
Learning Strategies
The learning strategy for this module is based around students committing a total of 300 hours of activities towards achieving the learning outcomes. These will be split between 78 hours of direct contact with a tutor and 222 hours of directed, guided and self-study, together with preparation for and completion of the assessment tasks. Learning support material will be provided for the module.
The module will draw upon a mixture of activities including lectures, web-based activities, case study analysis, relevant videos and in-class discussions, individual and group problem solving and self-directed learning.
The module will draw upon a mixture of activities including lectures, web-based activities, case study analysis, relevant videos and in-class discussions, individual and group problem solving and self-directed learning.