Module Descriptors
MANAGERIAL ACCOUNTING
ACCT50508
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: 72
Independent Study Hours: 228
Total Learning Hours: 300
Assessment
- EXAMINATION - UNSEEN IN EXAMINATION CONDITIONS weighted at 50%
- ASSIGNMENT weighted at 50%
Module Details
ASSESSMENT DETAILS
1.5 hour examination 50% at end of Semester 1 (Covers Learning Outcomes 3 and 4)
2000 word assignment 50% at the end of the module (Covers Learning Outcomes 1, 2, 3 and 5)
2000 word assignment 50% at the end of the module (Covers Learning Outcomes 1, 2, 3 and 5)
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.
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 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; cost 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.
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 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; cost 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 ORGANISATIONS CONTEXTS
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 MANAGERIAL DECISION-MAKING
Analysis
Communication
4. APPLY ACCOUNTING METHODS FOR PLANNING AND CONTROL WITHIN THE ORGANISATION
Application
Reflection
5. EFFECTIVELY COMMUNICATE COST AND REVENUE INFORMATION IN A DECISION MAKING CONTEXT.
Communication
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 MANAGERIAL DECISION-MAKING
Analysis
Communication
4. APPLY ACCOUNTING METHODS FOR PLANNING AND CONTROL WITHIN THE ORGANISATION
Application
Reflection
5. EFFECTIVELY COMMUNICATE COST AND REVENUE INFORMATION IN A DECISION MAKING CONTEXT.
Communication
LEARNING STRATEGIES
36 hours of tutor led activity
114 hours of student centred activities involving reading, self assessed
exercises, case study analysis, computer assisted learning, assignment work and revision
114 hours of student centred activities involving reading, self assessed
exercises, case study analysis, computer assisted learning, assignment work and revision
RESOURCES
Student Learning Support Kit
The University Library and learning resources
Electronic data bases such as EBSCO
The University Library and learning resources
Electronic data bases such as EBSCO
SPECIAL ADMISSIONS REQUIREMENTS
FOR INTERNATIONAL COLLABORATIVE PARTNERS ONLY.
Any Introduction to Accounting module or equivalent
Any Introduction to Accounting module or equivalent
TEXTS
BPP CIMA P1 Performance Operations Study Text (2011 syllabus)