1. Analyse and apply costs estimation techniques in business organisation contexts
2. Evaluate budgeting and control for management decision-making purposes.
3. Apply management accounting methods for decision making and planning within business organisation contexts
4. Apply and analyse appropriate management accounting techniques to support short-term decisions.

1. Computer based class Test (1 hour) (20%) (LO 1)
2. An exam length: 2 hours plus 10 minutes reading time. (80%) (LOs 2-4)

You will learn cost accounting for decision and control: Standard costing, Marginal costing, Absorption costing, Material mix and yield variances, Sales mix and quantity variances, Planning and operational, Variances, Performance analysis, Price and rate variances, Usage and efficiency variances, Interpretation of variances, Product and service costing using ABC, Advantages of ABC over other costing systems

Budgeting and control: Budgetary systems and types of Budgets, Quantitative analysis in budgeting, classification and allocate costs, Target setting and motivation, Controllable and uncontrollable outcomes, Dysfunctional behaviours in budgeting, Ethical considerations in budgeting Components and their interaction, Stress testing budgets, big data analytics and budgets, Alternative approaches to budgeting – beyond budgeting, Performance analysis, Planning and operational variances.

Short-term decision-making: Pricing decisions and different price strategies, Make or buy decisions, Discontinuation decisions limiting factors analysis in a scarce resource situation and select an appropriate technique, Cost volume profit analysis, Multi-product break-even analysis, Use of data and technology to analyse product mix decision Marginal and full cost recovery for pricing decisions, Differences in pricing and revenue maximisation for the short term and long term and Product mix, and learning curve.

Short term Risk and uncertainty: The techniques of Maximax, maximin, and minimax regret to decision-making problems including the production of profit tables, Stress testing, Sensitivity and what-if analysis, Probability distributions.

You will build on the skills you have learnt in your first year and focus on decision-making techniques such as multi-stage cost allocation, marginal and absorption costing, activity-based costing and variance analysis.

152 hours of student-centred activities involving reading, self-assessed exercises, case study analysis, feedback and revision.

48 hours of contact time will engage students with formal lectures/large group activity and workshops in which students will engage with a mix of lectures/tutorials/large and small group activities, including presentations and peer assessment and undertake formative assessment.

The increased contact hours above the University standard are to provide essential learning opportunities to gain the appropriate level of attainment for Professional Body exemptions.

The number of study hours for this module is 200 hours to meet the Professional Body accreditation requirements.

The lectures will provide the main advanced financial accounting themes, analysis of concepts and their application. This knowledge will be reinforced by the preparation and discussion of questions in the tutorials and by students self-directed study time. The latter will include visiting corporate websites to support the knowledge acquired.

Recommended text:
Seal, W., Rohde, C., Garrison, R, and Noreen, E., (2018) Management Accounting. 6th ed. McGraw-Hill International (UK) Ltd.
Weetman, P., (2015) Management Accounting. 7th edition, Prentice Hall.

The University Library and Learning Resources
Books and academic journals
The module VLE
Electronic databases
Learning support materials
IT facilities
Presentation facilities