Module Descriptors
MANAGEMENT ACCOUNTING TECHNIQUES (DISTED)
MKTG50251
Key Facts
Digital, Technology, Innovation and Business
Level 5
30 credits
Contact
Leader: Anne Harbisher
Email: A.Harbisher@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%
- EXAMINATION - UNSEEN IN EXAMINATION CONDITIONS weighted at 50%
Module Details
Module 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
Module 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.
Module Texts
Seal, W (2012) Management Accounting, 4rd edition. McGraw Hill. ISBN 13-978-0-07-712989-7
Module Additional Assessment Details
Details - 2 x 3hour examinations to take place in Semester 1 and Semester 2. Assessing all learning outcomes.
Module Special Admissions Requirements
An Introduction to Accounting module or equivalent
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.