Description
Introduction to Management Accounting
Module title | Introduction to Management Accounting |
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Module code | INT1009 |
Academic year | 2018/9 |
Credits | 15 |
Module staff | Corinne Tuck (Convenor) |
Duration: Term | 1 | 2 | 3 |
---|---|---|---|
Duration: Weeks | 12 | 0 | 0 |
Number students taking module (anticipated) | 150 |
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Description - summary of the module content
Module description
Management accounting is an important tool for decision making within an organisation. This module illustrates the application of accounting techniques through the use of case studies and real life examples. This module is designed for those who want to study an accounting degree. At the end of this course students will have a good understanding of the basic techniques of management accounting and their application along with an understanding of both the qualitive and quantitative aspects of internal business decision making.
This module is the equivalent of BEA 1009.
Module aims - intentions of the module
This module aims to provide students with a good understanding of the key topics covered in management accounting. The numerical and technical information given is not too complex, which will allow students to apply the techniques and skills learnt more easily.
Intended Learning Outcomes (ILOs)
ILO: Module-specific skills
On successfully completing the module you will be able to...
- 1. Describe the purpose and role of cost management accounting
- 2. Identify different cost behaviours and costing systems
- 3. Apply the different techniques used in accounting for materials, labour and production overheads
- 4. Describe job and batch costing and prepare accounts in job costing situations
- 5. Apply management accounting information for short-run decision making
- 6. Apply management accounting information for long-run decision making, employing basic investment appraisal techniques
- 7. Explain the role of budgeting in financial planning and control, and explain different budget types
- 8. Prepare budgets for sales, production materials (usage and purchases), labour and overheads
- 9. Explain and prepare fixed, flexible and flexed budgets
- 10. Explain the purpose and principles of standard costing
- 11. Calculate and interpret variances for: sales, materials, labour, variable overheads and fixed overheads
ILO: Discipline-specific skills
On successfully completing the module you will be able to...
- 12. Show understanding of how managers use accounting information to aid decision making, planning and control
- 13. Apply management accounting concepts and practices to analyse business problems
- 14. Identify and present appropriate information to assist management with controlling the business and taking financial decisions
ILO: Personal and key skills
On successfully completing the module you will be able to...
- 15. Demonstrate basic written communication skills
- 16. Demonstrate basic problem solving skills
Syllabus plan
Syllabus plan
- Introduction to management accounting
Costing
- Cost classification and costing situations
- Accounting for materials, labour and overheads
- Activity-based costing
- Absorption vs. marginal costing
- Job costs and stock valuation: job costing
Decision making
- Short term decision making: CVP, breakeven analysis, limiting factor analysis
- Long term decision making: investment appraisal
- The balanced scorecard
Planning and Control
- Budgeting
- Standard costing and variance analysis
- Working capital management
Learning and teaching
Learning activities and teaching methods (given in hours of study time)
Scheduled Learning and Teaching Activities | Guided independent study | Placement / study abroad |
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48 | 102 | 0 |
Details of learning activities and teaching methods
Category | Hours of study time | Description |
---|---|---|
Scheduled learning and teaching activities | 12 | Lecture |
Scheduled learning and teaching activities | 36 | Seminar these will be teacher led. You should prepare for each seminar based on the related lecture |
Study Clinic | 24 | Optional sessions to reinforce key skills |
Guided Independent Study | 40 | Reading and Research |
Guided Independent Study | 14 | Practice of Techniques |
Guided Independent Study | 24 | Web-based activities |
Assessment
Formative assessment
Form of assessment | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
---|---|---|---|
Various tasks eg multiple choice, written work | Maximum 30 minutes | 1-16 | Tutor comments and suggested solutions |
Summative assessment (% of credit)
Coursework | Written exams | Practical exams |
---|---|---|
10 | 90 | 0 |
Details of summative assessment
Form of assessment | % of credit | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
---|---|---|---|---|
Coursework: On-line assessment | 10 | 4 online multiple choice test (approx 1.5 hours each) | 1-16 | Examiners report on ELE |
Exam | 90 | 2 hours | 1-16 | Mark awarded. Indicative answers posted online |
0 |
Re-assessment
Details of re-assessment (where required by referral or deferral)
Original form of assessment | Form of re-assessment | ILOs re-assessed | Timescale for re-assessment |
---|---|---|---|
All | Written exam | 1 16 | 3 weeks |
Re-assessment notes
The pass mark for award of credit in this module is 40%. Referral or deferral is a process whereby a further attempt at the module examination, following an initial failure, is permitted without the requirement to repeat any attendance. This will constitute a second formal examination - coursework will not be included in the re-assessment. Resubmission of coursework is impractical for two reasons; coursework answers and feedback are given to students after marking. All summative coursework must be completed before entitlement to a referral or deferral.
The grade for the re-assessment, and therefore the module grade, will be capped at 40%.
Resources
Indicative learning resources - Basic reading
Schemes of work are given to students at the beginning of the module with suggested text as preparatory reading.
Attrill & McLaney (2012). Management Accounting for Business Decisions Ed.7. Harlow: Pearson.
Indicative learning resources - Web based and electronic resources
ELE –
http://vle.exeter.ac.uk/course/view.php?id=3291 (Cohort 1)
http://vle.exeter.ac.uk/course/view.php?id=3292 (Cohort 2)
ELE will have copies of lecture notes, PowerPoint presentations, and a number of relevant articles. Students will make use of the discussion forum posted on ELE, in addition to other resources (online quizzes).
Module has an active ELE page
Indicative learning resources - Other resources
Textbooks from the INTO resource centre
Web-based and electronic resources including MyAccountingLab
Credit value | 15 |
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Module ECTS | 7.5 |
Module pre-requisites | None |
Module co-requisites | None |
NQF level (module) | 4 |
Available as distance learning? | No |
Origin date | July 2011 |
Last revision date | 13/08/2018 |