Description

Introduction to Management Accounting

Module title	Introduction to Management Accounting
Module code	INT1009
Academic year	2022/3
Credits	15
Module staff	Corinne Tuck (Convenor)

Duration: Term	1	2	3
Duration: Weeks	0	12	12

Number students taking module (anticipated)	85

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 using 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 qualitative and quantitative aspects of internal business decision making.

This module is the equivalent of BEA1009.

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 e.g. marginal costing and its use in cost-volume-profit analysis
• 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. Demonstrate 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 problem solving skills
• 16. Use Excel spreadsheets at a basic level

Syllabus plan

Syllabus plan

 

 

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
60	90

Details of learning activities and teaching methods

Category	Hours of study time	Description
Asynchronous Lectures	20	Pre-recorded lectures and activities to be watched before the seminar
Scheduled learning and teaching activities (synchronous)	40	Seminars – these will be teacher led. You should prepare for each seminar based on the related lecture and will spend your time on case studies, problem solving activities and short essays
Formative assessed activities (asynchronous)	20	Working on case studies, MCQs, problem solving activities, short essays with in-class feedback
Guided Independent Study	35	Reading and Research
Guided Independent Study	35	Practice of Techniques

Assessment

Formative assessment

Form of assessment	Size of the assessment (eg length / duration)	ILOs assessed	Feedback method
Online Coursework Practice	1-2 hours per week	1-15	Verbal and written feedback and answers on ELE
Practice Exam	2 hours	1-16	Verbal and written feedback

Summative assessment (% of credit)

Coursework	Written exams	Practical exams
40	60

Details of summative assessment

Form of assessment	% of credit	Size of the assessment (eg length / duration)	ILOs assessed	Feedback method
Online Coursework	40	Four online quizzes (2 hours each) at 10% per quiz	1-15	Answers online and in seminars/text book ELE
Written Examination (open book)	60	2 hours	1-15	Mark scheme available on ELE Performance outcome

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
Written Examination (open book)	Written Examination (open book), 2 hours	1-16	Next assessment opportunity

Re-assessment notes

  

Resources

Indicative learning resources - Basic reading

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

Key words search

Management accounting; costing; Cost classification;  materials; labour; overheads; activity-based costing; Absorption; marginal; Job costs; stock valuation; short term decision making; CVP; breakeven analysis; limiting factor analysis; long term decision making; investment appraisal; planning; control; budgeting; standard costing; variance analysis; balanced scorecard.

Credit value	15
Module ECTS	7.5
Module pre-requisites	None
Module co-requisites	None
NQF level (module)	4
Available as distance learning?	Yes
Origin date	July 2011
Last revision date	12/08/2021