Skip to main content

Study information

Intermediate Management Accounting

Module titleIntermediate Management Accounting
Module codeBEA2017
Academic year2024/5
Module staff

Mr Chie Min Teng (Convenor)

Duration: Term123
Duration: Weeks


Number students taking module (anticipated)


Module description


Managers are faced with a wide range of decisions under resource constraints involving varying time frames in an uncertain environment. Managers have to decide on the price of a product, determine the optimum production plan under resource constraints, make operational and strategic investment decisions and advise on the acceptance or otherwise of a project. Businesses today operate within a competitive environment. Downward pressure on prices coupled with the need to deliver quality means that effective cost management and value creation is no longer an option. Effective performance management is undoubtedly critical to the achievement of the objectives of the organisation. This module will equip you with the relevant tools and techniques to deal with these issues.

Additional Information:

The tools and techniques taught in this module are applicable worldwide due to their universal nature.

This module also offers you an online forum where you may initiate discussions with peers and the module convenor. You will also have access to recordings of the lectures.

Sustainable development
The sustainable development theme will be embedded within the numerous decision-making scenarios throughout the module. You will be encouraged to adopt a sustainable development mindset.

All the resources for this module are available on the ELE (Exeter Learning Environment).

External Engagement
You are encouraged to participate in global business competitions.

This module is accredited by professional accounting bodies.

You will acquire transferable skills valued by prospective employers such as numerical, decision-making, analytical, communication, presentation and teamwork skills.

You will also have the opportunity to meet sponsors and representatives from various companies should you participate in business competitions.

Module aims - intentions of the module

This module aims to provide you with an in-depth appreciation of the various decision-making techniques that are applicable to a wide range of short-term and long-term decisions faced by organisations, contemporary cost management philosophies and performance management. The aim is not to just cover the techniques but to appreciate the context of its application and barriers that may hinder its success. Practical examples and current issues will be used to illustrate the relevance of that which is being taught to the phenomena emanating from the current business environment.

Intended Learning Outcomes (ILOs)

ILO: Module-specific skills

On successfully completing the module you will be able to...

  • 1. apply the principles and discuss the relevance of relevant costing for decision-making;
  • 2. apply limiting factor analysis to situations of single constraint and linear programming to problems that involve multi-limiting factors and interpret the results to determine the optimal solution;
  • 3. apply and explain the various decision-making techniques under conditions of risk and uncertainty and determine the appropriate technique to apply based on the risk attitude of the risk-taker;
  • 4. determine the value of information;
  • 5. discuss and evaluate whether traditional investment appraisal will support all types of capital investment decisions and the use of strategic investment appraisal techniques/frameworks;
  • 6. explain, evaluate and apply the various pricing methods and techniques, and justify the use of different pricing methods to ensure alignment with corporate strategy;
  • 7. discuss and evaluate the various contemporary cost management philosophies, tools and techniques, such as value chain analysis, activity-based management, life cycle costing, target costing, kaizen costing, business process re-engineering, process and enterprise maturity model, benchmarking, total quality management, just-in-time, theory of constraints and throughput accounting; and the context of its application;
  • 8. explain and evaluate the various budgetary control systems including incremental budgeting, zero-based budgeting, rolling budgets, activity-based budgeting, fixed and flexible budgets, and the concepts of Beyond Budgeting, and discuss the behavioural aspects of budgeting;
  • 9. compute, apply, explain and interpret standard costing, and basic and advanced cost and sales variances; including the separation of planning and operational variances;
  • 10. explain and discuss sustainable development concepts, frameworks and techniques for decision-making and reporting such as full-cost accounting, sustainability assessment model and integrated reporting;

ILO: Discipline-specific skills

On successfully completing the module you will be able to...

  • 11. apply the decision-making tools and techniques to aid business decisions and recommend courses of action;
  • 12. apply and determine the use of appropriate contemporary cost management tools and techniques to enable businesses to develop a competitive advantage over competitors;
  • 13. effectively manage the performance of a business.

ILO: Personal and key skills

On successfully completing the module you will be able to...

  • 14. demonstrate written communication skills;
  • 15. demonstrate problem solving skills;
  • 16. demonstrate an ability to undertake independent learning and effective time management.

Syllabus plan

Decision-making techniques
• Relevant costing and its relevance
• Limiting factor analysis and linear programming
• Decision-making under conditions of risk and uncertainty
• Capital investment decisions
• Pricing decisions

Cost management
• Cost management 1
• Cost management 2
• Cost management 3

Budgetary control system
• Budgetary systems and behavioural aspects of budgeting
• Standard costing and variance analysis

• Revision

Learning activities and teaching methods (given in hours of study time)

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Scheduled Learning & Teaching activities10Whole cohort sessions
Scheduled Learning and Teaching Activities9Tutorials
Guided Independent Study131Asynchronous material on ELE, reading, research and preparation for tutorials and assessments

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
Weekly tutorial problems for discussionFour to five hours a week (inclusive of preparation time)1-16Tutor comments and suggested solutions

Summative assessment (% of credit)

CourseworkWritten examsPractical exams

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Written Group Assignment203,000 Words1-16Mark awarded and written feedback
Written examination802 hours 15 minutes1-16Mark awarded and suggested Solution on ELE

Details of re-assessment (where required by referral or deferral)

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
Written Group Assignment (20%) 3,000 words written individual assignment (20%) 1-16Referral/Deferral Period
Written examination (80%)2 hours 15 minutes written examination (80%)1-16Referral/Deferral period

Re-assessment notes

Where you have been referred/deferred for an assessment, you will have the opportunity to undertake the assessment during the August examination period. You will not be allowed to refer an assessment component if the total of both assessment components result in you passing the module (i.e. at least 40%). In the event of referral, you will only be reassessed on the component that you failed. 

Indicative learning resources - Basic reading

  • Burns, J., Quinn, M., Warren, L. & Oliveira, J. (2013), Management accounting, McGraw-Hill Education 
  • Drury, C. (2021), Management and cost accounting, 11th edition, Cengage
  • Lecture notes, tutorial questions and solutions, and relevant articles


Key words search

Management Accounting, cost management, decision-making techniques, budgetary control

Credit value15
Module ECTS


Module pre-requisites

BEA1009 Introduction to Management Accounting

Module co-requisites

Cannot be taken with BEA2010 Managerial Accounting

NQF level (module)


Available as distance learning?


Origin date


Last revision date