Programme/Approved Electives for 2023/24
None
Available as a Free Standing Elective
No
MAN-20049 Cost and Management Accounting
This module will develop the knowledge and understanding of management accounting concepts and techniques acquired in Year 2 (Level 5) module: Cost and Management Accounting. Students will develop knowledge from prior studies and learn to apply key principles and techniques of management accounting to decision making situations. These include:Multiple breakeven charts and profit volume charts.Decisions involving limiting factors, multiple limiting factors.External pricing decisions.Internal charging and transfer pricing.Relevant costs for decision making.Risk, uncertainty and sensitivity.Advanced aspects of investment appraisal.Behavioural and social aspects of management accounting.In addition, students will acquire knowledge to critically appraise the nature of decision making and evaluate the roles of accounting in decision making. The module aims to develop knowledge and skills to obtain exemptions from professional accounting examinations. Transferable skills and graduate attributes will be fostered.
Aims
This module will develop the knowledge and understanding of management accounting concepts and techniques acquired in Cost and Management Accounting. Students will be able to apply the principles of management accounting to decision-making situations.
Intended Learning Outcomes
explain and evaluate key concepts of management accounting: 1,2assess the behavioural and social aspects of management accounting including environmental accounting: 1,2apply the principles of management accounting to decision making situations (e.g. external pricing, internal charging and transfer pricing): 1,2critically assess the role of risk, uncertainty and sensitivity in management accounting: 2critically appraise the nature of decision making and evaluate the roles of management accounting in decision making (limiting factors, make or buy decisions, pricing): 2
Lecture 18 hoursTutorials 6 hoursPrivate Study 126 hoursExams 3.5 hoursMid-term Assessment 2 hoursFinal Examination 2 hours
For students to be able to use this module to support professional body accreditation they will also need to have studied MAN-10015 Accounting Principles, MAN-20049 Cost and Management Accounting and also plan to study MAN-30046 Advanced Management Accounting in Semester two
Description of Module Assessment
1: Unseen Exam weighted 40%1.5 hour unseen closed computer based assessment (CBA)Mid term assessment - Assessment 1 is a 90-minutes computer-based test.
A selection of questions covering all topics studied to date and will contain a range of CBA questions styles both calculative and narrative, in line with professional body accreditation requirements.
2: Unseen Exam weighted 60%2 hour unseen in situ examFinal examination - Assessment 2 is an in situ unseen exams under formal examination conditions and covers all the syllabus.