ACC41000 Management Accounting (Mod)

Academic Year 2024/2025

Management accounting involves the preparation and use of information for internal management purposes. It guides managerial decision-making and motivates behaviours that affect an organisation’s strategy implementation capabilities. These purposes are quite different from those of financial accounting and reporting.

The first part of the module lays out foundations, key concepts and terminology, mainly related to a key performance measure in organisations: ‘cost’. The second part of the module includes a more complete analysis of costing systems (including their behavioural and implementation aspects) and of financial planning through budgets.

The third part of the module focuses on decentralisation, performance measurement and the translation of management accounting strategy into environmental and ethical concerns.

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Curricular information is subject to change

Learning Outcomes:

On completing this module you should

- know and master some key tools in managerial accounting and evaluate their relevance so as to know when to use them appropriately for decision-making and control of decisions made;
- be able to explain how the cost and managerial information system that supports these tools operates;
- understand how managerial accounting information affects behaviour and decision-making;
- be able to modify or request modifications to the managerial information system to meet the specific decision-making needs of any organizational unit
- understand how managerial accounting can be used to support internal environmental management processes

Indicative Module Content:

- Management accounting and performance management
- Cost concepts and behaviour
- Costing systems
- Cost allocation and Activity-Based Costing
- Relevant costs and decision-making;
- Cost-volume-profit analysis
- Budgetary planning and control
- Decentralisation and evaluation of investment centres
- Balanced Scorecard and Strategy Maps
- Sustainability strategies and application of management accounting tools

Student Effort Hours: 
Student Effort Type Hours
Lectures

24
Specified Learning Activities

16
Autonomous Student Learning

85
Total

125
Approaches to Teaching and Learning:
Please see the ACC41000 Study Guide for approaches to teaching and learning 
Requirements, Exclusions and Recommendations

Not applicable to this module.


Module Requisites and Incompatibles
Not applicable to this module.
 
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade

Not yet recorded.

Carry forward of passed components
Yes
 
Resit In Terminal Exam
Summer No
Please see Student Jargon Buster for more information about remediation types and timing. 
Feedback Strategy/Strategies

• Feedback individually to students, post-assessment
• Group/class feedback, post-assessment
• Online automated feedback

How will my Feedback be Delivered?

Feedback will be given in a timely manner. For exercises/assignments submitted via Brightspace quizzes, a solution and mark will be delivered the day after the submission deadline. Qualitative aspects of the exercises will be discussed in class with further opportunity for questions and feedback.

The required textbook is:

JIAMBALVO, James (2020). Managerial Accounting, 7th edition, EMEA edition (available also as an ebook), John Wiley and Sons, Inc., Hoboken, New Jersey.