MEEN40730

Learning Outcomes:

On completing this module student should be able to:
1. Employ the key principles of engineering cost analysis from a management accounting perspective.
2. Develop accurate costings for engineering products and services.
3. Critically analyse product costings and budgets at the individual, functional and firm levels.
4. Design cost based performance measures for a firm.

Indicative Module Content:

Engineering Cost Analysis focuses on the use of management accounting systems in manufacturing and service organisations for internal planning and control purposes. Topics include:
- Cost behaviour: The difference between profit and cash.
- Financial management: Ratio Analysis and financial management, working capital management.
- Decision making using break-even and variable costing.
- Product costing and pricing using absorption and activity based costing approaches.
- Budgetary control: creating budgets, balanced scorecard.

Student Effort Hours:

Approaches to Teaching and Learning:

Requirements, Exclusions and Recommendations

This is a core module on the Master of Engineering Management programme and is designed for students who are based in industry and who have at least five years professional engineering work experience.

Module Requisites and Incompatibles

Assessment Strategy

Feedback Strategy/Strategies

• Feedback individually to students, on an activity or draft prior to summative assessment
• Feedback individually to students, post-assessment
• Group/class feedback, post-assessment

How will my Feedback be Delivered?

Not yet recorded.