ACC40950 MAcc Management Accounting

Academic Year 2022/2023

The Module 'Management Accounting' is designed to equip students with the necessary skills required of a professional accountant in order to support mangerial
decision making in for profit and not-for-profit organisations. The course will consist of two main strands, decision analysis techniques and cost accounting / cost
management. A critical aspect of this course is the emphasis on the development of participants' professional decision-making and communication skills.
Consequently, significant use will be made of case study material.The module provides a critical and comprehensive knowledge of the different decision-making
tools with which professional accountants would be expected to be familiar, with as well as the practices of modern cost measurement methods and strategic cost
management concepts. Accordingly, course coverage includes topics from cost behaviour, cost estimation, CVP analysis, relevant costs, decision-making under
conditions of scarce resources, the pricing decision, life-cycle costing, target costing, capital investment appraisal (including CAPM / Fama-French approaches to
determination of cost of equity and real options approaches for appraisal), uses of options for risk management, decision making under conditions of uncertainty
and risk, simulation, data mining, traditional and modern approaches to product / service costing, and activity based management. These topics will be
supplemented by current developments from academia and practice. A strong emphasis will be placed on the use of IT to support these topics.
Students must attempt all the assessment components of a module.