ACC40020 Management Accounting

Academic Year 2023/2024

Management accounting involves the preparation and use of information for internal management purposes. It guides management decision-making, and contributes to business planning. In addition, through appropriate measures and performance management processes, it can drive behaviour that improves an organisation’s ability to implement its strategy and control operations.

The first part of the module (Topics 1 – 5) lays out foundations, key concepts, and terminology, particularly in relation to ‘cost’. It highlights how costs appropriate for one purpose may be completely inappropriate for a different purpose. The challenge of indirect costs (not directly traceable to a product or service) is examined, alongside pros and cons of related accounting systems.

Topics 6 and 7 focuses on decision-making, including Cost Volume Profit Analysis and the correct financial information for a range of common decisions such as discontinuing a product, outsourcing and pricing. Topic 8 addresses financial planning through budgets.

Finally, Topics 9 to 11 focus on decentralisation, including divisional performance measurement, transfer pricing, and management accounting tools that improve an organisation’s ability to implement its strategy.

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Curricular information is subject to change

Learning Outcomes:

On completing this module participants should:
- have mastered management accounting concepts and tools that support the successful implementation of strategy;
- be able to develop management accounting information that motivate the right organisational behaviours;
- be able to develop the correct management accounting information for different types of decision-making;
- be able to modify or request modifications to management accounting systems for decision making, and planning and control.

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
- Transfer pricing
- Balanced Scorecard and Strategy Maps
- Sustainability strategies and application of management accounting tools

Student Effort Type Hours
Specified Learning Activities


Autonomous Student 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
Examination: End of term examination at exam centre 2 hour End of Trimester Exam No Standard conversion grade scale 40% No


Group Project: Group Case Study involving production of both a written report and a class presentation Varies over the Trimester n/a Standard conversion grade scale 40% No


Continuous Assessment: Class preparation & participation, including completion of assigned exercises Throughout the Trimester n/a Standard conversion grade scale 40% No


Carry forward of passed components
Resit In Terminal Exam
Autumn Yes - 2 Hour
Feedback Strategy/Strategies

• Group/class feedback, post-assessment
• Online automated feedback

How will my Feedback be Delivered?

Feedback will be given in a timely manner. Each Group will receive individual timely written feedback on their group project. 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.
Lecture Offering 1 Week(s) - 20, 21, 22, 23, 24, 25, 26, 29, 30, 31, 32, 33 Thurs 10:00 - 11:50

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