ACC41000 Management Accounting (Mod)

Academic Year 2022/2023

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.

More particularly, 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


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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:

In our Foundation session, we will cover the following:
• Introduction to Management Accounting - the role, purpose and organisational context
• Current developments in Management Accounting
• Introduction to Cost information, behaviour and systems
• Introduction to Planning, Control Systems and Performance Measurement

In our Online sessions, we will cover the following:
• Costing - Cost Allocation and Cost systems
• Cost Volume Profit Analysis
• Costs and revenues for decision- making

For in-person day 1, we will cover the below:
- Activity-based Costing and Budgetary Planning and Control

For in-person day 2, we will cover the following:
- Divisional organisational structures and performance measures
- Performance measurement systems and the balanced scorecard
- Environmental and ethical management accounting

Student Effort Type Hours
Lectures

24

Specified Learning Activities

16

Autonomous Student Learning

85

Total

125

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
Group Project: The group assignment requires applied research, where each group selects one members organizational context, and the group answers a broad question on budgeting. This includes a group presentation. Throughout the Trimester n/a Graded Yes

50

Assignment: I will ask each individual to provide a reflective case analysis of approximately 2,500 words.
You can choose from one of several cases that will be available on Brightspace.
Throughout the Trimester n/a Graded Yes

50


Carry forward of passed components
Yes
 
Remediation Type Remediation Timing
In-Module Resit Prior to relevant Programme Exam Board
Feedback Strategy/Strategies

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

How will my Feedback be Delivered?

Feedback will be given in a timely manner. For group projects, this will occur during the day of the in-person sessions and afterwards with formal feedback. For individual projects, this will occur within 3 weeks of assignment submission

Spring
     
Lecture Offering 1 Week(s) - 24 Fri 08:30 - 18:30
Lecture Offering 1 Week(s) - 19 Fri 14:00 - 17:50
Lecture Offering 1 Week(s) - 22 Sat 08:30 - 12:50
Lecture Offering 1 Week(s) - 24 Sat 08:30 - 18:30
Spring
     

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