ACC41000 Management Accounting (Mod)

Academic Year 2023/2024

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.

Show/hide contentOpenClose All

Curricular information is subject to change

What will I learn?

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

How will I learn?

Student Effort Type	Hours
Lectures	24
Specified Learning Activities	16
Autonomous Student Learning	85
Total	125

Am I eligible to take this module?

Requirements, Exclusions and Recommendations

Not applicable to this module.

Module Requisites and Incompatibles

Not applicable to this module.

How will I be assessed?

Assessment Strategy

Description	Timing	Open Book Exam	Component Scale	Must Pass Component	% of Final Grade
Multiple Choice Questionnaire (Short): A Brightspace quiz comprising short quantitative and MCQs available on 24 February for completion by 9 March. Questions will be randomised, with no return to earlier questions. Quiz is 'open-book'.	Week 6	n/a	Standard conversion grade scale 40%	No	15
Continuous Assessment: Class participation	Throughout the Trimester	n/a	Graded	No	10
Continuous Assessment: Preparation of assigned cases/exercises for class	Throughout the Trimester	n/a	Standard conversion grade scale 40%	No	40
Assignment: A short case study assignment available on 24 February for completion by 9 March.	Week 6	n/a	Graded	No	35

Carry forward of passed components
Yes

What happens if I fail?

Resit In	Terminal Exam
Summer	No

Assessment feedback

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.

Reading List

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.

When is this module offered?


Spring
Lecture	Offering 1	Week(s) - 19	Fri 08:30 - 13:00
Lecture	Offering 1	Week(s) - 24	Fri 08:30 - 18:30
Lecture	Offering 1	Week(s) - 21	Sat 08:30 - 12:30
Lecture	Offering 1	Week(s) - 24	Sat 08:30 - 18:30
Spring