Overview:
- Credits:
- 5.0
- Level:
- 4
- Semester:
- Spring
- Subject:
- Accountancy
- School:
- Business
- Coordinator:
- Dr Emma McDaid
ACC41000 Management Accounting (Mod)
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. These purposes are quite different from those of financial accounting and reporting.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 you 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 design and modify management accounting systems to support decision making, and planning and control.
- 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 | 16 |
| Autonomous Student Learning | 85 |
| Lectures | 24 |
| Total | 125 |
Requirements, Exclusions and Recommendations
Not applicable to this module.
Module Requisites and Incompatibles
Not applicable to this module.
Assessment Strategy
| Description | Timing | Component Scale | % of Final Grade | ||
|---|---|---|---|---|---|
| Assignment: A short case study assignment available on 25 February for completion by 11 March. | Week 6 | n/a | Graded | No | 35 |
| Multiple Choice Questionnaire (Short): A Brightspace quiz comprising short quantitative and MCQs available on 25 February for completion by 11 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 |
| 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
• 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.
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.
JIAMBALVO, James (2020). Managerial Accounting, 7th edition, EMEA edition (available also as an ebook), John Wiley and Sons, Inc., Hoboken, New Jersey.
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