| Level: |
1 |
| Credit Rating: |
20 |
| Subject Area: |
Management Accounting |
| Module Type: |
Double |
| Semester Offered: |
1 through 2 |
| Course(s) for which module is acceptable and status in course: |
- BA(Hons) Accounting & Finance – Compulsory
- BA(Hons) Business Studies/Management with Finance – Compulsory
- BSc(Hons) Mathematics for Finance – Compulsory
- ACCA – Compulsory
|
| Pre-Requisites: |
None |
| Aims: |
To introduce the student to the principles, purposes and practices of management accounting and management information systems. |
| Learning Outcomes: |
On completion of the module students should be able to:
Subject specific:
- Identify the basic concepts of management accounting.
- Explain the uses and limitations of different management accounting techniques.
- Compare the different objectives, and the tensions that exist between financial and management accounting objectives.
- Identify the ethical dimension of management accounting and its implications.
- Demonstrate the ability to apply appropriate management accounting techniques to solve a number of common business problems.
- Analyse and evaluate management accounting data.
Cognitive:
- Demonstrate numeracy skills, including the ability to manipulate financial and other numerical data and appreciate the statistical concepts at an appropriate level.
- Demonstrate skills in the use of communications and information technology, in particular, the use of spreadsheets, word processing software and on-line databases.
|
| Content: |
- Managerial accounting and the business environment.
- Cost terms, concepts and classifications
- Job-order costing systems [including a)accounting entries for an integrated accounting system and b) interlocking accounting]
- Process costing systems [including a) FIFO and average cost methods b) normal losses and abnormal losses and gains]
- Operation and service costing
- Cost behaviour
- Cost-volume profit analysis (excluding operating leverage)
- Variable costing
- Introduction to activity-based costing
- Profit planning, budgetary framework
- Standard variable costing and variance analysis.
|
| Teaching & Learning Strategies: |
The module will use a mix of teaching and learning processes including those detailed below.
Students are expected to plan their own study time. Assessment hours are indicative of the time to be allocated to revision and formal assessment.
Lectures: |
20 |
Open Learning: |
0 |
Seminars: |
20 |
Self Study &
use of computer labs: |
120 |
Workshops: |
0 |
Assessment: |
40 |
|
|
Total: |
200 |
|
| Learning Support: |
Indicative reading:
The latest editions of:
Atrill, P. & McLaney, E.J., Management Accounting for Non-specialists, FT Prentice Hall
Drury, C., Cost and Management Accounting – An introduction, Thomson
Garrison, R.H. & Noreen, E.W., Managerial Accounting, McGraw-Hill
Proctor, R., Managerial Accounting for Business Decisions, FT Prentice Hall
Upchurch, A., Cost Accounting Principles and Practice, FT Prentice Hall |
| Assessment: |
There will be formative assessment throughout the course through the media of multi-choice tests, group discussions and critical evaluations of management accounting problems, including internet searches and IT applications. This part of assessment will not form part of the module mark.
Examination (70%): a three hour unseen closed book exam.
Coursework (30%): an individual case study exercise (15%) together with appropriate in-class assessments (15%). |
| Brief Description of the Module: |
This course examines the basic accounting data flows within the firm and begins to develop a framework wherein these data flows may be used to assist in the processes of planning, decision making, performance measurement and control. |
| Area Examination Board: |
Management Accounting |
| External Examiner: |
N/A |
| Faculty: |
Brighton Business School; MIS. |
| Site where delivered: |
Moulsecoomb |
| Module Writer(s): |
D.Preen |
| Date of First Approval: |
2003 |
| Date of Last Revision: |
2007 |
| Version Number: |
3 |
