Managerial Accounting

To enable students to:

• Develop a working knowledge of managerial accounting techniques and concepts
• Develop spreadsheet design skills
• Evaluate and present management information

By the end of the module students will be able to:

1. Demonstrate an understanding of key managerial accounting concepts and techniques
2. Produce a financial budget and business plan, including Profit and Loss Account, Balance Sheet and Cash budget.
3. Evaluate and explain financial information
4. Evaluate the feasibility of financial business forecast
5. Use a spreadsheet to manipulate and present financial information
6. Demonstrate basic spreadsheet design skills
7. Produce a group response to a case study challenge.

• Understanding cost concepts and cost behaviour
• Cost Volume Profit Analysis and Pricing
• Financial statement presentation and evaluation
• Evaluating management reports
• Cash planning and working capital management
• Short term decision making
• Using budgets for management control and analysis
• Long term decision making

Total Learner Hours: 200

Contact Hours: 48 consisting of a series of lectures, seminars, case studies and workshops.

Private and Directed study 152 hours

Arnold, J. & Turley, S. (1996) Accounting for Management Decisions. (3rd ed.) London: Prentice- Hall

Attrill, P. & McLaney, E. (1999) Management Accounting for Non-Specialists. (2nd ed.) Europe London: Prentice Hall

Jagels, M. and Coltman, M. (2003) Hospitality Management Accounting. (8th ed.) New York; Chichester: Wiley

Owen, G. (2000) Accounting for Hospitality, Tourism and Leisure (3rd ed.) Harlow: Longman

Wiseman, P. Ed. (1996) Finance in Leisure and Tourism. London: Hodder and Stoughton