ACCT06025 2016 Management Accounting Principles 1

General Details

Full Title
Management Accounting Principles 1
Transcript Title
Management Acc Principles.
N/A %
Subject Area
ACCT - Accounting
BUS - Business
06 - NFQ Level 6
05 - 05 Credits
Start Term
2016 - Full Academic Year 2016-17
End Term
9999 - The End of Time
Caroline McNulty, John Gaynor, Beatrice Flavin, Riona Lyons, Helen Grady
Programme Membership
SG_BACCO_C06 202100 Higher Certificate in Business in Accounting L6

Introduces students to the principles and techniques of management accounting including their application in business situations.


Learning Outcomes

On completion of this module the learner will/should be able to;


Explain the nature of cost and management accounting and differentiate from financial accounting.


Identify the cost elements consumed during production and the efficient use of these resources.


Calculate the cost of producing a product or providing a service using absorption costing principles


Prepare calculations/statements using job, batch and service costing systems.


Communicate information individually or in teams using written, visual and numerical forms.

Teaching and Learning Strategies

Lectures supported by tutorials.

Module Assessment Strategies

Written exam which can be theoretical and/or numerical or project.

Repeat Assessments

Learning outcomes can be met by repeat exam only.

Module Dependencies


Indicative Syllabus

The Nature of Cost and Management Accounting                                            

General Principles - Material, Labour and overheads (Traditional and ABC)

Costing Systems - Job, batch and service costing 


Coursework & Assessment Breakdown

Coursework & Continuous Assessment
20 %
End of Semester / Year Formal Exam
80 %

Coursework Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Continuous Assessment Continuous Assessment Written assessment including numeric and/or theoretical questions or project Continuous Assessment UNKNOWN 20 % Week 8 1,2,3

End of Semester / Year Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Final Exam Written exam including numerical and/or theoretical questions Final Exam UNKNOWN 80 % End of Term 1,2,3,4,5

Full Time Mode Workload

Type Location Description Hours Frequency Avg Workload
Lecture Flat Classroom Lectures 1 Weekly 1.00
Lecture Flat Classroom Lectures 1 Weekly 1.00
Lecture Flat Classroom Lectures 1 Weekly 1.00
Lecture Flat Classroom Lectures 1 Weekly 1.00
Independent Learning UNKNOWN Personal study time 3 Weekly 3.00
Total Full Time Average Weekly Learner Contact Time 4.00 Hours

Required & Recommended Book List

Recommended Reading
2011-04 Management Accounting: A Practical Approach Gill & Macmillan Ltd
ISBN 071714996X ISBN-13 9780717149964

A comprehensive core text for management accounting which establishes the fundamental theories of all aspects of the subject before progressing to more in-depth exploration * Clear learning objectives, a strong focus on application and a large bank of questions and resources underpin the practical approach to management accounting * Presents strategic and traditional management accounting topics and, where appropriate, revision questions will compare approaches of both methods * Recent research work is mentioned where more strategic accounting techniques are explained, such as Activity Based Costing and Balanced Scorecard, encouraging students to explore topics further * End-of-chapter questions are of exam-standard as set by both third level institutions and accounting professional bodies in Ireland * Solutions are available to selected questions, with each solution listing key learning notes containing 'hints and tips' to aid the student - a feature unique to this book GO Online lecturers: PowerPoint slides, additional questions with worked solutions, multiples choice questions with answers and teaching aids are available on Go Online students: Worked solutions to end of chapter questions and additional questions are available on gillmacmillan. ie WRITTEN FOR Undergraduate students on business courses at degree level in Institutes of Technology and Universities Those studying for professional accounting qualifications

Module Resources

Non ISBN Literary Resources

Management Accounting, Gail Sheppard, Gill & Macmillan. 2011

Other Resources

Management Accounting Principles and Practice. Alan Upchurch. Financial Times Pitman Publishing. 1998

Cost and Management Accounting. Alice Luby. Gill & Macmillan. 1999

Management Accounting, Michael Jones, Wiley, 2006.

Management Accounting 3rd Edition. Garrison/Noreen/Seal/Rohde. McGraw Hill. 2014



Additional Information