ACCT06038 2016 Management Accounting

General Details

Full Title
Management Accounting
Transcript Title
Management Accounting
Code
ACCT06038
Attendance
N/A %
Subject Area
ACCT - Accounting
Department
BUS - Business
Level
06 - NFQ Level 6
Credit
10 - 10 Credits
Duration
Semester
Fee
Start Term
2016 - Full Academic Year 2016-17
End Term
9999 - The End of Time
Author(s)
Caroline McNulty, Beatrice Flavin
Programme Membership
SG_BBUSO_C06 201600 Higher Certificate in Business
Description

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;

1.

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

2.

Identify and quantify material and labour resources consumed in production.

3.

Explain the principles of Just in Time systems.

4.

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

5.

Identify the procedures involved in the preparation of budgets and prepare functional and cash budgets.

6.

Apply appropriate techniques of cost and management accounting to short-term decision making situations.

7.

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

Teaching and Learning Strategies

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

  2. Identify and quantify material and labour resources consumed in production.

  3. Explain the principles of Just in Time systems.

  4. Calculate the cost of producing a product or providing a service using absorption costing principles
  5. Identify the procedures involved in the preparation of budgets and prepare functional and cash budgets.
  6. Apply appropriate techniques of cost and management accounting to short-term decision making situations.
  7. Communicate information individually or in teams using written, visual and numerical forms.

Module Assessment Strategies

Written theoretical or numerical exam, or individual project.

Repeat Assessments

Written theoretical or numerical exam.

Module Dependencies

Prerequisites
None
Co-requisites
None
Incompatibles
None

Indicative Syllabus

  1. The Nature of Cost and Management Accounting

General Principles - Material, Labour and overheads

Costing Systems - Job costing

Introduction to The Modern Business Environment

Planning & Control - Functional and cash budgets

ABC

Decision Making - CVP and short-term decision-making, including single limiting factor

Coursework & Assessment Breakdown

Coursework & Continuous Assessment
40 %
End of Semester / Year Formal Exam
60 %

Coursework Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Continuous Assessment Written assessment including numeric and/or theoretical questions or individual project Continuous Assessment Assessment 40 % Week 8 1,2,3,4
             
             

End of Semester / Year Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Final Exam Final Exam Written exam including numerical and/or theoretical questions Final Exam Assessment 60 % End of Term 1,2,3,4,5,6,7
             
             

Online Learning Mode Workload


Type Location Description Hours Frequency Avg Workload
Online Lecture Computer Laboratory Lectures 3 Weekly 3.00
Total Online Learning Average Weekly Learner Contact Time 3.00 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 gillmacmillan.ie 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

Other Resources

Management Accounting, Garrison /Noreen /Seal, McGraw Hill, 2015.

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

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

Management Accounting 3rd Edition.Michael Jones,Wiley, 2006.

Additional Information

None