ACCT07019 2016 Introduction to Management Accounting

General Details

Full Title
Introduction to Management Accounting
Transcript Title
Intro to Mgt Accounting
N/A %
Subject Area
ACCT - Accounting
MRKT - Marketing, Tourism and Leisure
07 - NFQ Level 7
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

The aim of this subject is for students to develop an understanding of cost accounting and cost behaviour and apply this to managerial decision making problems and budgeting.

Learning Outcomes

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


Identify ways in which costs can be classified and forecast costs for future periods.


Explain the terminology used in cost accounting and calculate the cost of producing a product or providing a service.


Perform calculations and manipulate data for break even analysis.


Apply contribution analysis to managerial decision making situations.


Describe the budgetary process in an organisation and prepare functional, cash and incremental budgets

Teaching and Learning Strategies

Lectures supported by tutorials.

Module Assessment Strategies

Teaching and assessment will be on the practical application of the techniques to business scenarios and practice questions in class. Assessment will be written exam which can be theoretical and/or numerical or project.

Repeat Assessments

Learning outcomes can be met by repeat exam only.

Indicative Syllabus

Cost Accounting- terminology, cost classification, costing methods.

Job costing including OAR's.

Cost Behaviour - high low, least squares method of linear regression, scattergraph, correlation, forecasting.

Break-even Analysis - solve problems using ratios and charts, limitations.

Short term Decision Making - Shut down, make or buy, special order, limiting factor, qualitative and quantitative factors.

Budgets - Process, cash, functional, incremental, advice on negative balances.

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 Formative and Summative Assessment Class quizzes / case-study class room discussions/ problem solving practice. Formative Open Book Exam - % OnGoing 1,2,3,4,5
2 Continuous Assessment Written assessment and/or project Continuous Assessment Assessment 20 % Week 8 1,2,3,4

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 Closed Book Exam 80 % End of Term 1,2,3,4,5

Full Time Mode Workload

Type Location Description Hours Frequency Avg Workload
Group Learning Flat Classroom Combination of lecture and practice questions/ discussion. 4 Weekly 4.00
Independent Learning UNKNOWN Personal study 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

Other Resources


Additional Information