ACCT06028 2022 Management Accounting 2
Full Title
Management Accounting 2
Transcript Title
Management Acc 2
Code
ACCT06028
Attendance
N/A %
Subject Area
ACCT - 0411 Accounting & Taxation
Department
BUS - Business
Level
06 - Level 6
Credit
05 - 05 Credits
Duration
Semester
Fee
€
Start Term
2022 - Full Academic Year 2022-23
End Term
9999 - The End of Time
Author(s)
Caroline McNulty, Beatrice Flavin, Helen Grady, Kerry Dolan, Aileen Brennan
Programme Membership
SG_BBUSI_C06 202200 Higher Certificate in Business in Business Studies
SG_BBUSI_H08 202200 Bachelor of Business (Honours) in Business
SG_BBUSS_B07 202200 Bachelor of Business in General Business
SG_BADMN_B07 202200 Bachelor of Business in Business Administration
SG_BBUSM_C06 202200 Higher Certificate in Business in Business Studies
SG_BBUSB_H08 202200 Bachelor of Business (Honours) in Business
SG_BBUSG_B07 202300 Bachelor of Business in General Business
SG_BADMN_C06 202200 Higher Certificate in Business in Business Administration
SG_BBUSE_C06 202400 Higher Certificate in Business in Business (exit)
SG_BBUSE_B07 202400 Bachelor of Business in Business (exit)
Description
The purpose of this module is to build on students knowledge to the principles and techniques of management accounting including their application in business situations. The focus will be in areas of planning and decision-making.
Learning Outcomes
On completion of this module the learner will/should be able to;
1.
Compare and contrast product unit costs from traditional absorption costing versus Activity Based Costing (ABC)
2.
Identify the procedures involved in the preparation of functional and cash budgets
3.
Appreciate appropriate techniques of cost and management accounting to short-term decision-making situations
4.
Communicate information individually or in teams using written, visual and numerical forms
Teaching and Learning Strategies
This module will be delivered through weekly computer-based laboratory lectures for 3 hours and 1 hour classroom based tutorial/ theory class. The lectures will include open discussion, practice of practical course elements, in-class group work and self-study.
Module Assessment Strategies
The assessment strategy will include:
- Moodle quiz e.g.MCQ/WIRIS (one - 30% or 2 - 15% quizzes in weeks 5-9 of the semester).
- Final computer-based examination using MSOffice suit e.g. Excel and Word.
Repeat Assessments
The assessment strategy will include:
- Moodle quiz e.g.MCQ/WIRIS (one - 30% or 2 - 15% quizzes repeated in weeks in weeks 6-12 of the semester).
- Final computer-based examination using MSOffice suit e.g. Excel and Word.
Indicative Syllabus
LO1 - Compare and contrast product unit costs from traditional absorption costing versus Activity Based Costing (ABC):
- Calculate unit cost from traditional absorption costing;
- Calculate unit cost from ABC and compare to traditional;
- Explain Activity Based Management (ABM).
LO2 - Identify the procedures involved in the preparation of functional and cash budgets:
- Prepare functional budget;
- Prepare cash budget;
- Define budgetary theory.
LO3 - Appreciate appropriate techniques of cost and management accounting to short-term decision-making situations:
- Calculate marginal cost, break-even point, margin of safety and target profit;
- Represent CVP in graphical format;
- Define relevant costs and compare with absorption costing and variable costing;
- Derive and recommend courses of action using relevant cost for various short-term decision making situations such as - Limiting factor, special contract.
LO4 - Communicate information individually or in teams using written, visual and numerical forms:
- Formative assessment;
- Problem solving in-class group work;
- Final computer-based examination.
Coursework & Assessment Breakdown
Coursework & Continuous Assessment
30 %
End of Semester / Year Formal Exam
70 %
Coursework Assessment
| Title | Type | Form | Percent | Week | Learning Outcomes Assessed | |
|---|---|---|---|---|---|---|
| 1 | Moodle quiz | Coursework Assessment | Assessment | 30 % | OnGoing | 1,2,3 |
End of Semester / Year Assessment
| Title | Type | Form | Percent | Week | Learning Outcomes Assessed | |
|---|---|---|---|---|---|---|
| 1 | Final Computer-Based Examination | Final Exam | Closed Book Exam | 70 % | End of Term | 1,2,3,4 |
Full Time Mode Workload
| Type | Location | Description | Hours | Frequency | Avg Workload |
|---|---|---|---|---|---|
| Lecture | Computer Laboratory | Lectures | 3 | Weekly | 3.00 |
| Tutorial | Flat Classroom | Tutorial - MOU class size | 1 | Weekly | 1.00 |
| Independent Learning | Not Specified | 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
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
Non ISBN Literary Resources
Other Resources
Significant content for the module has been created by the lecturer and is available to the student on the moodle platform.