ACCT06038 2016 Management Accounting
Full Title
Management Accounting
Transcript Title
Management Accounting
Code
ACCT06038
Attendance
N/A %
Subject Area
ACCT - 0411 Accounting & Taxation
Department
BUS - Business
Level
06 - Level 6
Credit
10 - 10 Credits
Duration
Semester
Fee
€
Start Term
2016 - Full Academic Year 2016-17
End Term
2022 - Full Academic Year 2022-23
Author(s)
Caroline McNulty, Beatrice Flavin
Programme Membership
SG_BBUSO_C06 201600 Higher Certificate in Business in Business in Business
SG_BBSOL_C06 202000 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
-
Explain the nature of cost and management accounting and differentiate from financial accounting.
-
Identify and quantify material and labour resources consumed in production.
-
Explain the principles of Just in Time systems.
- Calculate the cost of producing a product or providing a service using absorption costing principles
- Identify the procedures involved in the preparation of budgets and prepare functional and cash budgets.
- Apply appropriate techniques of cost and management accounting to short-term decision making situations.
- 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
- 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 | Coursework 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
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