ACCT07017 2022 Management Accounting Planning, Control and Decision-Making 1

Demonstrate a knowledge of basic costing terminology, cost types and behaviours

Apply costing techniques to evaluate jobs, services and processes

Compare and contrast appropriate decision-making techniques for capital investment appraisal problems

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

This module will be delivered through weekly class based lectures. The lectures will include open discussion, practice of practical course elements, in-class group work and self study

The assessment strategy will include:

• Moodle quiz e.g. MCQ/WIRIS  (one - 20% quiz in weeks 5-9 of the semester)
• Final written examination - Must be a supervised examination in person or online proctored

The assessment strategy will include:

• Moodle quiz e.g. MCQ/WIRIS (one - 20% quiz repeated in weeks 6-12 of the semester)
• Final written examination - Must be a supervised examination in person or online proctored

LO1 - Demonstrate a knowledge of basic costing terminology, cost types and behaviours

• Cost classification
• Cost behaviour
• Cost prediction 

LO2 - Apply costing techniques to evaluate jobs, services and processes

• Absorption versus marginal costing
• Reconciliation of absorption to marginal profit
• Integrated accounts
• Clearing control ledger accounts
• Process costing

LO3 - Compare and contrast appropriate decision-making techniques for capital investment appraisal problems

• ARR - Accounting Rate of Return
• NPV - Net Present Value/Discounted Cash flow
• Payback
• IRR - Internal Rate of Return

LO4 - Communicate information individually or in teams using written, visual and numerical forms

• Summative assessment
• Problem solving in class group work
• Formative assessment