ACCT07018 2022 Management Accounting Planning, Control and Decision-Making 2
Full Title
Management Accounting Planning, Control and Decision-Making 2
Transcript Title
Management Acc PCD 2
Code
ACCT07018
Attendance
N/A %
Subject Area
ACCT - Accounting
Department
BUS - Business
Level
07 - NFQ Level 7
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, Aileen Brennan
Programme Membership
SG_BACCO_H08 202200 Bachelor of Arts (Honours) in Accounting
SG_BACOO_H08 202300 Bachelor of Arts (Honours) in Accounting
Description
The aim of this module is to develop the student's knowledge of management accounting principles and enable them to produce information for planning, control and decision-making.
Learning Outcomes
On completion of this module the learner will/should be able to;
1.
Demonstrate a knowledge of formulating functional, cash and master budgets and illustrate a knowledge of the underlying theory
2.
Interpret and analyse standard cost variance reports, demonstrating a knowledge of theoretical issues
3.
Apply appropriate decision-making techniques for a variety of situations
4.
Analyse and compare product cost information using activity based costing
5.
Communicate information individually or in teams using written, visual and numerical forms
Teaching and Learning Strategies
This module will be delivered through weekly class/computer laboratory based lectures. The lectures will include open discussion, practice of practical elements, in-class group work and self study.
Module Assessment Strategies
The assessment strategy will include:
- Excel based assessment on budgeting or Moodle quiz e.g. MCQ/WIRIS (one - 20% excel assessment or quiz in weeks 5-9 of the semester)
- Final written examination - Must be supervised examination in person or online proctored
Repeat Assessments
The assessment strategy will include:
- Excel based assessment on budgeting or Moodle quiz e.g. MCQ/WIRIS (one - 20% excel assessment or quiz repeated in weeks 6-12 of the semester)
- Final written examination - Must be supervised examination in person or online proctored
Module Dependencies
Prerequisites
ACCT06021 201100 Management Accounting Fundamentals 1
ACCT06022 201100 Management Accounting Fundamentals 2
None
Co-requisites
None
Incompatibles
None
Indicative Syllabus
LO1 - Demonstrate a knowledge of formulating functional, cash and master budgets and illustrate a knowledge of the underlying theory
- Budgets - functional, cash and basic master budgets
- Participation and behavioural aspects
- Budget theory
LO2 - Interpret and analyse standard cost variance reports, demonstrating a knowledge of theoretical issues
- All cost variance calculations
- Standard to actual cost reconciliation
- Identify possible causes of deviations
- Standard cost theory
LO3 - Apply appropriate decision-making techniques for a variety of situations
- Relevant costing
- Special contract
- Limiting factor
LO4 - Analyse and compare product cost information using activity based costing
- ABC costing technique
- ABM theory
LO5 - Communicate information individually or in teams using written, visual and numerical forms
- Excel modelling
- Problem solving in class group work
- Written assessment
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 | Excel assessment or moodle quiz | Coursework Assessment | Assessment | 20 % | OnGoing | 1,2,5 |
End of Semester / Year Assessment
| Title | Type | Form | Percent | Week | Learning Outcomes Assessed | |
|---|---|---|---|---|---|---|
| 1 | Final Exam Written assessment 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 | Group activity | 2 | Weekly | 2.00 |
| Practical / Laboratory | Computer Laboratory | Lecture | 2 | Weekly | 2.00 |
| Independent Learning | UNKNOWN | Personal study | 3 | Weekly | 3.00 |
Total Full Time Average Weekly Learner Contact Time 4.00 Hours
Required & Recommended Book List
Required Reading
2021 MANAGEMENT ACCOUNTING - STUDY TEXT.
ISBN 1787408558 ISBN-13 9781787408555
2021 MANAGEMENT ACCOUNTING - STUDY TEXT.
ISBN 1787408558 ISBN-13 9781787408555
Recommended Reading
2014-11-01 Management Accounting McGraw Hill Higher Education
ISBN 0077157508 ISBN-13 9780077157500
2014-11-01 Management Accounting McGraw Hill Higher Education
ISBN 0077157508 ISBN-13 9780077157500
Recommended Reading
Management Accounting Gill & Macmillan
Management Accounting Gill & Macmillan
Module Resources
Non ISBN Literary Resources
Journal Resources
URL Resources
https://www.accaglobal.com
https://aca.ie
https://www.cpaireland.ie
https://www.cimaglobal.com
Additional Information