ACCT08015 2022 Strategic Management Accounting 2
Full Title
Strategic Management Accounting 2
Transcript Title
Strategic Mgmt Accounting 2
Code
ACCT08015
Attendance
N/A %
Subject Area
ACCT - 0411 Accounting & Taxation
Department
BUS - Business
Level
08 - Level 8
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, Mary McGuckin, Beatrice Flavin, Kerry Dolan
Programme Membership
SG_BACCO_H08 202200 Bachelor of Arts (Honours) in Accounting
SG_BACCO_K08 202200 Bachelor of Business (Honours) in Business with Accounting (Add-on)
SG_BACOO_H08 202300 Bachelor of Arts (Honours) in Accounting
SG_BACCO_K08 202300 Bachelor of Business (Honours) in Business with Accounting
SG_BFINA_K08 202400 Bachelor of Business (Honours) in Business in Finance Stream
Description
Building on the knowledge and learning from earlier years and semester 1 of final year, enhancing students understanding and ability to apply management accounting concepts and techniques. Independent learning and critical evaluation of current practice is encouraged.
Learning Outcomes
On completion of this module the learner will/should be able to;
1.
Discuss current issues and developments in management accounting.
2.
Develop detailed master budgets and discuss different approaches to the budgetary process.
3.
Prepare detailed variance analysis reports
4.
Identify, calculate and appraise appropriate measures of performance for selected organisations
5.
Critically evaluate management accounting practices in the context of the modern business environment
Teaching and Learning Strategies
Lectures.
Independent learning and research of topics is essential.
Module Assessment Strategies
Formative assessment occurs throughout the semester to scaffold towards the final closed book exam.
Exam should be a closed book exam and supervised in person or proctored if online.
Repeat Assessments
Repeat exam. Exam meets all learning outcomes.
Exam should be a closed book exam and supervised in person or proctored if online.
Module Dependencies
Prerequisites
ACCT07017 202200 Management Accounting Planning, Control and Decision-Making 1
ACCT07018 202200 Management Accounting Planning, Control and Decision-Making 2
Indicative Syllabus
LO No 1:Discuss current issues and developments in management accounting.
Automation, digitalisation, disruptive technology, big data, sustainability.
LO No 2: Develop detailed master budgets and discuss different approaches to the budgetary process.
Advanced master budgets. Beyond budgeting/the debate. Zero based versus incremental budgeting, participation and behavioural issues
LO No 3: Prepare detailed variance analysis reports
Variance analysis (e.g. material, labour, variable and fixed overhead, sales and idle time variances)
Calculate variances and prepare reconciliation statement or given variance results, produce standard cost card. Variance investigation, exception reporting and reasons for variances.
Planning and operational Variances
Cost control versus cost reduction. Relevance in the modern business environment
LO No 4: Identify, calculate and appraise appropriate measures of performance for selected organisations
Divisionalisation, financial and non-financial measures, behavioural aspects, balanced scorecard, sustainability measures, benchmarking, integrated reporting.
LO No 5: Critically evaluate management accounting practices in the context of the modern business environment
Conflict between corrective action in variance analysis and TQM ideals
The relevance of standard costing in the modern business environment and how to adapt and improve reports.
Beyond Budgeting: The Debate
Zero based versus incremental budgets, Imposed versus participative budgets.
Coursework & Assessment Breakdown
End of Semester / Year Formal Exam
100 %
Coursework Assessment
| Title | Type | Form | Percent | Week | Learning Outcomes Assessed | |
|---|---|---|---|---|---|---|
| 1 | Class quizzes/case-study class room discussions/ problem solving practice | Formative | Open Book Exam | 0 % | Any | 1,2,3,4,5 |
End of Semester / Year Assessment
| Title | Type | Form | Percent | Week | Learning Outcomes Assessed | |
|---|---|---|---|---|---|---|
| 1 | Final Exam Written exam including numerical and/or theoretical questions - must be supervised | Final Exam | Closed Book Exam | 100 % | End of Term | 1,2,3,4,5 |
Full Time Mode Workload
| Type | Location | Description | Hours | Frequency | Avg Workload |
|---|---|---|---|---|---|
| Practical / Laboratory | Computer Laboratory | Research to facilitate discussion and practice questions | 1 | Weekly | 1.00 |
| Lecture | Flat Classroom | Lecture | 3 | Weekly | 3.00 |
| 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
2020-12-10 MANAGEMENT COST ACCOUNTING 11E
ISBN 147377361X ISBN-13 9781473773615
2020-12-10 MANAGEMENT COST ACCOUNTING 11E
ISBN 147377361X ISBN-13 9781473773615
Recommended Reading
2021 PERFORMANCE MANAGEMENT - STUDY TEXT.
ISBN 1787408655 ISBN-13 9781787408654
2021 PERFORMANCE MANAGEMENT - STUDY TEXT.
ISBN 1787408655 ISBN-13 9781787408654
Module Resources
Non ISBN Literary Resources
Management and Cost Accounting,119th Edition. Colin Drury. Cengage Learning, 2020
ACCA Performance Management Study Text by Kaplan Publishing 2021
Journal Resources
URL Resources
Other Resources
ACCA Complete Text, Performance Management, Kaplan Publishing, Current Year, ISBN: 978-1-78740-865-4 (printed)
Paper P1 Management Accounting. CIMA Study Text. Kaplan Publishing. Current Year, ISBN: 978-1-78740-977-4 (printed)
Paper P2 Advanced Management Accounting, CIMA Study Text. Kaplan Publishing. Current Year,
CIMA Case Studies from past competitions
Accounting Journals and Library Facilities
Additional Information
None