| Title | Management Accounting |
| Code | ACC5200 |
| School | RBS |
| Module Level | 5 |
| Module Code | ACC5200 |
| Available Summer | N |
| Semester | 1 |
| Credits | 12 |
| ECTS Credits | 6 |
| Contact Hours | 48 |
| Course Length (wks) | 12 |
| Course Leader | Brian Kriefman |
| Lecturers | Mary-Anne Kendall |
| Course Aims |
The module aims to:
Provide an introduction to the principles of management accounting
Expose students to an appreciation of the importance of cost management
Develop students’ understanding of cost-volume-profit analysis and its limitations
Develop an appreciation of measuring relevant costs and revenues for decision making, budgeting, performance appraisal and understand the role of cost information in pricing decisions
Enable students to have a sound understanding of activity based costing, and an ability to evaluate the difference between traditional costing systems and ABC systems.
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| Course Content | Accounting techniques, data collection and problem solving discussions and students are directed towards developing the skill of examining and assessing recent peer reviewed journals on current issues
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| Learning Outcomes |
On completion of this module, students should be able to:
LO1 Carry out cost-volume-profit analysis
LO2 Understand the concept of relevant costs including limiting factors
LO3 Understand the basis of pricing and pricing decisions
LO4 Prepare and use master budgets, cash budgets and flexed budgets
LO5 Construct variance reports
LO6 Appreciate the significance of transfer pricing
LO7 Critically evaluate recent emerging issues in management
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| Presentation | Students attend class sessions which will include a range of activities, interactive lectures and class discussions which are related to the module topics above. Learning outcomes for the module are linked to the content of each week’s work. Students are introduced to theories and content and throughout the module there is a consistent approach to theory and practice.
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| Reading Recommended | HORNGREN C, BHIMANI A., DATAR S., FOSTER G. (2005) Management and Cost Accounting. FT Prentice Hall, Harlow.
WEETMAN P (2006) Management Accounting. Prentice Hall, Harlow
WEETMAN P. (2006) Financial & Management Accounting. (4th ed.) Prentice Hall, Harlow.
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| Reading Required | DRURY C. (2006), Cost and Management Accounting. (6th ed.) Thomson, London.
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| Pre-Requisites | ACC4800 Financial Accounting I |
| Asseseement Methods | Time constrained assessment - Week 5- 15% Assignment (Case Study)- Week 8- 20% Time constrained assessment- week 10- 15% Exam- Exam Week- 50% |
| Weekly Schedule |
· Cost definitions, elements of cost, cost behaviour and cost estimation
Cost volume profit analysis
Short-run decision making with limiting factors; special order decision
Relevant costs
Value chain analysis; Full costing and profit management
Activity based Costing
Strategic management of price, cost and quality; Introduction to transfer pricing; divisionalisation.
Budgeting
Standard costing, flexible budgets
Responsibility accounting |