Management Accounting
ACC102
| Code | ACC102 |
| School | EBSL |
| Module Level | 1 |
| Module Code | ACC102 |
| Class | GE|EL|MA|MI| |
| Availability | DE|SA| |
| Semester | 1 |
| Credits | 12 |
| ECTS Credits | 6 |
| Contact Hours | 48 |
| Self Study Hours | 72 |
| Course Aims | Management Accounting brings accountancy and quantitative skills and techniques to bear on problems of business planning, decision-making and operational control. Increasingly, managers need to be able to understand and use Management Accounting techniques. In essence, the aim of this module is to provide an introduction to the theory and practice of management accounting and emphasize its role in making business decisions. It is intended primarily for non-accounting students who are pursuing a one semester basic management accounting course. |
| Course Content | PART I:
Introduction to Management and Cost Accounting:
Introduction to Management Accounting
An Introduction to Cost Terms and Concepts
PART II:
Accounting Information for Decision Making:
Cost-Volume-Profit Analysis
Cost Assignment:
Traditional Costing System
Activity Based Costing System
PART III:
Accounting Information for Planning, Control and Performance:
The Budgeting Process
Standard Costing & Variance Analysis
Core Skills ContentThe content and teaching/learning strategy will help students to develop the following skills:
1: Numerical Skills
Calculation, presentation and processing of Management Accounting information.
2: Diagnostic Skills
The ability to identify the salient characteristics of business planning and decision-making situations where the use of Management Accounting techniques is appropriate. 3: Analytical Skills
The examination and interpretation of Management Accounting information. 4: Problem Solving Skills
The ability to formulate business problems so as to allow the application of Management Accounting techniques; and to apply the right techniques and interpret the results. |
| Learning Outcomes | A1; B1; B2; C1; C2; C3; D1; D4 |
| Presentation | This module will be taught over a twelve (12) week semester divided into lectures and seminars. The module will be split into units of a week. There will be a one hour lecture and three-hour seminar per week. Some topics should be covered in one week; others will have two weeks devoted to them. In general, students are required to do the relevant reading and preparation BEFORE the associated lecture. It is strongly recommended, however, that this should not be the only time students encounter the reading material. Lectures will be given to introduce the principles, relevant theories and conceptual framework. Seminars will include: exposure to subject areas not covered by lectures; group presentations on an assigned topic; feedback on progress tests and discussion on lectures will also be given. Also, the application of the concepts and techniques will be illustrated in seminars and students will complete practical worked examples. Material for lectures and seminars will be on the "t" drive. However, important handouts would be photocopied and provided by the lecturer. |
| Reading Recommended | Horngren, Bhimani, Datar and Foster (2005) Management and Cost Accounting, 3rd edition, ISBN 0-273-68751-4.
Atrill and McLaney (2005) Management Accounting for Decision Makers, 4th edition, ISBN 0-273-68867-7. |
| Reading Required | Drury (2005) Management Accounting for Business Decisions, 3rd edition, ISBN 1-86152-770-5. |
| Asseseement Methods | An individual assignment; a one-hour unseen test; attendance; and a two-hour final examination. |
Key
Class
GE = General Education,
EL = Elective,
MA = Major,
MI = Minor
Availability
DE = Degree,
SA = Study Abroad