MODULE DESCRIPTOR MODULE TITLE Module Code Level Credit Points Indicative Assessment Components & Percentage Weightings

Pre-Requisite Modules (if applicable) Delivered according to Standard Academic Calendar YES / NO Management Accounting 25-4012-00L 4 20 30% Coursework 70% Examination

Long: 2 semesters YES

Short: 1 semester NO

Other delivery pattern: Please specify

MODULE AIMS The aims of this module are to: enable students to develop their knowledge and understanding of management accounting; test the student's ability to identify, apply and explain fundamental management accounting methods and techniques; and provide an underpinning for material which will be developed in further Modules and consequently prepare students to, study for a professional accounting qualification and to develop the professional accounting skills as formulated by the International Federation of Accountants (IFAC). MODULE LEARNING OUTCOMES BY THE END OF THE MODULE YOU WILL BE ABLE TO: 1. Define and explain fundamental management accounting terminology, concepts and theories; 2. Apply and explain fundamental management accounting methods and techniques in defined contexts (manufacturing, retail and service); 3. Analyse, interpret and solve problems using management accounting methods and techniques; and 4. Communicate an understanding of management accounting methods and techniques and be able to interpret information for members of a management team.

INDICATIVE LEARNING, TEACHING AND ASSESSMENT ACTIVITIES The learning philosophy aims to encourage students to develop analytical, evaluative, critical patterns of thought and skills appropriate to a student looking to follow a career in the world of finance. To achieve this, a variety of teaching and learning methods will be used. The syllabus content will be introduced through lectures and then developed in workshops. In the workshops the students will be split into small groups for focussed discussions with the tutors. Student participation is compulsory in the workshops: students will be required to lead the discussions on the directed study material, present their solutions to exercises and thereby provide evidence that they are interacting with the module content. Students will also have the opportunity to develop their knowledge and understanding through their use of computer based learning packages and integration with other Modules. The learning strategy will aim to actively promote the understanding of fundamental Management Accounting concepts/techniques and the development of evaluative and critical skills in accordance with the IFAC recommendations. Assessment will take the form of individual coursework and an end of module examination.

INDICATIVE MODULE CONTENTS / TOPICS On completion of this module, students should be able to: Explain the importance of management accounting in the context of manufacturing, retail and service organisations; Identify cost behaviour and classify costs; Prepare overhead analysis sheets (including reciprocal service departments); Prepare profit and loss accounts from the same data under absorption and marginal costing, and reconcile and explain the differences in reported profits; Calculate, graph, interpret and discuss the break even point, profit target, margin of safety and profit / volume ratio for a single product; Identify relevant costs and revenues; Calculate the profit-maximising sales mix for a company with a single resource constraint; Prepare functional budgets, and profit and loss account, balance sheet and a simple cash budget; Explain the differences between fixed and flexible budgets and calculate expenditure, volume and total budget variances; and Calculate and interpret variances for sales, materials; labour; variable overheads and fixed overheads (expenditure and volume) and prepare a report reconciling budget gross profit / contribution with actual profit.

FURTHER INFORMATION ABOUT THIS MODULE FURTHER / ADDITIONAL INFORMATION IS AVAILABLE TO SUPPORT THIS MODULE, INCLUDING ASSESSMENT CRITERIA DETAILING HOW YOUR PERFORMANCE IN THE MODULE WILL BE MEASURED, HOW YOU WILL RECEIVE FEEDBACK, DETAILS OF LEARNING RESOURCES AND KEY READINGS. THIS INFORMATION CAN BE FOUND IN THE MODULE HANDBOOK AND THE MANAGEMENT ACCOUNTING BLACKBOARD SITE. NOTE THAT THIS ADDITIONAL INFORMATION MAY BE SUBJECT TO CHANGE FROM YEAR TO YEAR.