| Unit name | Management Accounting |
|---|---|
| Unit code | ACCG20011 |
| Credit points | 20 |
| Level of study | I/5 |
| Teaching block(s) |
Teaching Block 2 (weeks 13 - 24) |
| Unit director | Mrs. Suzy Matthews |
| Open unit status | Not open |
| Pre-requisites |
Introduction to Accounting (ACCG10052) or Fundamentals of Accounting and Finance 1 (EFIM10005) plus Mathematical and Statistical Methods 1 (EFIM10008) |
| Co-requisites |
None |
| School/department | School of Accounting and Finance - Business School |
| Faculty | Faculty of Social Sciences and Law |
The unit covers a number of accounting control and decision-making techniques relevant to managing an enterprise efficiently and effectively. These include budgeting and standard costing to control operations; divisional performance measures and transfer pricing to control divisions and techniques for pricing and resource allocation. The unit also includes the techniques of absorption costing, marginal costing and process costing. In general the emphasis is on concepts that underpin techniques, use of the information generated and the implications of using the techniques.
To develop a coherent understanding of the management accounting techniques which are used within organisations to evaluate and develop strategy. In particular students will be encouraged to critically evaluate the appropriateness of different techniques in a changing commercial environment and their benefit and behavioural effects in both short and long term decision making.
Students will develop an understanding of the following:
Specific costing techniques such as standard costing and process costing
Forecasting techniques such as learning curves
Theoretical and practical pricing policies
The concept of divisionalisation including transfer pricing.
Product mix decisions using linear programming
The effect on employees of adopting different management accounting styles and techniques.
Students will be actively encouraged to discuss management accounting techniques in practical business situations.
20 hours lectures for whole cohort
10 hours of exercise lecture for groups of 50-60 students
10 one-hour tutorials for groups of no more than 15 students
Summative:
• 100% on 3 hour written exam at the end of the relevant teaching block.
Formative:
• Worked exercises in tutorials and exercise lectures.
All learning objectives are assessed by both summative and formative assessment
Drury, Management and Cost Accounting (latest Edition) Thomson Learning
