School of Management, Unit Catalogue 2009/10 |
MN20019: Management accounting |
 Credits:
| 6 |
| Level:
| Intermediate |
| Period: | Semester 1 |
| Assessment:
| CW 20%, EX 80% |
| Supplementary Assessment: | Like-for-like reassessment (where allowed by programme regulations) |
| Requisites:
| Before taking this unit you must take MN10008 |
| Description: | Aims: The aim of this unit is to introduce students to: 1. contemporary costing techniques and their uses in the modern manufacturing and commercial environment. 2. the use of management accounting information for decision making and performance measurement. 3. the behavioural consequences of management accounting information, tools and techniques. Learning Outcomes: On completion of this unit students should be able to: 1. Prepare costing information using a variety of costing techniques for a range of purposes in a range of modern business environments. 2. Use appropriate management accounting information and techniques in a range of decision making scenarios and to interpret the results. 3. Evaluate a number of budgetary control techniques and to compute budget information using them. 4. Critically appraise methods and techniques of costing etc, assess the implications of their use and the circumstances in which each technique is most appropriately use. Skills: Intellectual skills * Use appropriate financial analysis and computational techniques to compute financial information which is useful in a management accounting context (TFA) * Evaluate and assess the relative merits of quantitative techniques used (TFA) * Identifying financial information and analytical techniques relevant to a particular purpose (T/A) * Interpreting the results of analysis in a manner pertinent to a specified problem/objective (T/A). Professional/Practical Skills * Recommend courses of management action based on an assessment of financial implications (T/A); * Construction of relevant costing, financial analysis and budget statements in a format suitable for general readership (T/F/A); Transferable/Key Skills * Applying a range of quantitative analysis techniques in a variety of business environments(F) * Critical skills in the application of techniques and the interpretation of results (FA). Content: 1. Marginal costing and absorption costing 2. Relevant costs and decision making 3. Activity based costing: 4. Modern manufacturing environment + other developments in costing a. Theory of constraints and throughput accounting b. Life cycle costing c. Target costing 5. Standard costing 6. Budgeting. |