School of Management, Unit Catalogue 2011/12
|Level:||Intermediate (FHEQ level 5)|
|Assessment:||CW 25%, EX 75%|
|Supplementary Assessment:||Like-for-like reassessment (where allowed by programme regulations)|
|Requisites:||Before taking this unit you must take MN10008 or take MN10476 and while taking this unit you must take MN20018|
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.
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.
* 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).
* 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);
* 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)
1. Cost estimation and cost behaviour
2. Linear programming - multiple constraints
3. Job-order costing
4. Marginal costing and absorption costing
5. Relevant costs and decision making
6. Capital Investment Appraisal
8. Standard Costing.
MN20019 is Compulsory on the following programmes:School of Management
MN20019 is Optional on the following programmes:School of Management