|
 Academic Year:
| 2013/4 |
| Owning Department/School:
| School of Management |
| Credits:
| 6 |
| Level:
| Masters UG & PG (FHEQ level 7) |
| Period: |
Semester 1 |
| Assessment:
| CW 25%, EX 75% |
| Supplementary Assessment: | Like-for-like reassessment (where allowed by programme regulations) |
| Requisites:
| |
| Description:
| Aims: The aim of this unit is to introduce students to: 1. The fundamentals of management accounting; 2. Alternative elementary techniques of Absorption, Marginal Costing; 3. Contemporary costing techniques and their uses in the modern manufacturing and commercial environment; 4. The use of management accounting information for decision making and performance measurement; 5. The behavioural consequences of management accounting information, tools and techniques; 6. Planning and analysing differences from expectations to enact strategic decisions. 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; 3. Evaluate a number of budgetary control techniques and to compute, analyse and interpret budgetary information to achieve organisational objectives; 4. Critically appraise methods and techniques of costing and value creation; assess the implications of their use and the circumstances in which each technique is most applicable; 5. Application of standard costing and variance analysis techniques. 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 in interpreting internal management information (TFA) * Identifying financial information and analytical techniques relevant to a particular purpose (T/A) * Interpretation of results 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); * Create an awareness of change and drivers of influence within an organisational context. * Develop an understanding of the relevant costing, financial analysis and budgeting processes and information in a format suitable for general distribution and interpretation (T/F/A); Transferable/Key Skills * Applying a range of quantitative analysis techniques in a variety of business environments (F) and facilitating substantiation/rationalisation in decision making. * Critical skills in the application of techniques and the interpretation of results (FA). Content: 1. Introduction to Management Accounting 2. Cost estimation and cost behaviour 3. Linear programming - multiple constraints 4. Job-order costing 5. Marginal costing and absorption costing 6. Relevant costs and decision making 7. Capital Investment Appraisal 8. Standard costing 9. Budgeting. |
| Programme availability: |
MN50493 is a Designated Essential Unit on the following programmes:School of Management
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