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MN50493: Management accounting 1

Follow this link for further information on academic years Academic Year: 2014/5
Further information on owning departmentsOwning Department/School: School of Management
Further information on credits Credits: 6
Further information on unit levels Level: Masters UG & PG (FHEQ level 7)
Further information on teaching periods Period: Semester 1
Further information on unit assessment Assessment Summary: CW 25%, EX 75%
Further information on unit assessment Assessment Detail:
  • Coursework (CW 25%)
  • Examination (EX 75%)
Further information on supplementary assessment Supplementary Assessment: Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites:
Further information on descriptions 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.
Further information on programme availabilityProgramme availability:

MN50493 is a Designated Essential Unit on the following programmes:

School of Management
Notes:
* This unit catalogue is applicable for the 2014/15 academic year only. Students continuing their studies into 2015/16 and beyond should not assume that this unit will be available in future years in the format displayed here for 2014/15.
* Programmes and units are subject to change at any time, in accordance with normal University procedures.
* Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.