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MN20019: Management accounting

Follow this link for further information on academic years Academic Year: 2015/6
Further information on owning departmentsOwning Department/School: School of Management
Further information on credits Credits: 6
Further information on unit levels Level: Intermediate (FHEQ level 5)
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% - Qualifying Mark: 35)
  • Examination (EX 75% - Qualifying Mark: 35)
Further information on supplementary assessment Supplementary Assessment: Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites: Before taking this module you must take MN10008 OR take MN10476
In taking this module you cannot take MN20485
Further information on descriptions 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. 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
7. Budgeting
8. Standard Costing.
Further information on programme availabilityProgramme availability:

MN20019 is Compulsory on the following programmes:

School of Management
  • UMMN-AFB02 : BSc(Hons) Accounting and Finance (Year 2)
  • UMMN-AKB02 : BSc(Hons) Accounting and Finance with Year long work placement (Year 2)

MN20019 is Optional on the following programmes:

School of Management
  • UMMN-ANB01 : BSc(Hons) Business Administration with Thin sandwich placement(s) (Year 3)

Notes:
* This unit catalogue is applicable for the 2015/16 academic year only. Students continuing their studies into 2016/17 and beyond should not assume that this unit will be available in future years in the format displayed here for 2015/16.
* 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.