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MN50493: Management accounting 1

Follow this link for further information on academic years Academic Year: 2017/8
Further information on owning departmentsOwning Department/School: School of Management
Further information on credits Credits: 6      [equivalent to 12 CATS credits]
Further information on notional study hours Notional Study Hours: 120
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
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.

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)

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. Budgeting
8. Standard costing
9. Variance Analysis.
Further information on programme availabilityProgramme availability:

MN50493 is Compulsory on the following programmes:

School of Management