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MN20019: Management accounting

Follow this link for further information on academic years Academic Year: 2013/4
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: CW 25%, EX 75%
Further information on supplementary assessment Supplementary Assessment: Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites: Before taking this unit you must take MN10008 or take MN10476 and while taking this unit you must take MN20018
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 (Full-time) - Year 2
  • UMMN-AKB02 : BSc (hons) Accounting and Finance (Full-time with Thick Sandwich Placement) - Year 2

MN20019 is Optional on the following programmes:

School of Management
  • UMMN-ANB01 : BSc (hons) Business Administration (Full-time with Thin Sandwich Placements) - Year 3

Notes:
* This unit catalogue is applicable for the 2013/4 academic year only. Students continuing their studies into 2014/15 and beyond should not assume that this unit will be available in future years in the format displayed here for 2013/14.
* 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.