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Unit information: Management Accounting in 2019/20

Please note: Due to alternative arrangements for teaching and assessment in place from 18 March 2020 to mitigate against the restrictions in place due to COVID-19, information shown for 2019/20 may not always be accurate.

Please note: you are viewing unit and programme information for a past academic year. Please see the current academic year for up to date information.

Unit name Management Accounting
Unit code ACCG20011
Credit points 20
Level of study I/5
Teaching block(s) Teaching Block 2 (weeks 13 - 24)
Unit director Dr. Suzuki
Open unit status Not open
Pre-requisites

Introduction to Accounting (ACCG10052) or Fundamentals of Accounting and Finance 1 (EFIM10005)

plus

Mathematical and Statistical Methods 1 (EFIM10008) or Quantitative Analysis in Management (EFIM10014)

Co-requisites

None

School/department School of Accounting and Finance
Faculty Faculty of Social Sciences and Law

Description

The unit covers a number of accounting control and decision-making techniques relevant to managing an enterprise efficiently and effectively. These include budgeting and standard costing to control operations; divisional performance measures and transfer pricing to control divisions and techniques for pricing and resource allocation. The unit also includes the techniques of absorption costing, marginal costing and process costing. In general the emphasis is on concepts that underpin techniques, use of the information generated and the implications of using the techniques.

Intended learning outcomes

To develop a coherent understanding of the management accounting techniques which are used within organisations to evaluate and develop strategy. In particular students will be encouraged to critically evaluate the appropriateness of different techniques in a changing commercial environment and their benefit and behavioural effects in both short and long term decision making.

Students will develop an understanding of the following:

Specific costing techniques such as standard costing and process costing

Forecasting techniques such as learning curves

Theoretical and practical pricing policies

The concept of divisionalisation including transfer pricing.

Product mix decisions using linear programming

The effect on employees of adopting different management accounting styles and techniques.

Students will be actively encouraged to discuss management accounting techniques in practical business situations.

Teaching details

20 hours lectures for whole cohort

10 hours of exercise lecture for groups of 50-60 students

10 one-hour classes

5 hours of optional clinics

Assessment Details

Summative:

• 100% on 3 hour written exam at the end of the relevant teaching block.

Formative:

• Worked exercises in tutorials and exercise lectures.

All learning objectives are assessed by both summative and formative assessment

Reading and References

Drury, Management and Cost Accounting (latest Edition) Thomson Learning

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