Module Overview

Management Accounting

This module is an introductory management accounting course. It is designed to provide students with a foundation in the preparation, selection and application of management and cost accounting information. The aim of the module is to develop the knowledge and skills of learners to select management and cost accounting techniques appropriate to particular circumstances, to apply these management and cost accounting techniques and to interpret the information generated by them.


Module Code

ACCT 9208

ECTS Credits


*Curricular information is subject to change





Role of the management accountant

The role and operating environment of a management accountant.

​​​​​​​Cost Classification

Classify costs according to their function, nature or behaviourUnderstand the difference between product and period costs

Cost-Volume-Profit (CVP) Analysis

Distinguish between contribution and gross marginApply mark-up and margin principles to calculate the appropriate selling priceApply basic cost separation and estimation techniques (including the high/low method)Assumptions and limitations of CVP analysisCompute breakeven activity, margin of safety and target profit (in both monetary and unit terms) for a single product

​​​​​​​Overhead and expense accounting

Prepare an overhead analysis sheet (summary sheet) to allocate and apportion costs to production and service departmentsUnderstand and apply the apportionment of service department costs using direct or step-down approachesCalculate the overhead absorption rate for each production departmentCalculate the over- and under-absorption of overheads

Job & Service Costing

Understand the principles of job costing and service costingCompute costs for jobs and services using appropriate techniques

​​​​​​​Absorption & Variable Costing

The principles of variable costingPrepare profit statement using variable costing principlesUnderstand the principles of absorption costingPrepare profit statements using absorption and costing principlesReconcile profits recognised under variable costing to profits recognised under absorption costing

Functional Budgeting

Understand the process of business strategy formulation, its links to the budgetary process and the purposes of budgetingUnderstand the budgetary process (the budgetary cycle)Construct functional budgets for sales, materials, labour and overheads

Learners will be exposed to formal lectures / tutorials and will also be expected to engage in class discussions. The ability to apply the concepts and exercise judgment will be developed by problem solving. Feedback and support will be given in order to identify and solve problems.

Module Content & Assessment
Assessment Breakdown %
Formal Examination70
Other Assessment(s)30