This is an introductory course in management accounting. The course focuses on the application of management accounting concepts and the interpretation of management accounting information within the planning, control, and decision-making process of organisations. As much of management information, for decision making is in an accounting format, it is essential that students understand and can utilise such information.
Introduction to cost and management accountancy
Cost classification and cost behaviour
Accounting for material, labour, and overhead costs
Product and service costing using absorption costing techniques
Product and service costing using activity-based costing techniques
Marginal costing
The study of break-even analysis
Limiting factor analysis
Short-term decision making with relevant costing
Product pricing decisions
Budgeting and the use of budgets to control operations
Performance Measurement
Current issues in management accounting
The learning and teaching methods employed will be achieved through lectures, discussions, video-learning, problem solving exercises, in-class tests, practical questions, and self-directed learning. Students will also receive feedback on their learning by marking their own solutions to problems against suggested solutions presented in class by the lecturer.
| Module Content & Assessment | |
|---|---|
| Assessment Breakdown | % |
| Formal Examination | 70 |
| Other Assessment(s) | 30 |