This is an introductory course in management accounting. This course focuses on the application of management accounting techniques to assist in a range of planning, control, and decision-making scenarios; to prepare, analyse, interpret, and communicate management accounting information, for product costing and managerial decision-making.
As management accounting plays a key role in organisations, this course will enable the learner to use advanced management accounting techniques in business. It forms the foundation for the year four specialist course - Advanced Management Accounting 11.
Introduction to management accounting
Cost classification and cost behaviour patterns
Accounting for material, labour, and overhead costs
Product and service costing using absorption costing techniques
Product and service costing using activity-based costing techniques
Job, batch and process costing systems (including normal losses, abnormal losses/gains and equivalent units)
Marginal costing techniques (including comparing absorption with marginal costing, inventory valuation and profit reconciliation)
Break-even analysis
Short-term decision making using relevant costing
Pricing decisions
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 |