Module Overview

Introduction to Management & Cost Accounting

Module Aims:- An understanding of the various costing techniques used in different organisations;- A knowledge of the opportunities and problems using cost data and to recommend effective corrective management action based on their conclusions;- A greater awareness of the need and uses for management accounting information for competing in today’s business environment.

Module Code

BSST H2022

ECTS Credits


*Curricular information is subject to change


Introduction to cost terms and concepts

Cost Accumulation for profit measurement

Materials and stock control: stock records and pricing stores issues.Methods of remuneration and labour cost control including wages analysis.Overhead analysis and reapportionment of service department overheads.Absorption procedures and over and under recovery of overheads.Calculation of product cost and pricing methods.

Costing Methods

Accounting entries for a job costing system and application of job costing.

Information for decision making

Contribution approach to decision making.Cost – Volume – Profit analysisRole of cost information in make or buy, capacity and pricing decisions.The budget process and budgetary planning including cash budgeting

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