Module Description:
Management Accounting for Marketing Students gives a broad overview of the management accounting techniques available for use in planning, decision making and control. The module focuses on the role of management accounting in preparing and presenting financial information within an internal management information system.
Module aim
The aim of this module is to develop an understanding of management accounting principles, models and techniques available to effectively manage dynamic and diverse business situations
Description of syllabus content covered in module:
1. An introduction to management accounting
2. Elements of cost, including direct and indirect cost
3. Apportioning overhead cost
4. Calculating the full cost of a product or service
5. Modern approaches in product and service costing and the control of overhead cost
6. Cost behaviour, fixed, variable, step and semi variable cost, including the separation of semi variable components
7. Cost – volume – profit analysis, including breakeven charts
8. Relevant costs for decision making
9. Marginal costing for decision making
10. The budgetary process
11. Producing master budgets
12. Budget control statements
This module will be delivered through the medium of lectures, in a context that is relevant for marketing students, supported by an electronic learning environment. The learning and teaching methods employed will include, discussion, problem-solving exercises, case studies and self-directed learning.
| Module Content & Assessment | |
|---|---|
| Assessment Breakdown | % |
| Formal Examination | 70 |
| Other Assessment(s) | 30 |