Full Title:Management Control Systems 1
Language of Instruction:English
Module Code:ACCT B8Z01
 
Credits: 5
Valid From:Semester 1 - 2013/14 ( September 2013 )
Module Delivered in 2 programme(s)
Module Description:This module will examine some of the management accounting techniques for decision making.It will examine and evaluate activity based and life cycle costing costing and it will evaluate the various accounting approaches to product pricing.
Learning Outcomes:
On successful completion of this module the learner should be able to
  1. Distinguish between relevant and irrelevant costs/revenues for decision-making purposes, applying to typical business scenarios.
  2. Compare activity based and traditional costing systems and describe the implementation of and the conceptual claims for ABC systems
  3. Describe and apply cost management techniques such as Life cycle costing, target costing, activity based management systems and environmental cost management systems.
  4. Describe and justify various influences on and approaches to the pricing decision
  5. Compare and apply the various techniques for decision making under conditions of risk and uncertainty.
 

Module Content & Assessment

Indicative Content
Distinguish between relevant and irrelevant costs/revenues for decision-making purposes, applying to typical business scenarios.
Measuring relevant costs/revenue for decision making and the importance of qualitative information and corporate objectives: Drury chpt 9
Compare activity based and traditional costing systems and describe the implementation of and the conceptual claims for ABC systems
A revision of traditional costing particularly overhead absorption; the need for ABC; ABC vs Trad wrt overhead absorption;designing and implementing ABC systems;Conceptul contributions of ABC; Drury chpt 10
Describe and apply cost management techniques such as Life cycle costing, target costing, activity based management systems and environmental cost management systems.
Describing, analysing and applying each of these techniques;Drury chpt 21
Describe and justify various influences on and approaches to the pricing decision
Pricing decisions and the role of customers,costs and competition. The economic model of price setting;the role of financial information in the price setting process both long and short term;pricing policies and the role of an organisation in different market situations: Drury chpt 11
Compare and apply the various techniques for decision making under conditions of risk and uncertainty.
Non probability and Probability based decision methods. The calculation of expected value and the value of perfect information.The use of decision trees. Drury chpt 12
Assessment Breakdown%
Course Work30.00%
End of Module Formal Examination70.00%

Full Time

Course Work
Assessment Type Assessment Description Outcome addressed % of total Marks Out Of Pass Marks Assessment Date Duration
Class Test The theory and calculative element of relevant costing 1 20.00 0 0 Week 6 0
Group Project Group case study on the application and implementation of activity based cost systems. 2 10.00 0 0 Week 10 0
No Project
No Practical
End of Module Formal Examination
Assessment Type Assessment Description Outcome addressed % of total Marks Out Of Pass Marks Assessment Date Duration
Formal Exam End-of-Semester Final Examination 1,2,3,4,5 70.00 0 0 End-of-Semester 0

DKIT reserves the right to alter the nature and timings of assessment

 

Module Workload & Resources

Workload: Full Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture n/a 3.00 Every Week 3.00
Directed Reading n/a 2.00 Every Week 2.00
Independent Study n/a 4.00 Every Week 4.00
Total Weekly Learner Workload 9.00
Total Weekly Contact Hours 3.00
This course has no Part Time workload.
Resources
Recommended Book Resources
  • Drury Colin 2012, Management and Cost Accounting (with CourseMate & EBook Access Card), 8 Ed., 9,10,11,12,21, Cengage Learning EMEA UK [ISBN: 978-1408064313]
Supplementary Book Resources
  • Upchurch A 1998, Management Accounting: Principles and Practice Textbook, 1 Ed., Financial Times/ Prentice Hall UK [ISBN: 978-0273622260]
  • Horngren C, Datar S and Rajan M 2011, Cost Accounting; A Managerial Emphasis, 14 Ed., Prentice Hall [ISBN: 9780132795166]
This module does not have any article/paper resources
Other Resources
  • Website: Cengage LearningStudent Support website for Drury text, Cengage Learning
  • n/a: Harvard Business Review, Business Week, The Financial Times, The Irish Times, Financial Management – the journal of the Chartered Institute of Management Accountants -CIMA

Module Delivered in

Programme Code Programme Semester Delivery
DK_BBUST_8 Bachelor of Business (Honours) 5 Elective
DK_BBBST_B Bachelor of Business Studies (Honours) 1 Mandatory