ACCT B8006 - Management Accounting

Module Details

Module Code: ACCT B8006
Full Title: Management Accounting
Valid From:: Semester 1 - 2019/20 ( June 2019 )
Language of Instruction: 
Duration: 1 Semester
Credits:: 5
Module Owner:: Patrick Fitzgerald
Departments: Unknown
Module Description: no description provided
 
Module Learning Outcome
On successful completion of this module the learner will be able to:
# Module Learning Outcome Description
MLO1 Differentiate between traditional and activity based costing systems. Analyse costs of overheads based on ABC. Determine appropriate Cost Drivers and Cost Pools to compute overheads cost.
MLO2 Employ various decision making techniques to enable decision maker to cope with conditions of uncertainty.
MLO3 Compare the different types of management accounting control systems and apply the controllability principle.
MLO4 Compare different policies and costing methods used in determining pricing and stock valuation to determine optimum output and sale prices.
MLO5 Evaluate performance using advanced variance analysis including Planning & Operational Variances, Mix & Yield Variances and Sales Mix & Volume Variances.
Pre-requisite learning
Module Recommendations
This is prior learning (or a practical skill) that is strongly recommended before enrolment in this module. You may enrol in this module if you have not acquired the recommended learning but you will have considerable difficulty in passing (i.e. achieving the learning outcomes of) the module. While the prior learning is expressed as named DkIT module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
No recommendations listed
 
Module Indicative Content
Economic analysis of alternative options and the importance of qualitative factors in decision-making.
Decision making using Financial & Non Financial criteria
Decision making under conditions of risk and uncertainty.
MaxiMax MaxiMin MiniMax Regret, Expected Values & Decision Trees
Comparison of traditional costing systems and Activity Based Costing.
Cost Drivers & Cost Pools. Comparing ABC with Absorption Costing
Product and customer profitability analysis
Optimum product offering and analysis of customer profitability
Budgeting and corporate planning process.
Behavioural Aspects of Budgeting and influence of Organisational Culture on Budgetary Process
Management Control Systems
Various types of control system, Responsibility Accounting and the Controllability principle.
Variance analysis including mix and yield variances and Ex Post analysis.
Reconciling Actual with budget using advanced variances
Variance investigation process.
Methods used to determine which variances should be investigated
Module Assessment
Assessment Breakdown%
Course Work20.00%
Final Examination80.00%
Module Special Regulation
 

Assessments

Full-time

Course Work
Assessment Type Class Test % of Total Mark 20
Marks Out Of 0 Pass Mark 0
Timing S1 Week 7 Learning Outcome 1
Duration in minutes 0
Assessment Description
In class test individually assessed
No Project
No Practical
Final Examination
Assessment Type Formal Exam % of Total Mark 80
Marks Out Of 0 Pass Mark 0
Timing End-of-Semester Learning Outcome 2,3,4,5
Duration in minutes 0
Assessment Description
End-of-Semester Final Examination
Reassessment Requirement
A repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.

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

 

Module Workload

Workload: Full-time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact No Description Once per semester 4.00 60
Directed Reading Non Contact No Description Once per semester 3.00 45
Independent Study Non Contact No Description Once per semester 3.00 45
Total Weekly Learner Workload 10.00
Total Weekly Contact Hours 4.00
Workload: Part-time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Face to Face Every Week 2.00 2
Independent Study Non Contact No Description Every Week 4.00 4
Directed Reading Non Contact No Description Every Week 2.00 2
Online (non-contact) Non Contact No Description Every Week 1.00 1
Total Weekly Learner Workload 9.00
Total Weekly Contact Hours 2.00
 
Module Resources
Recommended Book Resources
  • Colin Drury. (2017), Management and Cost Accounting, 10th. Cengage Learning, London, [ISBN: 9781473748873].
Supplementary Book Resources
  • Drury Colin. (2015), Management and Cost Accounting Student's Manual, 9th. Cengage Learning, London, [ISBN: 1408093944].
  • BPP. (2018), F5 Performance Management Study Text, BPP, London, [ISBN: 9781509].
This module does not have any article/paper resources
Other Resources
  • on line resource, Cengage. (2015), Cengage Learning’s CourseMate,, London, Cengage Learning.
  • Accounting Institutes Websites.
  • Accounting Institute Journals.
  • Harvard Business Review.
  • Business Week.
  • The business section of newspapers.