Management Accounting - ACCT5250

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Module delivery information

Location Term Level1 Credits (ECTS)2 Current Convenor3 2024 to 2025
Canterbury
Autumn Term 5 15 (7.5) Paola Madini checkmark-circle

Overview

Management accounts act as a constant for businesses in a dynamic and rapidly changing environment, making them crucial for success and valuable to organisations. You'll apply management accounting tools and techniques to assist managers in making profit planning decisions, controlling company performance, and evaluating long-term investments to grow. Through developing skills in how to become a business partner, analytical problem-solving and decision-making skills you’ll be ready to analyse economic results, identify growth opportunities and advise managers on how to drive sustainable performance across their organisation.

Details

Contact hours

Contact hours: 32
Independent learning hours: 118
Total study hours: 150

Method of assessment

Main assessment methods:
VLE test 1 (30 minutes) 15%
VLE test 2 (30 minutes) 15%
Exam (2 hours) 70%

Reassessment methods:
Exam 100%.

Indicative reading

Bhimani, A., Horngren, C.T., Datar, S.M. and Rajan, M.V. (2019) Management and Cost Accounting 7th edition, Harlow: FT-Prentice Hall
Drury, C. (2018) Management and Cost Accounting 10th Edition, Andover: Cengage Learning

Learning outcomes

The intended subject specific learning outcomes.
On successfully completing the module students will be able to:
- Critically distinguish between relevant and irrelevant costs and revenues for decision-making.
- Demonstrate an understanding between short-run and long run pricing decisions, describe approaches to pricing and perform customer profitability analysis.
- Design, prepare and analyse budgets.
- Perform complex variance analysis for strategic planning and control.
- Measure and apply yield, mix and quantity effects in planning and control.
- Critically evaluate capital budgeting and perform capital investment evaluations.
- Critically distinguish environmental costs and analyse the role of environmental management controls for sustainability.

The intended generic learning outcomes.
On successfully completing the module students will be able to:
- Communicate effectively to a variety of audiences and/or using a variety of methods and appropriate technical language.
- Manage their own learning by planning and working independently using appropriate learning resources.
- Evaluate arguments, assumptions and data to make judgements, and frame appropriate questions to achieve a solution to a problem.

Notes

  1. Credit level 5. Intermediate level module usually taken in Stage 2 of an undergraduate degree.
  2. ECTS credits are recognised throughout the EU and allow you to transfer credit easily from one university to another.
  3. The named convenor is the convenor for the current academic session.
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