This module is not currently running in 2024 to 2025.
The work of accountants permeates all aspects of management. Accountants provide information that is relevant to both managers and external stakeholders in the context of planning and controlling an organisation. This module introduces the principles and techniques used by management accountants who provide appropriate financial information to managers and help them make better informed decisions. Topics may include:
• An introduction to management accounting
• The role of management accountants in an organisation
• Cost terms and purposes
• Cost determination
• Cost-Volume-Profit (CVP) analysis
• Measuring relevant costs & revenues for decision making
• Job order costing
• Cost allocation
• Activity based costing
• Joint and by-product costing
• Pricing, target costing and customer profitability analysis
• Motivation, budgets and responsibility accounting
• Flexible budgets, variances and management control
• Value based management and strategic management
• Performance management and management control
• Environment cost accounting: Sustainability
Total contact hours: 65
Private study hours: 235
Total study hours: 300
Main assessment methods:
Exam, 3 hours (70%)
Essay of 1500 words (10%)
In-course test, 45 minutes (10%)
VLE Online Test (10%)
Reassessment method:
100% exam
Core text:
Bhimani, A., Horngren, C.T., Data, S.M. and Rajan, M.V. (2019) Management and Cost Accounting 7th edition Harlow: FT-Prentice Hall
Other recommended texts:
Drury, C. (2018) Management and Cost Accounting 10th Edition, Andover: Cengage Learning
Seal, W., Garrison, R.H. and Noreen, E.W. (2012) Managerial Accounting 4rd Edition London: McGraw-Hill
See the library reading list for this module (Canterbury)
The intended subject specific learning outcomes.
On successfully completing the module students will be able to:
- Constructively differentiate the contexts in which management and financial accounting operate.
- Critically determine costs based on cost terms and purposes.
- Apply relevant management accounting techniques under various costing systems.
- Critically distinguish between short-run and long-run pricing decisions and describe approaches to pricing.
- Measure and apply yield, mix and quantity effects in planning and control.
- Design and prepare budgets and perform in depth variance analysis for strategic planning and control.
The intended generic learning outcomes.
On successfully completing the module students will be able to:
- Communicate and learn effectively using information technology.
- Manage their own learning.
- To make use of scholarly reviews and primary sources, e.g. refereed research articles and/or original materials appropriate to the discipline.
- Evaluate arguments, assumptions and data to make judgements, and frame appropriate questions to achieve a solution to a problem.
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